Living in Derwood, Maryland
Cost of living, income, home prices, rent and demographics of Derwood · Census data 2020–2024
Derwood has 1,984 residents with a median age of 38.9. The median household income is $118,194 (14% higher than the Maryland median), the median home value is $719,800, the median rent is $1,676/month.
Derwood at a glance
- Population
- 1,984
- Median age
- 38.9State: 39.4
- Median household income
- $118,194State: $103,678
- Median home value
- $719,800State: $419,900
- Median rent
- $1,676/moState: $1,705
- Homeowners
- 58%
- Bachelor's degree or higher
- 55.8%
- Average commute
- 34 min
Is Derwood a good place to live?
Pros: Median household income 14% higher than the Maryland median; a poverty rate of 7%.
Cons: Home values 71% higher than the state median; an average commute of 34 minutes; unemployment of 14.6%.
The weather is best in May–June and August–September.
Cost of living in Derwood
Housing is the biggest part of the cost of living. In Derwood the median home value is $719,800, 116% higher than the U.S. median. Renters pay a median of $1,676 per month, which is 30.4% of household income. Homeowners with a mortgage pay $2,643 a month in housing costs.
Derwood median household income
The median household income in Derwood is $118,194 and the income per person is $58,592. 7% of residents live below the poverty line (Maryland: 9.4%).
Housing in Derwood: homes for sale and rent
- Housing units
- 820
- Owner-occupied
- 58%
- Renter-occupied
- 42%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.42
Derwood demographics
- Population
- 1,984
- Median age
- 38.9
- Under 18
- 20.6%
- 65 and older
- 21.5%
- Households
- 820
- Foreign-born
- 24.7%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Derwood ›
Education in Derwood
55.8% of adults 25 and older in Derwood have a bachelor's degree or higher (Maryland: 43.4%), and 27.7% have a graduate or professional degree.
Jobs and commute in Derwood
- Unemployment rate
- 14.6%State: 4.9%
- Average commute
- 34 minState: 31 min
- Work from home
- 27%
- Drive alone
- 53.6%
- Public transit
- 12.5%
- Walk to work
- 0%
- Homes with broadband
- 93.7%
Derwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Derwood | 1,984 | $118,194 | $719,800 | $1,676 |
| Redland | 18,665 | $132,153 | $540,200 | $2,221 |
| Rockville | 67,671 | $128,649 | $682,300 | $2,274 |
| Washington Grove | 577 | $134,583 | $612,700 | — |
| Gaithersburg | 69,825 | $112,467 | $496,500 | $2,058 |
| Aspen Hill | 53,279 | $111,575 | $570,000 | $1,916 |
| Flower Hill | 13,794 | $112,975 | $463,500 | $2,137 |
| Leisure World | 8,882 | $62,011 | $274,800 | $2,054 |
| Olney | 35,797 | $171,458 | $656,600 | $2,404 |
More for people moving to Derwood
Derwood ZIP code ›Weather and climate ›Living in Derwood: FAQ
What is the median household income in Derwood, MD?
The median household income in Derwood is $118,194, 14% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Derwood?
The median home value in Derwood is $719,800, compared with $419,900 in Maryland.
How much is rent in Derwood?
The median gross rent in Derwood is $1,676 per month, about 30.4% of household income.
Is Derwood, MD a good place to live?
Pluses: median household income 14% higher than the Maryland median; a poverty rate of 7%. Minuses: home values 71% higher than the state median; an average commute of 34 minutes; unemployment of 14.6%.
What is the median age in Derwood?
The median age in Derwood is 38.9 years (Maryland: 39.4).
How long is the commute in Derwood?
The average commute to work in Derwood is 34 minutes; 27% of workers work from home.
What is the unemployment rate in Derwood?
The unemployment rate in Derwood is 14.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Derwood?
55.8% of adults in Derwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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