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 66,980, 24,755 total housing units (homes and apartments), and a median house value of $558,506, 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 44.35% of the city's housing units. Other types of housing that are prevalent in Rockville include large apartment complexes or high rise apartments ( 36.55%), row houses and other attached homes ( 17.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.93%).
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 58.07% owning and 41.93% 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 ( 35.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.06%). There's also some housing in Rockville built before 1939 ( 2.08%).
Real estate appreciation rates in Rockville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.21% during the period.
NeighborhoodScout's data show that during the latest twelve months, Rockville's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Rockville's appreciation rate has been 0.46%, which annualizes to a rate of 1.85%.
Notably, Rockville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Rockville's latest annual appreciation rate is higher 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.
|$839,001 - $1,119,000||11.6|
|$559,001 - $839,000||32.9|
|$448,001 - $559,000||14.0|
|$336,001 - $448,000||22.0|
|$224,001 - $336,000||10.2|
|$112,001 - $224,000||6.2|
|$56,001 - $112,000||0.2|
|$0 - $56,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Rockville HOMES|
|2000 or Newer||26.1|
|1970 - 1999||36.4|
|1940 - 1969||35.5|
|1939 or Older||2.1|
|TYPE OF Rockville HOMES|
|Small Apt. Buildings||1.9|
|SIZE OF Rockville HOMES|
|5 or more bedrooms||8.83|