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Residential Housing

The City of Rockville is a much sought after location to live and raise a family. Below is information on the residential real estate market.

Rockville Housing Market

  • Average Listing Price … $620,324
  • Average List Price, 1 bedroom … $322,427
  • Average List Price, 2 bedrooms … $376,346
  • Average List Price, 3 bedrooms … $524,733
  • Average List Price, 4 bedrooms … $640,324
  • Median Sales Price … $425,000

Source: trulia.com, week ending 6/26/13


Housing Cost and Availability

Starter Starter/ Upgrade Mid-Level Executive Number of Homes on Market Time on Market
$115,0000 – $250,000 $195,000 – $325,000 $300,000 – $550,000 $550,000 – $1,250,000 91 1 – 265 days; average days for properties sold is 14
1-3 bedrooms, 1-3 baths, condo, townhouse, single family 2-3 bedrooms, 2-3 baths, condo, townhouse, single family 2-4 bedrooms, 2-4 baths, condo, townhouse, single family 3 to 5+ bedrooms, 4+ baths, single family

Source: Hillstrom Real Estate Services (MLS Listings), July 2013


Rental Housing Costs

Single Family Homes Townhomes Apartments
$1250-1550 (1 bedroom, 1 bath) $1200 to $2500 (1-2 bedrooms, 2 baths) $1250 – $1850 (1 bedroom, 1 bath)
$1,500 to $2,800 (3 – 5 bedrooms, 2 baths) $2000 to $3500 (3-4 bedrooms, 3-4 baths) $1400 – $2600 (2-3 bedrooms, 1-2 baths)
$2,500 – $4,800 (4-5 bedrooms, 3+ baths)

Source: Hillstrom Real Estate Services (MLS Listings), July 2013


Cost of Living

This index compares the relative cost of living in different locations. Using the United States as the base location (i.e. a value of 100), an index value of 120 means that the cost of living in that particular community is 20 percent higher than in the base location; a value of 94 indicates a more affordable location.

Location Cost of Living Index
Washington, DC 143
Chicago, IL 107
Boston, MA 149
New York, NY 169
Raleigh, NC 102
San Diego, CA 143
Rockville, MD 151

Source: Sperling’s Best Places (www.bestplaces.net), July 2013; the total of all cost of living categories is weighted as follows: 30% housing, 15% groceries, 10% transportation, 6% utilities, 7% health care, and 32% miscellaneous (clothing, services, entertainment); state and local taxes are not included.

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