Home Price Key
Affordable
Average
Expensive
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 $614,018, higher than the Maryland average of $357,815.
The average cost of rent is $1,407/mo in Derwood, primarily driven by the current value of real estate in the Derwood area. While nearly 30.06% of residents own their homes outright in Derwood, 18.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Derwood is $10,870 per month. Households that rent pay about 12.95% of their income on rent here. Derwood's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Redland, MD: less expensive homes
- Washington Grove, MD: less expensive homes
- Rockville, MD: equally priced homes
- Gaithersburg, MD: less expensive homes
- Olney, MD: less expensive homes
- Montgomery Village, MD: less expensive homes
- Aspen Hill, MD: less expensive homes
- Laytonsville, MD: higher priced homes
- Brookeville, MD: equally priced homes
- Sandy Spring, MD: equally priced homes
Cities with Similar Populations
- Point Pleasant, WV: less expensive homes
- Kayenta, AZ: less expensive homes
- Keene, TX: less expensive homes
- Kennebunkport, ME: less expensive homes
- Kenova, WV: less expensive homes
- Kentwood, LA: less expensive homes
- Kermit, TX: less expensive homes
- Lone Grove, OK: less expensive homes
- Longboat Key, FL: higher priced homes
- Los Ranchos de Albuquerque, NM: less expensive homes
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