Rockville, Maryland Real Estate & Housing Market

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Rockville Housing Information

Index	Rockville	Maryland	National
Median home price	$499,400	$290,400	$184,700
Median rent asked	$1,802	$1,264	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	58.2%	66.5%	63.6%
Renter occupied households	41.8%	33.5%	36.4%

Above is a snapshot look at the real estate market in Rockville, MD. In Rockville, MD, the median house price is $499,400, making the price 72% higher than that the average for Maryland. Therefore, the affordability of Rockville, MD area real estate is less affordable than the real estate in other areas of Maryland. In addition, Rockville, MD has a median rent price of $1,802; this price is 43% higher than that the average rental price for Maryland. 58.2% of residents in Rockville, MD are homeowners, and the average amount of people who reside in each home is 2.6. Rockville, MD has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Rockville, MD real estate for sale.

Rockville Home Affordability

When looking for real estate in Rockville, MD, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Rockville, MD, the median price of a home is $499,400 and $101,774 is the median household income. This means that the home price to income ratio is 4.9x, a ratio that is 29% higher than the average in Maryland. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Rockville, MD will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Rockville, MD.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Landover, MD	23,124	$169,000	9%
Colmar Manor, MD	1,635	$173,000	6%
Seat Pleasant, MD	4,721	$175,000	5%
Bladensburg, MD	9,505	$179,800	3%
Coral Hills, MD	10,087	$185,700	1%
Rockville, MD	65,171	$499,400	170%

Cities with similar population

City, State	Population	Home Price	National Avg.
Youngstown, OH	65,161	$43,300	77%
San Clemente, CA	65,082	$801,100	334%
Delray Beach, FL	65,044	$207,100	12%
Laguna Niguel, CA	64,984	$712,000	285%
Marysville, WA	64,955	$244,800	33%
Rockville, MD	65,171	$499,400	170%

Source: The Rockville, MD housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).