According to statistics, the population in Rockville, MD amounts to 66,420, which shows growth 2% compared to the previous year. The median age of the city’s residents is 39. The average household income is $100,436, shifting decline -1% from the past year, and the average property value in Rockville, MD decline 0% to $498,200 throughout the year.
|Number Of Employees||35,706|
|Median Property Value||$498,200|
The average household income in Rockville, MD declined from $101,774 to $100,436 in the past year. This data is an estimate based upon 24,874 households in Rockville, MD . The chart below presents how household income is distributed in Rockville, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Rockville, MD shifted from $499,400 to $498,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Rockville, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Rockville, MD properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Rockville, MD compared to median property taxes around the country. The prevalent amount of property taxes in Rockville, MD equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Rockville, MD increased by 3.7% to $632,134.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 7.9% to $219,697. Asking price for 2-bed apartment also decreased by 10% and a place of this size will now cost you $332,142. A 3-bed apartment goes for $612,583, it increased by 5.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 11.3% and made it up to $871,598.
While assessing the property pricing Rockville, MD, you can note that it remains flat with a price tag of $405,000. Price reports demonstrate that house price increased by 12.8% this month making it up to $808,137. Condos faced an upward trend these days. The median price for a condo decreased by 15.2%, it’s now available for $342,001. An average value of duplex is $510,000, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it increased by 21.4%, the price tag now starts at $1,434,950. The property value of townhouses decreased by 0.3%, you’ll have to spend around $706,341 to get one.