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Derwood, MD

Population 1,992

0.4016% 1 Year Growth

Median Household Income $84,375

0% 1- Year Growth

Median Property Value $569.4K

1.7562% 1-Year Growth

About

In 2018, Derwood, MD had a population of $2K people with a median age of 52.9 and a median household income of $84,375. Between 2017 and 2018 thepopulation of Derwood, MD grew from 1,992 to 1,984, a 0.4016% increase and its mediam household income grew from $96,630 to $84,375, a 0% increase.
The 5 largest ethnic groups in Derwood, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Derwood, MD speak a non-English language, and 0.4016% are U.S. citizens.
The median property value in Derwood, MD is $1.07M, and the homeownership rate is 59%. Most people in Derwood, MD commute by Drove Alone, and the average commute time is 32.47 minutes. The average car ownership in Derwood, MD is 2 cars per household.

Housing & Living

The median property value in Derwood, MD was $569.4K in 2018, which is 4.65 times larger than the national average of $229,700. Between 2017 and 2018 the median property value increased from $994,400 to
$1.07M, a 7.48% increae. The homeownership rate in Derwood, MD is 59%, which is lower than the national average of 63.9%. People in Derwood, MD have an average commute time of 32.47 minutes, and they
commute by Drove Alone. Car ownership in Derwood, MD is approximately the same as the national average, with an average of 2 cars per household.

Property value

  • $569.4K 2018 median ± $84,375
  • $559,400 2017 Median ± $96,630

In 2018, the median propery value in Derwood, MD grew to $569.4K from the previous year's value of $559400.

The following charts display, first, the property values in Derwood, MD compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Derwood, MD the largest share of households have a property value in the N/A range.

economy

In 2018, Derwood, MD had a population of $2K people with a median age of 52.9 and a median household income of $84,375. Between 2017 and 2018 thepopulation of Derwood, MD grew from 1,984 to 1,992, a 0.4016% increase and its mediam household income grew from $96,630 to $84,375, a 0% increase.
The 5 largest ethnic groups in Derwood, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Derwood, MD speak a non-English language, and 0.4016% are U.S. citizens.
The median property value in Derwood, MD is $569.4K, and the homeownership rate is 59%. Most people in Derwood, MD commute by Drove Alone, and the average commute time is 32.47 minutes. The average car ownership in Derwood, MD is 2 cars per household.

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