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 Units by Size|
|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
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||13%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18%|