Home prices
The cost of the median home in Redland is $418,500. Compared to nearby areas this is roughly $71,240 (14%) lower.Compared to the entire country it is roughly $201,000 (92%) higher, and it is roughly $183,000 (30%) lower in comparison to the city of Washington.
Rents
The median monthly rent in Redland is $1,736. In comparison to nearby areas this is approximately $32 (1%) higher.It is about $674 (63%) higher in comparison to the rest of the nation, and it is roughly $195 (12%) higher in comparison to the city of Washington.
Nearby places
Derwood
Derwood is Redland's neighbor to the south. Housing prices there are a little more expensive. Derwood's median home cost is $563,700, which comes out to $145,200 (25%) higher than Redland. Rent there is substantially less expensive. In Derwood the median rent is $1,160 a month, which comes out to $576 (49%) lower than Redland.
Washington Grove
Washington Grove is Redland's neighbor to the west. Real estate prices there are a bit more expensive. The price of the median home in Washington Grove is $446,400, which works out to $27,900 (6%) higher than Redland. The rent there is pretty similar. The median monthly rent in Washington Grove is $1,750, which is very similar to Redland.
Gaithersburg
Gaithersburg is Redland's neighbor to the west. The real estate prices there are somewhat less expensive. The median home value in Gaithersburg is $392,200, which comes out to $26,300 (6%) lower than Redland. Its rents are pretty similar. The median monthly rent in Gaithersburg is $1,740, which is very similar to Redland.
Rockville
Rockville is Redland's neighbor to the south. The housing prices there are somewhat more expensive. The price of the median home in Rockville is $540,000, which works out to $121,500 (22%) higher than Redland. Rent there is a little more expensive. Rockville's median rent is $1,921 a month, which works out to $185 (9%) higher than Redland.
Olney
Olney is roughly 3 miles east from Redland. Its real estate prices are a little more expensive. The median home in Olney costs $506,400, which comes out to $87,900 (17%) higher than Redland. Rents there are somewhat more expensive. In Olney the median rent is $1,948 per month, which comes out to $212 (10%) higher than Redland.
