CALCMONEY // HOME AFFORDABILITY // MD // ROCKVILLE
How much house can you afford in Rockville? Based on local median home prices, current MD mortgage rates, and Rockville property tax data.
$680,000
$4,274/mo
$183,176/yr
$400,218
Monthly housing costs of $4,274 represent 42.7% of Rockville's median gross monthly income ($10,000/mo). At 42.7%, median-income buyers in Rockville are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $680,000 |
| Down Payment (20%) | $136,000 |
| Loan Amount | $544,000 |
| Monthly PI Payment | $3,583 |
| Monthly Property Tax | $408 |
| Monthly Insurance Est. | $283 |
| Total Monthly PITI | $4,274 |
| Housing Cost % of Income | 42.7% |
| Required Income (28% rule) | $183,176/yr |
| Max Affordable Home | $400,218 |
$23,800
$5,478/mo
Rockville Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $680,000 | Rockville city median |
| Down Payment (20%) | $136,000 | Conventional loan |
| Monthly PITI | $4,274 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $183,176 | Annual gross |
| Max Affordable Home | $400,218 | Based on median income |
| FHA Down (3.5%) | $23,800 | Minimum FHA |
| Housing Cost % of Income | 42.7% | Median income: $120,000/yr |
| Property Tax Rate | 0.72% | $4,896/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Rockville is $680,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $544,000, generating a monthly P&I payment of $3,583. Adding property taxes ($408/mo) and homeowners insurance ($283/mo) brings total monthly PITI to $4,274.
Rockville's property tax rate of 0.72% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Rockville median home, that is $408/month, or $4,896 per year.
Maryland levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Rockville should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Rockville's median income of $120,000/year can afford up to $2,800/month in total housing costs. Based on Rockville's mortgage rate of 6.9% and property tax rate of 0.72%, that translates to a maximum affordable home price of approximately $400,218 with 20% down on a 30-year loan.
To afford the median Rockville home priced at $680,000, you need an annual gross income of approximately $183,176. Total monthly housing costs (principal and interest of $3,583, property taxes of $408, and insurance of $283) come to $4,274/month, which equals 28% of the required income.
At the median home price of $680,000 and median household income of $120,000, the total monthly housing cost of $4,274 represents 42.7% of gross monthly income. This is well above the standard 28% threshold, making Rockville a challenging market for buyers at median income.
A conventional 20% down payment on the median Rockville home of $680,000 is $136,000. An FHA loan requires just 3.5% down — $23,800 — but adds mortgage insurance of roughly $465/month, bringing total FHA payments to $5,478/month.
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