Gaithersburg, MD: Real Estate Mecca
By Kris Lamey, March 09, 2021
© 2020 – Present, Kris Lamey, Inc.
NAVIGATION
Gaithersburg has some of the best neighborhoods in Maryland, offering an exotic place to work and raise a family. However, finding the perfect home entails more than work. Functionality and efficiency ultimately define your home’s value. You can research the trends, pricing and existing options as part of your home comparisons. As a seller’s market, Gaithersburg, MD, has more than 450 homes up for sale, with prices ranging from $97,000 to $2,500,000. The median listing is around $425,000, or about $100,000 above the national median. Below are some tips to help you find the perfect home in Gaithersburg.
Make A List of All Homes You Are Interested In
Gaithersburg, MD, has many homes up for sale, but some aren’t worth visiting. It is essential to identify the homes that feature all aspects you seek. This involves going through all listings, which is overwhelming and time-consuming. We have made the process simpler so you can browse the best homes in different categories, including:
- Luxury properties
- Affordable properties
- Best value properties
We are happy to show you the homes to determine if it meets your needs before purchasing.
Schools and Amenities
If you are looking to work or raise your family in Gaithersburg, you need a home that’s close to amenities and facilities you frequent. For instance, if you have kids, well-performing schools, smooth traffic, nearby hospitals and malls are ideal hallmarks. Gaithersburg is home to many top-performing schools, so you’ve got this end covered. You can also find private schools, coffee shops, grocery stores, restaurants, parks and other amenities distributed across the town.
Transportation
Transport is another crucial aspect to review when finding a home and Gaithersburg has the right mix to ensure you make your appointments with no delay. The town is located along the I-270 highway connecting to the Washington beltway to the south and I-70 to the north. You can use Metrorail buses, such as Ride On and Ride On Extra, take the train through MARC and Amtrack rail services or ride your bicycle. The closest airport is about 4 miles away from the town center. BWI, IAD and GAI airports are also 45 minutes away.
Jobs and Crime
The unemployment rate in Gaithersburg, MD, is below the national average, with the construction and manufacturing industries leading the economy. However, there are opportunities everywhere, including financial and insurance services, wholesale and retail, public administration and transportation. Other top industries include warehousing and utilities, education, health and social services. Crime rates aren’t Gaithersburg’s best attribute. The town has a rate of 14 per 1,000, which is 17% higher than the national average. Towns like Ocean Pines, MD, have as low as 1.14 per 1,000. Nonetheless, Gaithersburg has more job openings and amenities.
Property Taxes
Maryland property tax rate is 1.10%, which is slightly higher than the 1.08% national average. However, homes in the area are sold at higher values, so residents may pay more in annual taxes. The Maryland government also oversees property tax assessment, unlike other states that leave it to local officials. You should hire a financial advisor to understand how homeownership will fit into your financial goals.
Mortgage Rates
The mortgage rates are at an all-time low in 30 years across the nation and the situation isn’t different for Maryland. First-time buyers and those who haven’t owned a home for the last three years can take advantage of the MMP (Maryland Mortgage Program). However, it is advisable to shop around for the lowest mortgage rates for the home you want to purchase. If you don’t understand the mortgage terms, we can help you get clarity for informed decision making.
Buy A Home Today
With so many listings, finding the home of your dream shouldn’t be a difficult task. You can schedule an appointment to view the homes or request professional insight. The goal is to make sure you find the best home without getting into financial trouble. Take advantage of historically low mortgage rates to buy your home in Gaithersburg, Maryland.