Germantown, MD Real Estate
According to census data in the year 2000 there were 21,508 housing units in Germantown.
This represents a 25.6% growth from 17,121 in 1990.
Of those housing units, 21,508 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Germantown is about 67.6%.
Germantown's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Germantown were built after 1986.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 9.80% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 41.60% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $140,900 |
| Median Price asked for vacant units | $116,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $889 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 11.30% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 75.10% |
| Debt Free | 3.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
