Rockville, Maryland Housing Market Prices
Rockville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 20% below the Maryland median$213,984
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Median rent 33% above the Maryland median$2,261
Housing Market Overview
| Metric | Rockville | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,984 | $267,101 | $248,835 |
| Price Trend (Annual %) | -6.5% | 3.4% | 7.5% |
| Median Gross Rent | $2,261 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rockville is about 20% lower than in Maryland. Rent is about 33% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Rockville: home prices fell about 6.5% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
Median rent in Rockville rose about 27.4% between 2015 and 2024, from $1,774 to $2,261. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Rockville.
Buying the median-priced home in Rockville costs roughly 7.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rockville. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Rockville | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,984 | $267,101 | $248,835 |
| Median Household Income | $128,971 | $103,916 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rockville fell about 60.0%, while median household income rose about 41.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Rockville | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.3% | 62.4% | 58.5% |
| Rental Rate | 42.6% | 29.9% | 31.2% |
| Vacancy Rate | 5.1% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Rockville has a homeownership rate of 52.3%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 5.1%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Rockville | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1980 | 1977 | 1978 |
| Median Number of Rooms | 5.5 | 6.2 | 5.5 |
The typical housing unit in Rockville was built around 1980. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Rockville, MD Housing Compared With Nearby Cities
How Rockville, MD compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rockville, MD | 60,580 | $213,984 #3/3 | $2,261 #1/3 | 55.1% #2/3 |
| North Bethesda, MD | 50,620 | $536,379 | $2,208 | 49.1% |
| Aspen Hill, MD | 53,456 | $508,106 | $1,905 | 65.7% |
Frequently Asked Questions
Common questions about the housing market in Rockville, Maryland.
What is the median home price in Rockville, Maryland?
The median home price in Rockville, Maryland is $213,984, lower than the Maryland average of $267,101.
What is the average home price in Rockville, Maryland?
The typical home price in Rockville, Maryland, reported as the median sale price, is $213,984. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Rockville, Maryland?
The median gross rent in Rockville, Maryland is $2,261 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Rockville in 2020?
In 2020, the median gross rent in Rockville, Maryland was $1,875 per month.
What is the price-to-rent ratio in Rockville, Maryland?
The price-to-rent ratio in Rockville, Maryland is about 7.9, meaning it would take roughly 7.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Rockville.
Are home prices or rent rising faster in Rockville, Maryland?
Home prices and rent are moving in opposite directions in Rockville: home prices fell about 6.5% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Rockville, Maryland?
52.3% of households in Rockville, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Rockville, Maryland?
The housing vacancy rate in Rockville, Maryland is 5.1%, lower than the Maryland average of 7.7%.
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