Gaithersburg, Maryland/ Flickr user ehpien
New urbanism and quality schools have turned Gaithersburg, a northwest suburb of Washington D.C., into Maryland’s fourth largest city.
Boasting a population of roughly 67,000, the city is divided into west and east sections by Interstate 270. The eastern side is considered Olde Towne, while the western portion is home to a number of transit-oriented developments and wealthier neighborhoods.
The western portion is also the primary driver of home values in the city. As of late April, there were 773 homes for sale within the market. The median listing price of these homes stood at $400,000, while the median closing price was at $351,000. The city has a modest supply of single-family rentals, as 199 such properties are currently up for lease.
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Spanning the past 12 months, home values in Gaithersburg have slightly declined, but analysts don’t anticipate declines in the coming months.
Households within the city earn a median income of nearly $80,000.
Education on a higher level
Gaithersburg lies within the Montgomery County Public Schools system, which recently received an overall “A+” grade as the second best school district in Maryland from Niche. The district comprises 207 schools and more than 151,000 students.
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Two of the district’s elementary schools, Travilah and Stone Mill, received perfect 10/10 scores from GreatSchools.
The city is also home to the National Institute of Standards and Technology. The institute, which is an agency of the U.S. Department of Commerce, is the city’s largest employer, with a base of more than 2,100 people.
Bohrer Park, Browns Station Park, Washingtonian Center and the Montgomery County Fairgrounds also call the city home. Bordering Gaithersburg to the northwest is Seneca Creek State Park. The city is around a 27-mile drive from downtown Washington D.C. and 42 miles from Baltimore. Within the city limits are two metro stops, with an additional stop located just outside of town in Washington Grove.
