Much like the surrounding areas, it's substantially more expensive compared to the nation as a whole. However compared to the city of Washington, it is a little less expensive.
Home prices
Washington Grove's median home cost is $446,400. This is is very similar compared to the surrounding areas.It is roughly $228,900 (105%) higher compared to the entire nation, and is approximately $155,100 (25%) lower compared to the city of Washington.
Rents
In Washington Grove the median monthly rent is $1,750. Compared to its surrounding areas this is about $112 (6%) higher.It is about $688 (64%) higher compared to the United States as a whole, and it is approximately $209 (13%) higher in comparison to the city of Washington.
Nearby places
Redland
Redland is Washington Grove's neighbor to the east. The housing prices there are somewhat less expensive. Redland's median home value is $418,500, which works out to $27,900 (6%) lower than Washington Grove. The rent there is similar. Redland's median rent is $1,736 per month, which is very similar to Washington Grove.
Gaithersburg
Gaithersburg is Washington Grove's neighbor to the west. Housing prices there are a bit less expensive. The price of the median home in Gaithersburg is $392,200, which works out to $54,200 (13%) lower than Washington Grove. Rents there are similar. Gaithersburg's median monthly rent is $1,740, which is very similar to Washington Grove.
Derwood
Derwood is about 2 miles southeast from Washington Grove. The housing prices there are somewhat more expensive. Derwood's median home price is $563,700, which comes out to $117,300 (20%) higher than Washington Grove. Rent there is substantially less expensive. In Derwood the median rent is $1,160 a month, which works out to $590 (50%) lower than Washington Grove.
Montgomery Village
Montgomery Village is approximately 2 miles north from Washington Grove. Its housing prices are a lot less expensive. The price of the median home in Montgomery Village is $305,400, which works out to $141,000 (46%) lower than Washington Grove. Rents there are somewhat less expensive. The median monthly rent in Montgomery Village is $1,631, which works out to $119 (7%) lower than Washington Grove.
Rockville
Rockville is about 4 miles south of Washington Grove. Its real estate prices are a little more expensive. Rockville's median home value is $540,000, which comes out to $93,600 (17%) higher than Washington Grove. The rent there is somewhat more expensive. Rockville's median rent is $1,921 per month, which works out to $171 (8%) higher than Washington Grove.
