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 Type | 0.30% |
| One Bedroom | 1.20% |
| Two Bedrooms | 5.20% |
| Three Bedrooms | 25.10% |
| Four Bedrooms | 48.10% |
| Five Bedrooms or more | 20.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.31 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $304,400 |
| Median Price asked for vacant units | $196,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.56 |
| Median year structure was built | 1986 |
| Median Monthly Rent asked for vacant units | $950 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 13.50% |
| Home Equity Loan | 13% |
| Simple Mortgage | 66.50% |
| Debt Free | 6.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
