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BUYING A HOME IN MONTGOMERY COUNTY

Montgomery County, Maryland offers some of the most beautiful luxury homes in the state. Montgomery County is also the location for important employment centers, major shopping and an easy commute to Northern Virginia

Below are some facts of interest about Montgomery County that will help you decide if this is a place you wish to look for a home.

Montgomery County has a vigorous new homes and resale real estate market. Homes closer to Washington, D.C. are priced for the luxury market (over $400,000). Homes farther out in the Gaithersburg, Olney and Germantown areas may be priced under $400,000.

• 73.6% of the homes are owner occupied.
• 53.2% of the homes are single detached.
• The median housing value is $236,200
• The median number of bedrooms is 4.
• The median income for households with children is $93,070.
• The land area is 494.6 miles and the population density is 1,672 per square mile.
• The population growth rate is 1.1% (last 5 years)
• 90.6% of the population are high school graduates
• The average travel time to work is 29.5 minutes.

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