What is the median home value in Martin's Additions, MD?
The median value of owner-occupied homes in Martin's Additions, MD is $1,535,200 (±$94,452), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Martin's Additions, the median home value went from $1,160,100 in 2015–2019 to $1,535,200 in 2020–2024 (+32.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $1,535,200 (±$94,452)
- Owner-occupied homes
- 328 (±63)
- Most common range
- $1,000,000 or more
Home values in Martin's Additions
| Value | Martin's Additions | Montgomery County | Maryland | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.3% (±0.8 points) | 1.3% | 3.0% | 5.3% |
| $50,000 to $99,999 | 0.0% (±12.1 points) | 0.7% | 2.0% | 6.1% |
| $100,000 to $149,999 | 0.0% (±12.1 points) | 0.9% | 2.7% | 6.8% |
| $150,000 to $199,999 | 0.0% (±12.1 points) | 1.6% | 4.8% | 9.0% |
| $200,000 to $299,999 | 0.0% (±12.1 points) | 5.8% | 14.8% | 17.8% |
| $300,000 to $499,999 | 0.0% (±12.1 points) | 23.2% | 37.1% | 26.9% |
| $500,000 to $999,999 | 13.4% (±5.7 points) | 47.6% | 29.7% | 20.9% |
| $1,000,000 or more | 86.3% (±5.5 points) | 18.8% | 6.0% | 7.1% |
The most common range is $1,000,000 or more, 86.3% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Martin's Additions against Montgomery County, its state and the nation
| Martin's Additions | Montgomery County | Maryland | United States | |
|---|---|---|---|---|
| Median home value | $1,535,200 (±$94,452) | $640,300 (±$5,098) | $419,900 (±$1,385) | $332,700 |
| Owner-occupied homes | 328 (±63) | 254,139 (±2,460) | 1,597,565 (±8,362) | 84,210,142 |
In Martin's Additions, the median home value is higher than in Montgomery County ($640,300).
It is also higher than in Maryland ($419,900).
It is higher than the national figure ($332,700).
In Montgomery County, Martin's Additions ranks 6 of 59 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 6 of 381.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Martin's Additions have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $1,160,100 (±$54,730) | $1,535,200 (±$94,452) | +32.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Martin's Additions
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Martin's Additions | — | $1,535,200 (±$94,452) | — |
| Chevy Chase Section Three | 0.3 mi | $1,605,600 (±$80,710) | Not measurably different |
| Chevy Chase Section Five | 0.4 mi | $1,643,100 (±$114,391) | Not measurably different |
| Chevy Chase | 0.8 mi | $1,670,600 (±$84,779) | Higher |
| Chevy Chase Village | 0.9 mi | $2,000,000 or more | — |
| Chevy Chase (community) | 0.9 mi | $1,245,000 (±$57,086) | Lower |
| Friendship Heights Village | 1.6 mi | $484,300 (±$68,752) | Lower |
| North Chevy Chase | 1.6 mi | $1,212,500 (±$66,937) | Lower |
| Somerset | 1.7 mi | $1,775,000 (±$129,189) | Higher |
Nearby places with a measurably lower figure: Chevy Chase (community), MD ($1,245,000), Friendship Heights Village, MD ($484,300), North Chevy Chase, MD ($1,212,500).
Nearby places with a measurably higher figure: Chevy Chase, MD ($1,670,600), Somerset, MD ($1,775,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Montgomery County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Chevy Chase Village | $2,000,000 or more |
| 2 | Somerset | $1,775,000 (±$129,189) |
| 3 | Chevy Chase | $1,670,600 (±$84,779) |
| 4 | Chevy Chase Section Five | $1,643,100 (±$114,391) |
| 5 | Chevy Chase Section Three | $1,605,600 (±$80,710) |
| 6 | Martin's Additions | $1,535,200 (±$94,452) |
| 7 | Chevy Chase View | $1,414,600 (±$241,441) |
| 8 | Brookmont | $1,361,100 (±$264,205) |
| 9 | Travilah | $1,325,100 (±$111,289) |
| 10 | Cabin John | $1,312,900 (±$171,340) |
| 11 | Chevy Chase (community) | $1,245,000 (±$57,086) |
| 12 | North Chevy Chase | $1,212,500 (±$66,937) |
Showing 12 of 59 places in Montgomery County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Martin's Additions
What is the average home value in Martin's Additions, MD?
The Census Bureau publishes the median: $1,535,200 (±$94,452) for owner-occupied homes in Martin's Additions (2020–2024 American Community Survey).
Have home values in Martin's Additions gone up?
In Martin's Additions, the median home value went from $1,160,100 in 2015–2019 to $1,535,200 in 2020–2024 (+32.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Martin's Additions sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Martin's Additions village, Maryland
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Martin's Additions village, Maryland
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Martin's Additions village, Maryland
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Martin's Additions village, Maryland
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Martin's Additions village, Maryland (place:50965, in state:24).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Martin's Additions at a glance
- Income and affordability in Martin's Additions
- Homeowner costs in Martin's Additions
- Property taxes in Martin's Additions
- Types of homes in Martin's Additions
- Age of homes in Martin's Additions
- Heating fuel in Martin's Additions
- Commute and cars in Martin's Additions
- Population growth in Martin's Additions
- Maryland landlord and tenant rules
- Housing across Montgomery County
- Maryland places ranked by median home value
- Housing data for every place in Maryland