Derwood, Maryland.
Typical home $621,459 (-0.0% in a year), asking rent $2,864 (+1.1%). Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
to buy the typical home at today's mortgage rate — +$1,476 (+83%) since Jan 2020.
- 1 year
- Down $236 -0%
- $621,695$621,459 since Sep 2025
- 5 years
- Up $61,364 +11%
- $560,094$621,459 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Derwood$3,262
- Maryland$2,230
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 33 years.
Typical home values in Derwood, MD fell 0.0% over the past year — slower than the nation's +1.2%.
Asking rents in Derwood, MD rose 1.1% over the past year — slower than the nation's +2.7%.
Owning the typical home in Derwood runs $1,511/mo more than renting one. The gap peaked at $1,775 in Apr 2025.
That is $4,375 a month against $2,864 rent: a $3,262 mortgage payment, plus $448 property tax and $665 insurance & upkeep.
Owning vs renting — Derwood
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$4,375
- Renting$2,864
- Mortgage only$3,262
Property tax · $448/mo 0.87% of value a year — the ACS 2020-2024 median bill over the median home value for Montgomery County, MD
Insurance & upkeep · $665/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Derwood, Montgomery County, Maryland
Derwood, in Montgomery County, had 2,535 people in the 2020 census. Unemployment in Montgomery County was 3.5% in August 2026, and the county had 1.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Derwood is a small community in Montgomery County, Maryland, with a population that is modest next to the busy county around it. Homes here cost well above what is typical across much of the country, and rents are high too. A smaller share of people live below the poverty line than in many places, though the county's household incomes are among the stronger ones you will find.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in government, and in the building trades. Within Derwood, the largest workplaces include the Food and Drug Administration, AgNovos Bioscience, and a FedEx air cargo site. The typical commute is a fairly long one, and the county has seen slightly fewer jobs than a year earlier, with unemployment a little lower than it was a year ago.
Things to do. The city of Washington, a longer drive away, holds most of the area's best-known sights. The National Mall is a long public park lined with monuments and memorials, and the Smithsonian Institution runs a family of museums, including the National Museum of Natural History. The National Zoological Park, also a longer drive away, is a good choice for an easy day out. Winters here are cold, summers warm, and rain and melted snow fall steadily through the year.
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- 820households
- 7%below the poverty line
- 34 mintypical commute
What residents work in
Employed residents by industry, from the Census survey. Montgomery County had 456,358 jobs in 2025, 1.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 27°; warmest in July, with highs near 87° and lows near 69°. About 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Rockville Northeast weather station, under a mile away (NOAA).
Largest workplaces in Derwood
- FedEx 7331 CALHOUN PLACETransportation air cargo193
- Verbal BeginningsHome health care agencies46
- Dimensional Marble & TileCountertops, stone, manufacturing34
- Food and Drug AdministrationFederal government · Department of Health and Human Services34
- AgNovos Bioscience (HQ)Surgical implants manufacturing33
- American Red Cross - 15601 Crabbs Branch WAY30
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 5 workplaces with 20 or more staff, 336 people in all. Federal offices come from OPM's federal workforce data (2026). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- HurricanesRelatively moderate
- HailRelatively moderate
- Strong windRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Derwood’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Montgomery County and the Washington-Arlington-Alexandria, DC-VA-MD-WV metro.
Derwood home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Derwood$621,459
- Maryland$424,890
- United States$366,157
Sellers are cutting prices on about 1 in 3 Derwood listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Derwood31.04%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Derwood35
New listings per month
Sellers arriving at the market.
- Derwood13
Zip codes with a Derwood address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Derwood — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.