Frederick, MD—21702
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frederick, MD
As of Oct '25, the median home price in Frederick, MD is $456,000, with a year-over-year change of 1.3%. This indicates that home prices in Frederick, MD are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $456,000 | 1.3% |
| Single Family | $478,000 | 1.1% |
| Condos | $271,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 1.5% |
3 Bed | $420,000 | 1.4% |
4 Bed | $553,000 | 1.1% |
| 5 Bed | $681,000 | 0.4% |
% of Housing Stock
Rental Trends — Frederick, MD
As of July '25, Rentcast reports the average rent in Frederick, MD is $2,300, with a year-over-year rent change of 16.8%. Per bedroom, the median rent as of July '25 in Frederick, MD is 1-bedrooms: $1,620, 2-bedrooms: $1,730, 3-bedrooms: $2,540, 4-bedrooms: $2,900. The most common rental property sizes in Frederick, MD are 2-bedroom and 3-bedroom, accounting for 47.6% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,640 | $1,620 |
| 2 Bed Rent | $1,750 | $1,730 |
| 3 Bed Rent | $2,500 | $2,540 |
| 4 Bed Rent | $2,800 | $2,900 |
% of Rental Stock
Property Listings — Frederick, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Frederick, MD is 39. This is a increase of 26.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | 1.0% |
Listing Count | 193 | 10.0% |
| Listings as % of Homes | 0.8% | 10.0% |
Days on Market | 39 | 26.0% |
Demographics — Frederick, MD
As of the latest ACS Survey released in 2023, Frederick, MD has a population of 47,400, which has increased by 12.9% over the past 5 years. Frederick, MD is a moderately popular place for families, as children make up 23.9% of the population. The area has a moderately educated workforce, with 40.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,400 | 12.9% |
% Under 18 | 23.9% | -0.4% |
% Seniors | 14.8% | 9.6% |
% WFH | 16.5% | 175.0% |
% w/ College Degree | 40.5% | -1.2% |
As of the latest ACS Survey released in 2023, Frederick, MD is a predominantly white area, with 53.5% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Frederick, MD is hispanic, making up 21.3% of the population. Foreign-born residents account for 19.7% of the population in Frederick, MD, and this percentage has increased by 10.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.5% | -8.9% |
% Black | 16.0% | -14.4% |
% Hispanic | 21.3% | 52.1% |
% Asian | 5.3% | -1.9% |
% Foreign Born | 19.7% | 10.1% |
Mortgage and Risk — Frederick, MD
According to HUD data as of 2023, there were 1004 mortgage originations in Frederick, MD, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 43.0% 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. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,004 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Frederick, MD
As of 2024, the percent of homes in Frederick, MD under the Section 8 program is 14.2%. 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 Frederick, MD, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 942 |
Total Units Section 8 | 907 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,640 | $1,550 |
| 2 Bedroom | $0 | $1,750 | $1,750 |
| 3 Bedroom | -$310 | $2,500 | $2,190 |
| 4 Bedroom | -$220 | $2,800 | $2,580 |
Affordability — Frederick, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $456,000 |
| Median Household Income | $105,000 |