Home Insurance in Gaithersburg, Maryland
The median home value in Gaithersburg is $496,500, 22% lower than the Montgomery County median.
The typical home in Gaithersburg was built around 1989. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 5% of homes were built before 1960, about 15 points below Montgomery County's 20%.
Housing in Gaithersburg breaks down to 48% single-family homes and 50% apartments in buildings with 5+ units.
73% of owner-occupied homes in Gaithersburg carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Gaithersburg has an owner-occupancy rate of 51% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
In Gaithersburg, 53% of homes are primarily heated with natural gas.
Montgomery County had 2,097 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). See the full Montgomery County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Maryland, the statewide average premium for a standard HO-3 homeowners policy is $1,578 per year (NAIC, 2023 data).
Key figures
| Median home value | $496,500 |
|---|---|
| Median year built | 1989 |
| Owner-occupied share | 51% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Montgomery County | 2,097 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
- Washington Grove
- Rockville
- Laytonsville
- Brookeville
- Garrett Park
- Kensington
- Chevy Chase View
- Barnesville
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)