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Affordable
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These days, finding an affordable place to live in the Derwood area can be challenging. Home prices in Derwood are now at a median cost of $780,820, higher than the Maryland average of $450,578.
The average cost of rent is $1,893/mo in Derwood, primarily driven by the current value of real estate in the Derwood area. In Derwood, 17.10% of households rent, and 29.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Derwood is $14,113 per month. Households that rent pay about 13.41% of their income on rent here. Derwood’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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