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North Potomac, MD Real Estate


According to census data in the year 2000 there were 6,955 housing units in North Potomac. This represents a 21% growth from 5,749 in 1990.

Of those housing units, 6,955 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in North Potomac is about 91.8%. North Potomac's vacancy rate, including seasonal lodging, is about 1%. Average household size is 3.33 people.

The majority of houses, apartments or condos in North Potomac were built after 1986.

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom1.20%
Two Bedrooms5.20%
Three Bedrooms25.10%
Four Bedrooms48.10%
Five Bedrooms or more20.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.31
Median year structure was built1986
Median Value of occupied units$304,400
Median Price asked for vacant units$196,300

Rented Homes, Apartments and Condos

Average Household Size3.56
Median year structure was built1986
Median Monthly Rent asked for vacant units$950

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage13.50%
Home Equity Loan13%
Simple Mortgage66.50%
Debt Free6.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.6%