The story of this market
The typical home in ZIP 20877 sells for about $475,000, or $265 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,887 a month.
ZIP 20877 — Gaithersburg
The 20877 housing market remains stable with moderate price appreciation driven by limited inventory and consistent demand from commuters. While sales volume is steady, the market is sensitive to interest rate fluctuations, leading to a balanced environment for both buyers and sellers.
This ZIP is ideal for middle-income families and commuters seeking a balance between suburban space and accessibility to the D.C. employment core, offering more attainable entry-level housing than neighboring affluent ZIPs.
Median prices moved up 2.4% year over year.
Homes spend a median of 28 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 12.0% — a stable, low-distress profile.
Built from 264 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 20877, Montgomery County MD
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Gaithersburg area are generally consistent with regional averages for Montgomery County, with property crime being the primary concern in suburban residential pockets.
Schools serving the 20877 area are part of the Montgomery County Public Schools system, which is highly regarded nationally, though individual school performance varies by specific neighborhood attendance zones.
The area faces moderate risk from severe thunderstorms and occasional flooding in low-lying areas near local creeks, but is not prone to significant wildfire or coastal wind hazards.
Economic momentum is driven by proximity to the I-270 technology corridor and major employers in Gaithersburg and Rockville, with ongoing redevelopment of older suburban commercial centers.
Property taxes are levied by Montgomery County and the City of Gaithersburg; the rate is a combination of county, municipal, and state-mandated school district taxes, with a homestead exemption available for primary residences.
Residents benefit from proximity to the Shady Grove Metro station and I-270, providing a direct transit and highway corridor to employment hubs in Bethesda and Washington, D.C.
The area features extensive access to local parks such as Bohrer Park and various community trails, with proximity to major shopping centers like Lakeforest and the dining districts of downtown Gaithersburg.
The rental market is characterized by high demand due to the area's affordability relative to the broader D.C. metro, with a mix of garden-style apartments and single-family rentals.
The economy is anchored by the biotechnology and life sciences sector along the I-270 corridor, with significant employment from federal agencies and private research firms.
Served by the Montgomery County Ride On bus system and proximity to the Red Line Metro, facilitating regional connectivity.
The city is focused on high-density residential infill and the revitalization of aging commercial corridors to support population growth.
The Montgomery County Department of Finance assesses properties annually based on market value, with a three-year phase-in for assessment increases.
Parcels are subject to Montgomery County Public Schools taxes and various special taxing districts for municipal services.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in the Mid-Atlantic.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- F1 Arcade Washington, D.C.4.619.1 mi
- Lake Fairfax Park4.614.4 mi
- Urban Air Trampoline and Adventure Park4.117.7 mi
- Adventure Park USA4.117 mi
- Sky Zone Trampoline Park4.11.9 mi
- Capital One Arena4.519.2 mi
- Walter E. Washington Convention Center4.518.8 mi
- John F. Kennedy Center for the Performing Arts4.818.6 mi
- International Spy Museum4.420 mi
- Washington National Cathedral4.816 mi
- Great Falls Park4.810.9 mi
- Westfield Montgomery4.48.6 mi
- Westfield Wheaton4.210.3 mi
- Glenstone4.76.5 mi
- Brookside Gardens4.89.9 mi
- Lincoln Memorial4.819.1 mi
- Smithsonian National Museum of Natural History4.819.5 mi
- Smithsonian's National Air and Space Museum4.619.9 mi
- National Mall4.819.5 mi
- Smithsonian National Museum of American History4.719.4 mi
- Great Falls Park4.810.9 mi
- Brookside Gardens4.89.9 mi
- Glen Echo Park4.612.6 mi
- Cabin John Ice Rink4.48.1 mi
- Seneca Creek State Park4.73.4 mi
- Topgolf Germantown4.34.7 mi
- Congressional Country Club4.710.2 mi
- Trump National Golf Club Washington DC410.6 mi
- Northwest Golf Course4.38.8 mi
- Needwood Golf Course4.33.2 mi
- Clarksburg Premium Outlets4.47.8 mi
- Westfield Montgomery4.48.6 mi
- Westfield Wheaton4.210.3 mi
- Butler's Orchard4.65.7 mi
- Rio Gaithersburg4.81.9 mi
- Dulles International Airport4.119.6 mi
- Ronald Reagan Washington National Airport4.221.8 mi
- Baltimore/Washington International Thurgood Marshall Airport4.328 mi
- Capital One Lounge at IAD4.319.2 mi
- The Club BWI3.928.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Features a water park, community center, and extensive athletic fields.
Located in the historic train station, highlighting local history.
Major retail hub currently undergoing transition and redevelopment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.