Mortgage payment estimates, closing cost breakdowns, and homebuying data for Rockville, Maryland.
Pre-filled with Rockville median home price and Maryland tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maryland rates and fees applied to Rockville prices.
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.