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 2,586 people, 1,223 houses or apartments, and a median cost of homes of $341,672, real estate costs in Prince Frederick are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.
Single-family detached homes are the single most common housing type in Prince Frederick, accounting for 35.77% of the town's housing units. Other types of housing that are prevalent in Prince Frederick include large apartment complexes or high rise apartments ( 32.28%), row houses and other attached homes ( 27.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.22%).
The most prevalent building size and type in Prince Frederick are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.33% owning and 56.67% renting.
There is a lot of housing in Prince 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 Prince Frederick built between 2000 and later ( 35.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.81%). There's also some housing in Prince Frederick built before 1939 ( 3.24%).
Homes have actually lost value in Prince Frederick over the last then years, as home values have seen a decline of 20.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Prince Frederick home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.
Over the last year, Prince Frederick appreciation rates have trailed the rest of the nation. In the last twelve months, Prince Frederick's appreciation rate has been 2.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Prince Frederick were at -0.17%, which equates to an annual appreciation rate of -0.70%.
Relative to Maryland, our data show that Prince Frederick's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.
|$803,001 - $1,071,000||1.4|
|$535,001 - $803,000||8.4|
|$428,001 - $535,000||9.9|
|$321,001 - $428,000||37.3|
|$214,001 - $321,000||34.3|
|$107,001 - $214,000||3.9|
|$54,001 - $107,000||0.4|
|$0 - $54,000||2.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Prince Frederick HOMES|
|2000 or Newer||35.8|
|1970 - 1999||54.2|
|1940 - 1969||6.8|
|1939 or Older||3.2|
|TYPE OF Prince Frederick HOMES|
|Small Apt. Buildings||4.2|
|SIZE OF Prince Frederick HOMES|
|5 or more bedrooms||2.51|