Derwood, MD
Population 1,830 · Maryland
About Derwood, MD
Derwood is a small town located in Maryland with a population of 1,830 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,000 per year, which is 24% above the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Derwood features a median home value of $633,200, which is 159% above the national median of $244,900. This places Derwood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,200, 89% above the national average of $1,163/month. Of the 764 total housing units, 57% are owner-occupied (432 units) and 43% are renter-occupied (332 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Derwood shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Derwood have an average one-way commute time of 37.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
60.5% of Derwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 4.0% White, 3.3% Hispanic or Latino, 1.9% Black or African American, and 8.3% Asian residents, with 22.5% of the population being foreign-born.
Cost of Living in Derwood, MD
Compared to national averages, Derwood has a median household income of $93,000 (24% above the national median of $75,149). Home values average $633,200, which is 159% above the national median. Monthly rent at $2,200 is 89% above the US average of $1,163. Within Maryland, Derwood's income is 14% below the state average of $107,956, and home values are 57% above the state median of $402,447.
Why Live in Derwood, MD?
Derwood offers a strong local economy with a median household income of $93,000, well above the national average, and a well-educated community where 60.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $633,200. However, Derwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Derwood has a population of 1,830 with a median age of 38.8 years. Compare Derwood with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Derwood
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kingstown | 1,836 | $90,288 | $282,500 | Compare |
| Chevy Chase Village | 1,860 | $250,001 | $2,000,001 | Compare |
| Westernport | 1,864 | $52,059 | $85,800 | Compare |
| Cedar Heights | 1,748 | $49,858 | $300,400 | Compare |
| Hancock | 1,715 | $39,375 | $175,000 | Compare |
| Romancoke | 1,705 | $118,077 | $397,200 | Compare |
| Crownsville | 1,701 | $146,486 | $885,600 | Compare |
| Baden | 1,968 | $146,486 | $554,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Derwood With Other Cities
Frequently Asked Questions about Derwood
What is the population of Derwood, MD?
The population of Derwood, MD is 1,830 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Derwood?
The median household income in Derwood, MD is $93,000 per year, which is 24% above the national median of $75,149.
What is the median home value in Derwood?
The median home value in Derwood, MD is $633,200, which is 159% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Derwood?
The median monthly rent in Derwood, MD is $2,200, which is 89% above the national average of $1,163/month.
What is the unemployment rate in Derwood?
The unemployment rate in Derwood, MD is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Derwood, MD a good place to live?
Derwood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,830 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Derwood, MD?
60.5% of residents in Derwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Derwood?
Key cost-of-living indicators for Derwood, MD: median home value is $633,200 (159% above national), median rent is $2,200/month, and median household income is $93,000. The home-value-to-income ratio is 6.8x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Derwood?
The poverty rate in Derwood, MD is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Derwood, MD?
Derwood's population is 4.0% White, 3.3% Hispanic or Latino, 1.9% Black or African American, 8.3% Asian, and 9.8% two or more races. 22.5% of residents are foreign-born.