Market Overview
Home Prices in Garrett Park, MD
The median home value in Garrett Park, MD is $1,069,149 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.8% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Garrett Park are priced161% above average. Garrett Park is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Garrett Park home values have risen by approximately11.9%, reflecting steady appreciation in this market.
Price History
Garrett Park Home Price Trend
City Comparison
Garrett Park vs. National Median
At $1,069,149, homes in Garrett Park cost 161% above the national median of $410,000. Buyers in Garrett Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Garrett Park?
20% Down Payment
$213,830
on $1,069,149
Monthly P&I
$5,576/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,082/mo
incl. taxes & insurance
Income Needed
$283,280
gross annual (30% rule)
10% Down Option
$106,915
+ PMI applies
Loan Amount (20% dn)
$855,319
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Garrett Park, MD?
The median home value in Garrett Park is $1,069,149 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.8% year-over-year.
How much have home prices changed in Garrett Park?
Over the past year, home values in Garrett Park have decreased by 0.8%. Over five years, prices have risen approximately 11.9%.
How much do I need to earn to buy a home in Garrett Park?
To comfortably afford the median home price of $1,069,149 with a 20% down payment ($213,830) at today's rates (6.8%), you'd need a gross annual income of approximately $283,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Garrett Park compare to the national average home price?
The national median home value is approximately $410,000. At $1,069,149, homes in Garrett Park are 161% above the national average.
What metro area is Garrett Park part of?
Garrett Park is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.