North Potomac's October First-Time Homebuyer Report

North Potomac has a younger population than other areas in Maryland with a median age of 41 years. It is also very affluent with a median income of $144,389 per household. The North Potomac market primarily consists of detached houses, accounting for 78% of the current homes in the area. Topping the list of best schools in the city is Travilah Elementary School.

Price Range

North Potomac has some of the more expensive homes in the state with a median home value of $578,200 and a current average list price of $620,420. The North Potomac market closed in on its 12-month sales average this week as sales rose 26.7% to reach 19 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in North Potomac that generated the most views from potential buyers:

$375K   $265K   $470K  

Typical Dwelling

The typical dwelling in North Potomac is a four-bedroom detached home worth about $725,570. To purchase a similar home, a buyer with good credit and a $145,114 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,542 monthly payment. The property tax rate is $12.02 per $1,000 of taxable assessed value.

Get started right now by checking out North Potomac homes for sale or reviewing North Potomac real estate trends.

Data reported through 10/13/2016


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