Forest Lake Estates, Gaithersburg, MD
Forest Lake Estates — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Forest Lake Estates, Gaithersburg, Maryland. Explore the cited sources and local facts below while agent underwriting continues.
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Forest Lake Estates Neighborhood Overview
Forest Lake Estates is a prestigious and well-established residential neighborhood in Gaithersburg, Maryland. Known for its serene setting, mature trees, and spacious properties, it offers a peaceful suburban lifestyle with excellent access to major commuter routes and urban amenities.
Housing & Real Estate
The neighborhood primarily features large, custom-built single-family homes on generous, wooded lots. With a median home value of approximately $767,200, the real estate market here is robust, catering to those seeking privacy and upscale living.
Schools & Education
Families in Forest Lake Estates are served by the highly-regarded Montgomery County Public Schools system. Specific school assignments are subject to district boundaries but typically include top-rated options like Rachel Carson Elementary and nearby middle and high schools.
Parks & Recreation
Residents enjoy proximity to several parks, including the expansive Bohrer Park at Summit Hall Farm, which features water parks, sports fields, and event pavilions. The neighborhood's own wooded areas and the nearby Lake Forest Mall area also provide ample space for walking and outdoor activities.
Local Dining & Shopping
Convenient shopping is available at the Lakeforest Mall corridor and the Washingtonian Center, offering a mix of national retailers and local boutiques. Dining options range from casual family restaurants to upscale eateries, satisfying a wide variety of culinary tastes.
Who Lives Here
The community is characterized by affluent, established families and professionals. With a median household income around $198,473, it is a neighborhood of high earners who value education, community, and a high quality of life.
Forest Lake Estates Market Data
| Metric | Value |
|---|---|
| Median Home Price | $767K |
| Median Gross Rent | $3K/mo |
| Median Household Income | $198K |
| Homeownership Rate | 88.7% |
| Renter-Occupied | 11.3% |
| Rental Vacancy Rate | 5.5% |
| Market Type | Balanced |
| Primary ZIP Code | 20105 |
Top Real Estate Agents in Forest Lake Estates, Gaithersburg
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Forest Lake Estates, Gaithersburg, MD. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Maryland Real Estate Commission (MREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12