Frederick, MD—21701
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 $446,000, with a year-over-year change of 0.1%. This indicates that home prices in Frederick, MD are flat. 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 | $446,000 | 0.1% |
| Single Family | $463,000 | -0.4% |
| Condos | $322,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $282,000 | 3.3% |
2 Bed | $333,000 | 1.2% |
3 Bed | $433,000 | -0.5% |
4 Bed | $544,000 | -0.9% |
| 5 Bed | $743,000 | -0.4% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 36. This is a increase of 11.0% 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 | $513,000 | 4.0% |
Listing Count | 191 | 30.0% |
| Listings as % of Homes | 0.5% | 30.0% |
Days on Market | 36 | 11.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,300 | 11.2% |
% Under 18 | 19.3% | 3.2% |
% Seniors | 17.8% | 8.5% |
% WFH | 19.0% | 258.5% |
% w/ College Degree | 49.7% | 10.4% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $446,000 |
| Median Household Income | $102,000 |