Market Snapshot
- Median listing price
- $897K
- Median rent
- $2,800/mo
- Days on market
- 210 days
- Gross rental yield
- 3.74%
- STR vs LTR
- $1,674/mo STR · $2,800/mo LTR
The median listing price in Gaithersburg, MD ZIP 20878 is $897,499.5 as of June 2026.
The median market rent in Gaithersburg, MD ZIP 20878 is $2,800/month as of June 2026.
The median days on market in Gaithersburg, MD ZIP 20878 is 210 days as of June 2026. The market is currently neutral.
At a median list price of $897,499.5 and a median rent of $2,800/month, the gross rental yield in Gaithersburg, MD ZIP 20878 is 3.74% as of June 2026.
In Gaithersburg, MD ZIP 20878, median Airbnb revenue is $1,674/month compared to median long-term rent of $2,800/month as of June 2026.
Gaithersburg, MD 20878 Real Estate Market Report
ZIP Code: 20878
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 20878 area are approximately 6.5%, reflecting a market where rates have fluctuated between 5.98% and 6.53% throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is the median sold price of $822,000, which anchors recent transaction value and suggests modest price appreciation consistent with observed trends; price is trending up year‑over‑year so expect sellers to capture near-current sale-levels when aligned with market comps.
- There is a meaningful gap between the median listing price of $897,500 and the median sold price, which may indicate seller price optimism and pricing friction that could extend negotiation timelines for buyers and sellers not aligned to comparables.
- Market velocity appears slower based on a median days on market of 210, which suggests longer exposure before sale and may indicate moderate transaction volume despite stable pricing — plan for longer marketing windows and staged pricing strategies.
- Rental dynamics show a median market rent of $2,800 while rent year‑over‑year trend is down, and with moderate interest rate pressure around current 30‑year fixed rates near 6.5%, investors should underwrite conservatively and prioritize cash‑flow sensitivity to rate moves.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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