The typical owner-occupied home in Rockville is worth about $682,300, 62% above the Maryland median of $419,900 and 2.1 times the national median of $332,700. Owners pay a median $6,719 a year in property taxes, about 0.98% of their home's value, close to the Maryland rate of 0.97%. The median household earns $128,649 a year, so the median home costs 5.3 times the median income (4.1 times for Maryland). 53% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Rockville at a glance
| Rockville | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $682,300 | $419,900 | $332,700 |
| Median property tax paid per year | $6,719 | $4,093 | $3,119 |
| Property tax as a share of value | 0.98% | 0.97% | 0.94% |
| Median household income | $128,649 | $103,678 | $80,734 |
| Homes lived in by their owners | 53% | 68% | 65% |
| Owner homes with a mortgage | 67% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $3,035 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 20.5% | 21.0% |
| Median rent | $2,274 | $1,705 | $1,413 |
| Rent as a share of renters' income | 30.9% | 30.8% | 30.6% |
| Median year homes were built | 1979 | 1979 | 1980 |
| Vacant homes | 4.6% | 7.7% | 10.1% |
| Population | 67,671 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Rockville
At this week's average 30-year rate of 7.11%, buying the median Rockville home of $682,300 with 20% down costs about $4,513 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,650, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $193,431 for the 20%-down payment. That payment is 42% of the median Rockville household income of $128,649; at that income and 20% down, the 28% guideline points to a home of about $454,000.
The median rent here is $2,274 a month, so owning the median home costs about $2,239 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $136,460 |
|---|---|
| Loan amount | $545,840 |
| Principal and interest | $3,672 |
| Property taxes (0.98% a year) | $557 |
| Homeowners insurance (our estimate, 0.5% a year) | $284 |
| PMI | $0 |
| Total per month | $4,513 |
Change the numbers in the calculator
| Down payment | $23,880 |
|---|---|
| Loan amount | $669,942 |
| Principal and interest | $4,507 |
| Property taxes (0.98% a year) | $557 |
| Homeowners insurance (our estimate, 0.5% a year) | $284 |
| FHA mortgage insurance | $302 |
| Total per month | $5,650 |
Change the numbers in the calculator
Questions about home buying in Rockville
What is the median home value in Rockville?
About $682,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rockville?
Homeowners pay a median $6,719 a year, which is about 0.98% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Rockville?
For the median home with 20% down at 7.11%, the payment is about $4,513 a month. Keeping that under 28% of gross income takes about $193,431 a year.
More about Rockville
- Mortgage Refinance in Rockville
- Debt Relief in Rockville
- Home Equity Loans in Rockville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data