Median price for residential apartments in Derwood, MD as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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4 Derwood, MD 20855, USA apartments for sale
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Derwood
According to statistics, the population in Derwood, MD amounts to 1,984, which shows decline -1% compared to the previous year. The median age of the city’s residents is 52. The average household income is $96,630, shifting decline -1% from the past year, and the average property value in Derwood, MD decline 1% to $559,400 throughout the year.
| Population | 1,984 |
| Median Age | 52.4 |
| Poverty Rate | 15% |
| Household Income | $96,630 |
| Number Of Employees | 976 |
| Median Property Value | $559,400 |
Household Income
The average household income in Derwood, MD declined from $97,857 to $96,630 in the past year. This data is an estimate based upon 820 households in Derwood, MD . The chart below presents how household income is distributed in Derwood, MD in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Derwood, MD shifted from $556,200 to $559,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Derwood, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Derwood, MD properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Derwood, MD compared to median property taxes around the country. The prevalent amount of property taxes in Derwood, MD equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Derwood, MD 20855, USA
Average apartment sale in Derwood: $591,584 (+3%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| 3-bed apartments | $471,183 | +5.9% |
| 4+ bed apartments | $722,931 | +6.3% |
During Dec 2022, the average price for an apartment in/near Derwood, MD increased by 3% to $591,584.
A 3-bed apartment goes for $471,183, it increased by 5.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 6.3% and made it up to $722,931.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $719,261 | +0.4% |
| Townhouses for sale | $434,422 | +0% |
| Condos for sale | $683,990 | +41.9% |
Price reports demonstrate that house price increased by 0.4% this month making it up to $719,261. Condos are really in demand in this season. The median price for a condo increased by 41.9%, it’s now available for $683,990. Value of the townhouses didn’t change, the price still starts at $434,422.
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