1031 Exchange Gaithersburg, Maryland

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Gaithersburg due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Gaithersburg, Maryland is a part of the Gaithersburg/Germantown Submarket submarket area, and contains 9 zip codes, including: 20883, 20882, 20878, 20898, 20885, and 20899.

Gaithersburg Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Gaithersburg, MD submarket area was $1,590, which is 9.58% higher than 2014 average rent. This represents a compounded annual growth rate of 1.85%. 2019 vacancy in Gaithersburg, MD was 2.80%.

The total population of the city of Gaithersburg, MD has grown 13.94% since 2010. As of 2018, the population was 68,289. The median household income of the Gaithersburg was $86,427, which is 43.34% higher than the national average.

  • submarket area Gaithersburg / Germantown Submarket
  • avg rent $1,590
  • rent growth 9.58%
  • vacancy 2.80%
  • median income $86,427
  • population (2018) 68,289
  • population growth 13.94%
  • vs. nat'l avg 43.34%
  • zip codes 20877 20878 20879 20882 20883 20884 20885 20898 20899

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