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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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 68,268, 25,197 total housing units (homes and apartments), and a median house value of $619,190, 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.
Single-family detached homes are the single most common housing type in Rockville, accounting for 42.82% of the city's housing units. Other types of housing that are prevalent in Rockville include large apartment complexes or high rise apartments ( 38.30%), row houses and other attached homes ( 16.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.90%).
The most prevalent building size and type in Rockville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.66% owning and 44.34% 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 ( 34.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 27.04%). There's also some housing in Rockville built before 1939 ( 2.18%).
Appreciation rates for homes in Rockville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 28.48%, which ranks in the top 50% nationwide. This equates to an annual average Rockville house appreciation rate of 2.54%.
Over the last year, Rockville appreciation rates have trailed the rest of the nation. In the last twelve months, Rockville's appreciation rate has been 2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockville were at 1.04%, which equates to an annual appreciation rate of 4.24%.
Relative to Maryland, our data show that Rockville's latest annual appreciation rate is lower than 80% 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.
| Value Range | |
|---|---|
| > $1,109,000 | 2.3 |
| $832,001 - $1,109,000 | 13.9 |
| $554,001 - $832,000 | 35.5 |
| $443,001 - $554,000 | 15.1 |
| $333,001 - $443,000 | 20.0 |
| $222,001 - $333,000 | 6.7 |
| $111,001 - $222,000 | 5.2 |
| $55,001 - $111,000 | 0.5 |
| $0 - $55,000 | 0.8 |
| Value Relative to Nation | Value Relative to State |
|---|---|
| 4.8 | 8.27067669172932 |
| Homeownership | |
|---|---|
| Owners | 55.66 |
| Renters | 44.34 |
| Vacant | 4.98 |
| AGE OF Rockville HOMES | |
|---|---|
| 2000 or Newer | 27.0 |
| 1970 - 1999 | 36.0 |
| 1940 - 1969 | 34.7 |
| 1939 or Older | 2.2 |
| TYPE OF Rockville HOMES | |
|---|---|
| Single-Family | 42.8 |
| Townhomes | 16.7 |
| Small Apt. Buildings | 1.9 |
| Apt. Complexes | 38.3 |
| Mobile Homes | 0.1 |
| Other | 0.2 |
| SIZE OF Rockville HOMES | |
|---|---|
| No Bedroom | 2.24 |
| 1 Bedroom | 14.31 |
| 2 Bedrooms | 24.57 |
| 3 Bedrooms | 27.00 |
| 4 Bedrooms | 23.69 |
| 5 or more bedrooms | 8.19 |
