Garrett Park, MD Profile: Facts & Data

The Town of Garrett Park had a population of 979 as of July 1, 2024. Garrett Park ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Maryland. See peer rankings below.

The primary coordinate point for Garrett Park is located at latitude 39.0382 and longitude -77.093 in Montgomery County. The formal boundaries for the Town of Garrett Park encompass a land area of 0.26 sq. miles and a water area of 0 sq. miles. Montgomery County is in the Eastern time zone (GMT -5).

The Town of Garrett Park has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Garrett Park, MD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	979 (100%)
Population in Households	979 (100.0%)
Population in Families	874 (89.3%)
Population in Group Quarters¹	0
Population Density	3,899
Diversity Index²	41


INCOME
Median Household Income	$200,001
Average Household Income	$318,427
% of Income for Mortgage⁴	29%
Per Capita Income	$114,816
Wealth Index⁵	355
Socioeconomic Status Index⁶	High (82.4)

HOUSING
Total HU (Housing Units)	362 (100%)
Owner Occupied HU	336 (92.8%)
Renter Occupied HU	17 ( 4.7%)
Vacant Housing Units	9 ( 2.5%)
Median Home Value	$926,796
Average Home Value	$1,041,369
Housing Affordability Index³	85

HOUSEHOLDS
Total Households	353
Average Household Size	2.77
Family Households	281
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Garrett Park, MD - Peer Comparisons by Rank and Percentile

The table below compares Garrett Park to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.40%	-0.18%
Households	-0.53%	-0.28%
Families		-0.29%
Median Household Income		0.00%
Per Capita Income		1.90%
Owner Occupied HU		-0.18%

Variable Description	Rank	Percentile
Total Population	# 328	39th
Population Density	# 97	82nd
Median Household Income	# 13	99th
Housing Affordability Index	# 244	46th
Per Capita Income	# 10	98th
Diversity Index	# 317	41st

Garrett Park, MD Profile: Facts & Data

Garrett Park, Maryland - Basic Facts

Garrett Park, MD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Garrett Park, MD - Peer Comparisons by Rank and Percentile

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