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Frederick vs Rockville:
Housing Costs in Maryland

Side-by-side comparison of home prices, mortgage payments, and housing costs between Frederick and Rockville, Maryland. Using Maryland's 1.09% property tax rate and $1,700/year insurance. Updated for 2026.

MetricFrederickRockville
Median Home Price$415K$575K
Population78,17168,401
Average Rent$1,650/mo$2,150/mo
Est. Monthly Mortgage (P&I)$2,361/mo$3,271/mo
Est. Monthly Property Tax$377/mo$522/mo
Est. Monthly Insurance$142/mo$142/mo
Est. Total PITI$3,035/mo$4,151/mo
Price-to-Rent Ratio21.022.3
Verdict

Frederick edges out Rockville in affordability, saving you roughly $1,116/month on total housing costs. Both cities are in Maryland, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Maryland's 1.09% property tax rate.

Frederick
Home Price$415,000
Down Payment (10%)$41,500
Loan Amount$373,500
Monthly P&I$2,361
Monthly Property Tax$377
Monthly Insurance$142
Monthly PMI$156
Total PITI$3,035/mo
Annual property tax: $4,524
Rockville
Home Price$575,000
Down Payment (10%)$57,500
Loan Amount$517,500
Monthly P&I$3,271
Monthly Property Tax$522
Monthly Insurance$142
Monthly PMI$216
Total PITI$4,151/mo
Annual property tax: $6,268

Buying in Frederick saves you approximately $1,116/month ($13,392/year) compared to Rockville, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Frederick is the better choice for first-time buyers, with a median price of $415K versus $575K in Rockville. That's $160K less to save for a down payment. You'd need roughly $15K for an FHA 3.5% down payment in Frederick, compared to $20K in Rockville. Maryland offers the MD Mortgage Program program (Up to $25,000 DPA) which applies in both cities.

Real Estate Investment

Frederick has the better price-to-rent ratio at 21.0x versus 22.3x in Rockville. A lower ratio generally signals better rental income relative to purchase price. Average rent in Frederick is $1,650/month on a $415K median home, making it a stronger candidate for buy-and-rent investors.

Families

Frederick (pop. 78,171) offers more amenities, schools, and services typical of a larger city, while Rockville (pop. 68,401) may offer a quieter, more community-oriented lifestyle. Frederick offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.

Income Needed to Afford the Median Home

Frederick
$130K
annual household income
Based on $3,035/mo PITI at 28% DTI
Rockville
$178K
annual household income
Based on $4,151/mo PITI at 28% DTI

Other Cities in Maryland

Baltimore$225K
Pop. 585,708 · Rent $1,350/mo
Annapolis$485K
Pop. 40,812 · Rent $1,850/mo
College Park$385K
Pop. 32,303 · Rent $1,550/mo
Hagerstown$265K
Pop. 44,371 · Rent $1,220/mo
Bowie$445K
Pop. 58,025 · Rent $1,750/mo
Salisbury$255K
Pop. 33,618 · Rent $1,180/mo
Laurel$395K
Pop. 29,567 · Rent $1,580/mo
Cumberland$145K
Pop. 20,306 · Rent $820/mo

Explore Maryland

Maryland Mortgage Guide$420K median →
1.09% tax · $11K closing · $1,700/yr insurance
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