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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 70,060, 26,591 total housing units (homes and apartments), and a median house value of $269,920, 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%).
Homes have actually lost value in Frederick over the last then years, as home values have seen a decline of 16.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Frederick home appreciation rates at 0.46%, which equates to an annual appreciation rate of 1.85%.
NeighborhoodScout's data show that during the latest twelve months, Frederick's appreciation rate, at 4.34%, has been at or slightly above the national average. In the latest quarter, Frederick's appreciation rate has been 0.46%, which annualizes to a rate of 1.85%.
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 higher 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.
|$858,001 - $1,143,000||0.7|
|$572,001 - $858,000||3.4|
|$457,001 - $572,000||5.6|
|$342,001 - $457,000||17.2|
|$229,001 - $342,000||37.8|
|$114,001 - $229,000||29.4|
|$57,001 - $114,000||3.1|
|$0 - $57,000||2.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Frederick HOMES|
|2000 or Newer||20.2|
|1970 - 1999||51.9|
|1940 - 1969||14.2|
|1939 or Older||13.7|
|TYPE OF Frederick HOMES|
|Small Apt. Buildings||5.4|
|SIZE OF Frederick HOMES|
|5 or more bedrooms||3.26|