Rockville, MD

Population: 64,072
Average annual home appreciation rate: 3.85%
Total of homes for sale in this market: 691
Median home price: $495,234
Median Rent: $1,900 per room
Home price range: 32.95% of homes are between $527,001 – $791,000
Median sales price: $444,900
Number of homes: 116
Median foreclosure sales price: $300,000
Foreclosure discount: $114,750 ( 27.7% )
Most common home type: 45.48% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.48%
Number of renters: 41.19%
Number of owner occupied: 58.81%
Number people living below poverty level: 5.85%
Unemployment rate: 4.1%
Is this area perfect for real estate deals going on right now? Appreciation rates in Rockville have dropped significanlty,in the past year, but are still showing in the positive. Savvy investors realize that this could help control home prices a little better. With a growing renter population, buy and hold properties could lead to investment opportunities in the future in Rockville.

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