Frederick, MD

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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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Frederick Housing Market Information

With 71,408 people, 26,987 houses or apartments, and a median cost of homes of $284,003, 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 34.47% of the city's housing units. Other types of housing that are prevalent in Frederick include large apartment complexes or high rise apartments ( 30.42%), row houses and other attached homes ( 30.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.91%).

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 53.74% owning and 46.26% 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 ( 21.30%). A lesser amount of the housing stock also hails from before 1939 ( 13.79%). There's also some housing in Frederick built between 1940-1969 ( 13.12%).

Frederick Home Appreciation Rates

Frederick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Frederick during the period has been just 0.45%, which is lower than 70% of US communities.

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 5.58%, 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 1.80%, which equates to an annual appreciation rate of 7.41%.

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.

Average Home Values


Median Home Value:


Value Range
> $1,161,000 0.5
$871,001 - $1,161,000 0.8
$581,001 - $871,000 4.3
$465,001 - $581,000 8.1
$348,001 - $465,000 18.3
$232,001 - $348,000 37.6
$116,001 - $232,000 25.7
$58,001 - $116,000 2.1
$0 - $58,000 2.7

Average for MD
High for Nation

Value Relative to Nation Value Relative to State
21.6175182481752 59.3984962406015

Number Of Homes And Apartments:

Frederick Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
76.15% 2.98%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,671 / per month

Homeownership Rate

Owners 53.74
Renters 46.26
Vacant 6.25

Housing Market Details


Age of Homes

AGE OF Frederick HOMES
2000 or Newer 21.3
1970 - 1999 51.8
1940 - 1969 13.1
1939 or Older 13.8

Types of Homes

Single-Family 34.5
Townhomes 30.1
Small Apt. Buildings 4.9
Apt. Complexes 30.4
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 1.43
1 Bedroom 12.34
2 Bedrooms 26.81
3 Bedrooms 36.65
4 Bedrooms 18.76
5 or more bedrooms 4.01