Housing costs in Rockville?
A typical home costs
$465,700, which is 37.7% more expensive than the national average of
$338,100 and 20.0% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Rockville costs
$1,850 per month, which is 14.2% more than the national average of
$1,620 and close to the state average of
$1,820.
Can I afford Rockville?
To live comfortably in Rockville (zip 20851), Maryland, a minimum annual income of
$89,280 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Rockville?
The cost of living in 20851 Rockville, MD is relatively high. The median home price is nearly $490,000, which requires a hefty down payment and can be difficult for those with lower incomes to afford. Rent prices are also steep, averaging around $1,500 for a one-bedroom apartment. Additionally, groceries are more expensive than in other parts of the country due to increased taxes. However, for those who can afford it, living in Rockville comes with the benefit of access to top-notch schools and great transportation networks that connect the area to Washington D.C., Baltimore, and beyond.