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Frederick, MD—21701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$454,000
1.3% YoY Growth
Household Income
$102,000
29.2% YoY Growth
Days on Market
30
20.0% Longer YoY
Home Price Forecast
-1.2%
Median Rent
$2,250
2.6% YoY Growth
1-Bed Rent
$1,550
3.7% YoY Growth
2-Bed Rent
$1,800
10.1% YoY Growth
3-Bed Rent
$2,700
3.0% YoY Growth

Other Zip Codes in Frederick, MD

217022170321704
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Frederick, MD

As of May '26, the median home price in Frederick, MD is $454,000, with a year-over-year change of -1.3%. This indicates that home prices in Frederick, MD are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$454,000-1.3%
Single Family $472,000-1.5%
Condos $323,000-1.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $290,000
    -2.7%
    2 Bed
    		$336,000-0.9%
    3 Bed
    		$439,000-0.9%
    4 Bed
    		$548,000-1.6%
    5 Bed $750,082-1.5%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    12.6%
    2 Bedrooms
    24.9%
    3 Bedrooms
    33.9%
    4 Bedrooms
    21.5%
    5+ Bedrooms
    5.8%

    Rental Trends — Frederick, MD

    As of July '25, Rentcast reports the average rent in Frederick, MD is $2,290, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Frederick, MD is studios: $1,560, 1-bedrooms: $1,550, 2-bedrooms: $1,860, 3-bedrooms: $2,750, 4-bedrooms: $3,090. The most common rental property sizes in Frederick, MD are 2-bedroom and 1-bedroom, accounting for 37.7% and 36.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,250$2,290
    Studio Rent $1,700$1,560
    1 Bed Rent $1,550$1,550
    2 Bed Rent $1,800$1,860
    3 Bed Rent $2,700$2,750
    4 Bed Rent $2,950$3,090
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    % of Rental Stock

    Studio
    3.0%
    1 Bedroom
    36.5%
    2 Bedrooms
    37.7%
    3 Bedrooms
    13.5%
    4 Bedrooms
    7.6%
    5+ Bedrooms
    1.7%

    Property Listings — Frederick, MD

    As of May '26, Realtor.com reports that the median days on market for a home in Frederick, MD is 30. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$515,000-3.0%
    Listing Count
    		22829.0%
    Listings as % of Homes0.5%29.0%
    Days on Market
    		3020.0%
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    Demographics — Frederick, MD

    As of the latest ACS Survey released in 2023, Frederick, MD has a population of 41,300, which has increased by 11.2% over the past 5 years. Frederick, MD is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 49.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		41,30011.2%
    % Under 18
    		19.3%3.2%
    % Seniors
    		17.8%8.5%
    % WFH
    		19.0%258.5%
    % w/ College Degree
    		49.7%10.4%
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    As of the latest ACS Survey released in 2023, Frederick, MD is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Frederick, MD is black, making up 12.0% of the population. Foreign-born residents account for 9.8% of the population in Frederick, MD, and this percentage has increased by 15.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		70.8%-7.1%
    % Black
    		12.0%15.4%
    % Hispanic
    		8.0%-1.2%
    % Asian
    		3.4%13.3%
    % Foreign Born
    		9.8%15.3%
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    Mortgage and Risk — Frederick, MD

    According to HUD data as of 2023, there were 918 mortgage originations in Frederick, MD, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Frederick, MD. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		918
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Frederick, MD

    As of 2024, the percent of homes in Frederick, MD under the Section 8 program is 7.8%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Frederick, MD, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		822
    Total Units Section 8
    		488
    % Rentals under Section 8
    		7.8%
    % Occupied Section 8
    		85.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$70$1,550$1,620
    2 Bedroom$20$1,800$1,820
    3 Bedroom-$420$2,700$2,280
    4 Bedroom-$270$2,950$2,680

    Affordability — Frederick, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$454,000
    Median Household Income$102,000

    Frederick, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Walkersville, MD

    21793

    New Market, MD

    21774

    Libertytown

    21762

    Woodsboro, MD

    21798

    Frederick, MD

    21704

    Frequently Asked Questions