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.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom3.10%
Two Bedrooms6.40%
Three Bedrooms15.70%
Four Bedrooms44.10%
Five Bedrooms or more29.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1975
Median Value of occupied units$450,800
Median Price asked for vacant units$370,000

Rented Homes, Apartments and Condos

Average Household Size2.96
Median year structure was built1974
Median Monthly Rent asked for vacant units$948

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage10.80%
Home Equity Loan13%
Simple Mortgage54.20%
Debt Free21.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18%