Prince Frederick, MD—20678
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prince Frederick, MD
As of Oct '25, the median home price in Prince Frederick, MD is $465,000, with a year-over-year change of 3.2%. This indicates that home prices in Prince Frederick, MD are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $465,000 | 3.2% |
| Single Family | $468,000 | 2.9% |
| Condos | N/A | N/A |
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 | $406,000 | 1.8% |
4 Bed | $578,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Prince Frederick, MD
As of July '25, Rentcast reports the average rent in Prince Frederick, MD is $2,190, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Prince Frederick, MD is 1-bedrooms: $1,210, 2-bedrooms: $1,530, 3-bedrooms: $2,690, 4-bedrooms: $2,750. The most common rental property sizes in Prince Frederick, MD are 2-bedroom and 1-bedroom, accounting for 39.6% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,090 | $1,210 |
| 2 Bed Rent | $1,050 | $1,530 |
| 3 Bed Rent | $2,680 | $2,690 |
| 4 Bed Rent | $2,800 | $2,750 |
% of Rental Stock
Property Listings — Prince Frederick, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Prince Frederick, MD is 34. This is a increase of 3.0% 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 | $564,000 | 13.0% |
Listing Count | 47 | -4.0% |
| Listings as % of Homes | 0.6% | -4.0% |
Days on Market | 34 | 3.0% |
Demographics — Prince Frederick, MD
As of the latest ACS Survey released in 2023, Prince Frederick, MD has a population of 12,700, which has increased by 2.2% over the past 5 years. Prince Frederick, MD is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 2.2% |
% Under 18 | 20.4% | -6.8% |
% Seniors | 16.5% | 5.8% |
% WFH | 11.5% | 117.0% |
% w/ College Degree | 29.8% | 36.7% |
As of the latest ACS Survey released in 2023, Prince Frederick, MD is a predominantly white area, with 65.8% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Prince Frederick, MD is black, making up 16.7% of the population. Foreign-born residents account for 6.2% of the population in Prince Frederick, MD, and this percentage has increased by 59.0% 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 | 65.8% | -3.5% |
% Black | 16.7% | -18.1% |
% Hispanic | 8.1% | 28.6% |
% Asian | 2.9% | 31.8% |
% Foreign Born | 6.2% | 59.0% |
Mortgage and Risk — Prince Frederick, MD
According to HUD data as of 2023, there were 213 mortgage originations in Prince Frederick, MD, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Prince Frederick, MD. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 213 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Prince Frederick, MD
As of 2024, the percent of homes in Prince Frederick, MD under the Section 8 program is 27.0%. This is considered high, suggesting that the neighborhood is heavily 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 Prince 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 | 271 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | 27.0% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,090 | $1,250 |
| 2 Bedroom | $360 | $1,050 | $1,410 |
| 3 Bedroom | -$920 | $2,680 | $1,760 |
| 4 Bedroom | -$720 | $2,800 | $2,080 |
Affordability — Prince Frederick, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $465,000 |
| Median Household Income | $118,000 |