Gaithersburg (Rockville), MD

Population: 61,045
Average annual home appreciation rate: 3.27%
Total of homes for sale in this market: 378
Median home price: $355,917
Median Rent: $1,386 Per Room
Home price range: 27.37% of homes are between $293,001 – $391,000
Median sales price: $339,500
Number of homes: 331
Median foreclosure sales price: $222,000
Foreclosure discount: $117,500 ( 34.6% )
Most common home type: 45.09% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 5.71%
Number of renters: 43.76%
Number of owner occupied: 56.24%
Number people living below poverty level: 8.09%
Unemployment rate: 4.50%
Is this area perfect for real estate deals going on right now? Although the prices of the homes are typically more than real estate investors are seeking at this time, there are other factors that has investors seeking properties in the Gaithersburg market based simply on the fact that it will be a great ROI. 1. Track record of higher home appreciation rates. 2. High rental rates 3. Multiple troubled properties (as many as normal homes for sale on the market) available at significant discounts. (34.6%) These are just a few, but one can see that this market does have promise.

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