Mortgage payment estimates, closing cost breakdowns, and homebuying data for Rockville, Maryland.
Median Home Price
$575K
Population
68K
Avg Monthly Rent
$2,150
Property Tax Rate
1.09% *
* Property tax shown is the Maryland state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Rockville.
Rockville vs Maryland Median
The median home price in Rockville is $575,000, which is 37% above the Maryland state median of $420,000.
Mortgage Calculator — Rockville, MD
Pre-filled with Rockville median home price and Maryland tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $575K home using Maryland's 1.09% tax rate and $1,700/yr insurance.
5% Down
$4,435/mo
Down: $28,750
Loan: $546K
P&I: $3,453
Tax: $522
Insurance: $142
PMI: $319
10% Down
$4,237/mo
Down: $57,500
Loan: $518K
P&I: $3,271
Tax: $522
Insurance: $142
PMI: $302
20% Down (No PMI)
$3,571/mo
Down: $115,000
Loan: $460K
P&I: $2,908
Tax: $522
Insurance: $142
Income needed (28% rule): $153K/year with 20% down, $182K/year with 10% down.
Rent vs Buy in Rockville
Rent
$2,150/mo
vs
Buy (10% down)
$4,237/mo
Price-to-rent ratio: 22.3 — At a ratio above 20, renting may be more economical in Rockville for shorter stays. Buying costs $2,087 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Rockville is $575,000, 37% above the Maryland state median of $420,000. With a population of 68,401, Rockville is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $575,000 home in Rockville would carry roughly $522/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Rockville is $2,150/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Rockville is a higher-cost market. At $575K median, buyers need significant savings or strong income. Down payment assistance through Maryland's MD Mortgage Program program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Rockville.