Frederick, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Frederick Neighborhoods Since 2000




Frederick, MD Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Frederick Housing Market Information

With 69,479 people, 26,591 houses or apartments, and a median cost of homes of $260,123, Frederick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Frederick, accounting for 32.67% of the city's housing units. Other types of housing that are prevalent in Frederick include row houses and other attached homes ( 32.30%), large apartment complexes or high rise apartments ( 29.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.40%).

The most prevalent building size and type in Frederick are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.27% owning and 47.73% 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 ( 20.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.20%). There's also some housing in Frederick built before 1939 ( 13.73%).

Frederick Home Appreciation Rates

Homes have actually lost value in Frederick over the last then years, as home values have seen a decline of 22.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Frederick home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

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 2.33%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Frederick's latest annual appreciation rate is lower than 50% 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:
$260,123

Frederick, MD HOME PRICES

Value Range
> $1,102,000 0.7
$826,001 - $1,102,000 0.7
$551,001 - $826,000 3.4
$441,001 - $551,000 5.6
$330,001 - $441,000 17.2
$220,001 - $330,000 37.8
$110,001 - $220,000 29.4
$55,001 - $110,000 3.1
$0 - $55,000 2.0

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
21.0125395523263 62.2137404580153

Number Of Homes And Apartments:
26,591

Frederick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
57.24% 2.66% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,619 / per month

Homeownership Rate

Homeownership
Owners 52.27
Renters 47.73
Vacant 5.02

Housing Market Details

 

Age of Homes

AGE OF Frederick HOMES
2000 or Newer 20.2
1970 - 1999 51.9
1940 - 1969 14.2
1939 or Older 13.7

Types of Homes

TYPE OF Frederick HOMES
Single-Family 32.7
Townhomes 32.3
Small Apt. Buildings 5.4
Apt. Complexes 29.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Frederick HOMES
No Bedroom 0.84
1 Bedroom 12.15
2 Bedrooms 27.76
3 Bedrooms 38.07
4 Bedrooms 17.92
5 or more bedrooms 3.26