Frederick, MD—21703
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 $416,000, with a year-over-year change of 0.5%. This indicates that home prices in Frederick, MD are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | 0.5% |
| Single Family | $430,000 | 0.2% |
| Condos | $324,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $308,000 | -1.0% |
3 Bed | $394,000 | 0.8% |
4 Bed | $526,000 | -0.2% |
| 5 Bed | $667,000 | 0.5% |
% of Housing Stock
Rental Trends — Frederick, MD
As of July '25, Rentcast reports the average rent in Frederick, MD is $2,510, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Frederick, MD is studios: $2,130, 1-bedrooms: $1,600, 2-bedrooms: $2,080, 3-bedrooms: $2,570, 4-bedrooms: $2,870. The most common rental property sizes in Frederick, MD are 2-bedroom and 3-bedroom, accounting for 36.6% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,510 |
| Studio Rent | $2,130 | $2,130 |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,200 | $2,080 |
| 3 Bed Rent | $2,600 | $2,570 |
| 4 Bed Rent | $2,900 | $2,870 |
% 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 37. This is a increase of 53.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $422,000 | -1.0% |
Listing Count | 143 | 39.0% |
| Listings as % of Homes | 0.6% | 39.0% |
Days on Market | 37 | 53.0% |
Demographics — Frederick, MD
As of the latest ACS Survey released in 2023, Frederick, MD has a population of 41,800, which has increased by 15.2% over the past 5 years. Frederick, MD is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 42.9% 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 | 41,800 | 15.2% |
% Under 18 | 25.8% | 2.0% |
% Seniors | 10.3% | 1.0% |
% WFH | 16.5% | 236.7% |
% w/ College Degree | 42.9% | 17.2% |
As of the latest ACS Survey released in 2023, Frederick, MD is a predominantly white area, with 46.6% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Frederick, MD is hispanic, making up 20.9% of the population. Foreign-born residents account for 21.7% of the population in Frederick, MD, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.6% | -12.1% |
% Black | 18.0% | 15.4% |
% Hispanic | 20.9% | 6.1% |
% Asian | 8.2% | -4.7% |
% Foreign Born | 21.7% | 0.0% |
Mortgage and Risk — Frederick, MD
According to HUD data as of 2023, there were 767 mortgage originations in Frederick, MD, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Frederick, MD. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 767 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Frederick, MD
As of 2024, the percent of homes in Frederick, MD under the Section 8 program is 8.1%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Frederick, MD, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 548 |
Total Units Section 8 | 421 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,600 | $1,880 |
| 2 Bedroom | -$80 | $2,200 | $2,120 |
| 3 Bedroom | $50 | $2,600 | $2,650 |
| 4 Bedroom | $230 | $2,900 | $3,130 |
Affordability — Frederick, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $416,000 |
| Median Household Income | $105,000 |