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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 72,244, 27,752 total housing units (homes and apartments), and a median house value of $277,303, Frederick real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Frederick, accounting for 32.39% of the city's housing units. Other types of housing that are prevalent in Frederick include row houses and other attached homes ( 32.00%), single-family detached homes ( 30.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.05%). 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. The city has a mixture of owners and renters, with 55.21% owning and 44.79% 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 ( 24.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.69%). There's also some housing in Frederick built before 1939 ( 12.11%).

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 2.45% 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 4.33%, 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 1.43%, which equates to an annual appreciation rate of 5.86%.

Notably, Frederick's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Frederick's latest annual appreciation rate is lower than 60% 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:
$277,303

Frederick, MD HOME PRICES

> $1,132,000
0.5%
0.5%
$849,001 - $1,132,000
0.8%
0.8%
$566,001 - $849,000
4.4%
4.4%
$452,001 - $566,000
8.7%
8.7%
$339,001 - $452,000
20.4%
20.4%
$226,001 - $339,000
40.3%
40.3%
$113,001 - $226,000
22.7%
22.7%
$57,001 - $113,000
1.0%
1.0%
$0 - $57,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
27,752

Frederick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
83.95% 2.94%
5
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,852 / per month

Homeownership Rate

Owners
55.2%
55.2%
Renters
44.8%
44.8%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
24.9%
24.9%
1970 - 1999
50.3%
50.3%
1940 - 1969
12.7%
12.7%
1939 or Older
12.1%
12.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
30.5%
30.5%
Townhomes
32.0%
32.0%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
32.4%
32.4%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
10.1%
10.1%
2 Bedrooms
28.9%
28.9%
3 Bedrooms
35.7%
35.7%
4 Bedrooms
19.9%
19.9%
5 or more bedrooms
3.3%
3.3%
0.0% 100.0%
% OF HOMES