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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rockville, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rockville, MD Housing Market Trends

With a population of 66,924, 26,536 total housing units (homes and apartments), and a median house value of $683,858, Rockville house prices are not only among the most expensive in Maryland, Rockville real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Rockville, accounting for 41.80% of the city's housing units. Other types of housing that are prevalent in Rockville include single-family detached homes ( 40.85%), row houses and other attached homes ( 15.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.01%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Rockville are three and four bedroom dwellings. The city has a mixture of owners and renters, with 54.56% owning and 45.44% renting.

There is a lot of housing in Rockville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rockville built between 1940-1969 ( 32.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 30.67%). There's also some housing in Rockville built before 1939 ( 3.06%).

Rockville Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Rockville, where house values have increased just 48.09%, which is annualized rate of 4.00%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Rockville's appreciation rate, at 4.15%, has been at or slightly above the national average. In the latest quarter, Rockville's appreciation rate has been 4.78%, which annualizes to a rate of 20.52%.

Importantly, this makes Rockville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Maryland, our data show that Rockville's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rockville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rockville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rockville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$683,858

Rockville, MD Home Prices
> $1,279,000
$959,001 - $1,279,000
$639,001 - $959,000
$512,001 - $639,000
$384,001 - $512,000
$255,001 - $384,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
3.0%
3.0%
15.7%
15.7%
37.5%
37.5%
16.9%
16.9%
13.7%
13.7%
5.4%
5.4%
6.2%
6.2%
1.0%
1.0%
0.5%
0.5%
0% 100.0%
% of Homes
Very High

for Maryland

Very High

for nation

Number of Homes And Apartments:

26,536

Rockville Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,169 / per month

Homeownership Rate

Owners
Renters
Vacant
54.6%
54.6%
45.4%
45.4%
5.3%
5.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
30.7%
30.7%
34.1%
34.1%
32.2%
32.2%
3.1%
3.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
40.8%
40.8%
15.4%
15.4%
2.0%
2.0%
41.8%
41.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.9%
2.9%
18.0%
18.0%
24.4%
24.4%
24.6%
24.6%
23.4%
23.4%
6.8%
6.8%
0% 100.0%
% of Homes