Home prices
The median home cost in Derwood is $563,700. In comparison to other places in this area this is approximately $119,620 (26%) higher.It is about $346,200 (159%) higher in comparison to the rest of the country, and it is roughly $37,800 (6%) lower compared to the city of Washington.
Rents
The median monthly rent in Derwood is $1,160. Compared to its surrounding areas this is roughly $606 (34%) lower.Compared to the entire country it is approximately $98 (9%) higher, and it is approximately $381 (24%) lower compared to the city of Washington.
Nearby places
Redland
Redland is Derwood's neighbor to the north. The real estate prices there are a lot less expensive. The median home in Redland is valued at $418,500, which is $145,200 (34%) lower than Derwood. Rent there is a lot more expensive. Redland's median rent is $1,736 a month, which works out to $576 (33%) higher than Derwood.
Rockville
Rockville is approximately 2 miles south from Derwood. Its real estate prices are pretty similar. The cost of the median home in Rockville is $540,000, which is $23,700 (4%) lower than Derwood. Rents there are significantly more expensive. Rockville's median rent is $1,921 a month, which comes out to $761 (39%) higher than Derwood.
Washington Grove
Washington Grove is about 2 miles northwest of Derwood. Its real estate prices are a little less expensive. The median home in Washington Grove costs $446,400, which comes out to $117,300 (26%) lower than Derwood. The rent there is a lot more expensive. Washington Grove's median monthly rent is $1,750, which is $590 (33%) higher than Derwood.
Gaithersburg
Gaithersburg is roughly 3 miles northwest of Derwood. Real estate prices there are a lot less expensive. The median home cost in Gaithersburg is $392,200, which works out to $171,500 (43%) lower than Derwood. Its rents are significantly more expensive. In Gaithersburg the median rent is $1,740 a month, which comes out to $580 (33%) higher than Derwood.
Aspen Hill
Aspen Hill is roughly 3 miles southeast of Derwood. Its real estate prices are significantly less expensive. The median home price in Aspen Hill is $423,300, which works out to $140,400 (33%) lower than Derwood. Rent there is a bit more expensive. In Aspen Hill the median rent is $1,684 per month, which is $524 (31%) higher than Derwood.
