Potomac, MD Real Estate
According to census data in the year 2000 there were 15,956 housing units in Potomac.
This represents a 2.1% growth from 15,630 in 1990.
Of those housing units, 15,898 were located in either urbanized areas or urban clusters, and 58 were located in what is classified as a rural area.
Homeownership rate in Potomac is about 88.9%.
Potomac's vacancy rate, including seasonal lodging, is about 1.9%.
Average household size is 2.84 people.
The majority of houses, apartments or condos in Potomac were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 3.10% |
| Two Bedrooms | 6.40% |
| Three Bedrooms | 15.70% |
| Four Bedrooms | 44.10% |
| Five Bedrooms or more | 29.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $450,800 |
| Median Price asked for vacant units | $370,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $948 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 10.80% |
| Home Equity Loan | 13% |
| Simple Mortgage | 54.20% |
| Debt Free | 21.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
