Frederick, MD—21704
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 $651,000, with a year-over-year change of 1.5%. 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 | $651,000 | 1.5% |
| Single Family | $668,000 | 1.2% |
| Condos | $467,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $546,000 | 0.9% |
4 Bed | $706,000 | 1.1% |
| 5 Bed | $922,000 | 0.0% |
% of Housing Stock
Rental Trends — Frederick, MD
As of July '25, Rentcast reports the average rent in Frederick, MD is $3,200, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Frederick, MD is studios: $1,550, 1-bedrooms: $1,750, 2-bedrooms: $2,550, 3-bedrooms: $3,100, 4-bedrooms: $3,500. The most common rental property sizes in Frederick, MD are 3-bedroom and 4-bedroom, accounting for 44.5% and 20.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,200 |
| Studio Rent | $1,550 | $1,550 |
| 1 Bed Rent | $1,820 | $1,750 |
| 2 Bed Rent | $2,550 | $2,550 |
| 3 Bed Rent | $3,050 | $3,100 |
| 4 Bed Rent | $3,350 | $3,500 |
% 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 35. This is a increase of 42.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $609,000 | 7.0% |
Listing Count | 70 | 80.0% |
| Listings as % of Homes | 1.0% | 80.0% |
Days on Market | 35 | 42.0% |
Demographics — Frederick, MD
As of the latest ACS Survey released in 2023, Frederick, MD has a population of 19,600, which has increased by 18.8% over the past 5 years. Frederick, MD is a popular place for families, as children make up 31.8% of the population. The area has a highly educated workforce, with 58.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | 18.8% |
% Under 18 | 31.8% | -0.3% |
% Seniors | 10.5% | 25.0% |
% WFH | 27.3% | 370.7% |
% w/ College Degree | 58.1% | 2.3% |
As of the latest ACS Survey released in 2023, Frederick, MD is a predominantly white area, with 52.1% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Frederick, MD is asian, making up 16.8% of the population. Foreign-born residents account for 21.5% of the population in Frederick, MD, and this percentage has increased by 27.2% 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 | 52.1% | -13.7% |
% Black | 12.6% | 24.8% |
% Hispanic | 13.5% | 20.5% |
% Asian | 16.8% | 20.9% |
% Foreign Born | 21.5% | 27.2% |
Mortgage and Risk — Frederick, MD
According to HUD data as of 2023, there were 487 mortgage originations in Frederick, MD, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Frederick, MD. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 487 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Frederick, MD
As of 2024, the percent of homes in Frederick, MD under the Section 8 program is 5.5%. 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, 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 | 85 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $830 | $1,820 | $2,650 |
| 2 Bedroom | $430 | $2,550 | $2,980 |
| 3 Bedroom | $680 | $3,050 | $3,730 |
| 4 Bedroom | $1,050 | $3,350 | $4,400 |
Affordability — Frederick, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $651,000 |
| Median Household Income | $164,000 |