Frostburg, MD—21532
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frostburg, MD
As of Oct '25, the median home price in Frostburg, MD is $173,000, with a year-over-year change of 6.0%. This indicates that home prices in Frostburg, MD are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | 6.0% |
| Single Family | $173,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | 5.5% |
3 Bed | $184,000 | 7.0% |
4 Bed | $230,000 | 6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Frostburg, MD
As of July '25, Rentcast reports the average rent in Frostburg, MD is $978, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Frostburg, MD is studios: $725, 1-bedrooms: $786, 2-bedrooms: $815, 3-bedrooms: $1,180, 4-bedrooms: $1,140. The most common rental property sizes in Frostburg, MD are 2-bedroom and 3-bedroom, accounting for 39.0% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $978 |
| Studio Rent | $725 | $725 |
| 1 Bed Rent | $763 | $786 |
| 2 Bed Rent | $850 | $815 |
| 3 Bed Rent | $1,200 | $1,180 |
| 4 Bed Rent | $1,080 | $1,140 |
% of Rental Stock
Property Listings — Frostburg, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Frostburg, MD is 77. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | 8.0% |
Listing Count | 41 | 75.0% |
| Listings as % of Homes | 0.5% | 75.0% |
Days on Market | 77 | -2.0% |
Demographics — Frostburg, MD
As of the latest ACS Survey released in 2023, Frostburg, MD has a population of 13,100, which has decreased by -12.9% over the past 5 years. Frostburg, MD is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 32.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,100 | -12.9% |
% Under 18 | 16.1% | -4.7% |
% Seniors | 17.1% | 7.5% |
% WFH | 8.9% | 394.4% |
% w/ College Degree | 32.5% | 33.7% |
As of the latest ACS Survey released in 2023, Frostburg, MD is a predominantly white area, with 89.0% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Frostburg, MD is black, making up 6.4% of the population. Foreign-born residents account for 2.6% of the population in Frostburg, MD, and this percentage has decreased by 7.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.0% | 3.6% |
% Black | 6.4% | -22.0% |
% Hispanic | 1.9% | -20.8% |
% Asian | 1.5% | -6.2% |
% Foreign Born | 2.6% | -7.1% |
Mortgage and Risk — Frostburg, MD
According to HUD data as of 2023, there were 213 mortgage originations in Frostburg, MD, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Frostburg, MD. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 213 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Frostburg, MD
As of 2024, the percent of homes in Frostburg, MD under the Section 8 program is 9.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Frostburg, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 258 |
Total Units Section 8 | 159 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $17 | $763 | $780 |
| 2 Bedroom | $120 | $850 | $970 |
| 3 Bedroom | $80 | $1,200 | $1,280 |
| 4 Bedroom | $380 | $1,080 | $1,460 |
Affordability — Frostburg, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $173,000 |
| Median Household Income | $60,200 |