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TownhouseResidential
$455,602$316 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $367,000 on Sep 14, 2021

506 PALMSPRING DR

GAITHERSBURG, MD 20878
2.5
Baths
1,440 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
2,400 ft²
Lot SizeThe size of the land the home sits on, from county records.
1989
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$456K
$434K low$477K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$367,000 · Sep 14, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,759 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$361,600 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$150,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$211,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$343,167
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$361,600

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Townhouse
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountyMONTGOMERY
Lot (acres)The size of the land the home sits on, from county records.0.06
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 180 ft²

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Fields Road Elementary SchoolC+
Elementary · Grades PK–5 · 0.4 mi
M
Ridgeview Middle SchoolB-
Middle · Grades 6–8 · 2.1 mi
H
Quince Orchard High SchoolC+
High · Grades 9–12 · 2.4 mi

District: Montgomery County Public Schools

Neighborhood · ZIP 20878These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.62
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.89
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.42

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.9%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.66,167
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,976 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$145,457
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$176,656
Average tempThe average temperature here across a full year.54°F
Annual precipHow much rain and melted snow falls here in a typical year.43 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.57%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

506 Palmspring Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 83% of homes in Gaithersburg 20878
  • Costs more per square foot than 66% of homes in Gaithersburg
  • Smaller than 79% of homes in Gaithersburg 20878
  • Has a smaller lot than 71% of homes in Montgomery County
  • Newer than 73% of homes in Montgomery County

What homes are worth in Gaithersburg 20878

Each bar is how many homes fall in that price range. The marker is this home.

This home
$185K$1.6M

This home is worth more than 17% of homes in Gaithersburg 20878.

How it measures up in Gaithersburg 20878

The dot is this home. The mark in the middle is the typical home in Gaithersburg 20878.

Estimated value$455,602
CheaperTypical $740,298Pricier

Pricier than 17% of homes nearby

Price per ft²$316
CheaperTypical $309Pricier

Pricier than 56% of homes nearby

Living area1,440 ft²
SmallerTypical 2,248 ft²Bigger

Bigger than 21% of homes nearby

Lot size2,400 ft²
SmallerTypical 0.11 acBigger

Bigger than 34% of homes nearby

Year built1989
OlderTypical 1988Newer

Newer than 58% of homes nearby

How 506 Palmspring Dr ranks against every home in each area.
MeasureThis homeGaithersburgGaithersburg 20878Montgomery County
Estimated valuepricier than$455,60235% of homes17% of homes26% of homes
Price per ft²pricier than$31666% of homes56% of homes56% of homes
Living areabigger than1,440 ft²32% of homes21% of homes26% of homes
Lot sizebigger than2,400 ft²48% of homes34% of homes29% of homes
Year builtnewer than198957% of homes58% of homes73% of homes

About 506 Palmspring Dr

How much is 506 Palmspring Dr, Gaithersburg, MD worth?

The TopHap Estimate for 506 Palmspring Dr, Gaithersburg, MD is $455,602 as of Sep 24, 2026. The likely range is $434,281 to $476,923. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 Palmspring Dr, Gaithersburg, MD last sell?

506 Palmspring Dr, Gaithersburg, MD last sold on Sep 14, 2021 for $367,000, according to the county's recorded deed.

How big is 506 Palmspring Dr, Gaithersburg, MD?

506 Palmspring Dr, Gaithersburg, MD has 2.5 bathrooms, 1,440 square feet of living space and a 0.06-acre lot.

When was 506 Palmspring Dr, Gaithersburg, MD built?

506 Palmspring Dr, Gaithersburg, MD was built in 1989, making it 37 years old. It is a townhouse home. The building has 2 stories.

What schools serve 506 Palmspring Dr, Gaithersburg, MD?

506 Palmspring Dr, Gaithersburg, MD is assigned to Fields Road Elementary School (elementary), rated C+; Ridgeview Middle School (middle), rated B-; Quince Orchard High School (high), rated C+. All sit in Montgomery County Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 Palmspring Dr, Gaithersburg, MD compare to other homes in Gaithersburg 20878?

Among the 20,757 homes in Gaithersburg 20878, it is worth more than 17% of them ($455,602 against a typical $740,298), its price per square foot is higher than 56% of them ($316 against a typical $309), it is bigger than 21% of them (1,440 ft² against a typical 2,248 ft²), its lot is bigger than 34% of them (2,400 ft² against a typical 0.11 ac) and it is newer than 58% of them (1989 against a typical 1988). Measured against all of Montgomery County, it is worth more than 26% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 506 Palmspring Dr, Gaithersburg, MD?

The 2025 property tax bill for 506 Palmspring Dr, Gaithersburg, MD was $4,759. The county assessed it at $361,600.

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