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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Frederick, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Frederick, MD Housing Market Trends

With a population of 82,175, 31,383 total housing units (homes and apartments), and a median house value of $438,168, Frederick real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Frederick, accounting for 32.02% of the city's housing units. Other types of housing that are prevalent in Frederick include single-family detached homes ( 31.38%), large apartment complexes or high rise apartments ( 30.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.92%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Frederick are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 57.10% owning and 42.90% renting.

There is a lot of housing in Frederick built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Frederick built between 2000 and later ( 27.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.09%). There's also some housing in Frederick built before 1939 ( 12.17%).

Frederick Home Appreciation Rates

Real estate appreciation rates in Frederick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.63% during the period.

Over the last year, Frederick appreciation rates have trailed the rest of the nation. In the last twelve months, Frederick's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Frederick were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Maryland, our data show that Frederick's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Frederick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Frederick - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Frederick real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$438,168

Frederick, MD Home Prices
> $1,276,000
$957,001 - $1,276,000
$638,001 - $957,000
$510,001 - $638,000
$383,001 - $510,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
0.8%
0.8%
2.2%
2.2%
10.7%
10.7%
19.7%
19.7%
25.6%
25.6%
31.4%
31.4%
7.8%
7.8%
0.5%
0.5%
1.3%
1.3%
0% 100.0%
% of Homes
Average

for Maryland

High

for nation

Number of Homes And Apartments:

31,383

Frederick Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,224 / per month

Homeownership Rate

Owners
Renters
57.1%
57.1%
42.9%
42.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.4%
5.4%
94.6%
94.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.0%
28.0%
44.8%
44.8%
15.1%
15.1%
12.2%
12.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
31.4%
31.4%
32.0%
32.0%
5.9%
5.9%
30.6%
30.6%
0.1%
0.1%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
11.1%
11.1%
28.4%
28.4%
34.5%
34.5%
20.6%
20.6%
3.6%
3.6%
0% 100.0%
% of Homes