Rockville, MD is a desirable area to live in due to its high housing median value of $564,900. This value is significantly higher than the US median house value of $338,100. The US saw a one-year appreciation of 8.27%, however Rockville experienced an even greater appreciation rate of 5.58%. These figures indicate that Rockville is a prime area for those looking to invest in real estate as the values are continuing to climb.
The median home cost in Rockville is $564,900. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Rockville is up 11.3%.
Average Age of Homes
- The median age of Rockville real estate is 39 years old
The Rental Market in Rockville
- Renters make up 38.8% of the Rockville population
- 1.7% of houses and apartments in Rockville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.