Frederick, Maryland Housing Market Prices
Frederick Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 69% above the Maryland median$451,582
-
Median rent 1% above the Maryland median$1,726
Housing Market Overview
| Metric | Frederick | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $451,582 | $267,101 | $248,835 |
| Price Trend (Annual %) | 15.0% | 3.4% | 7.5% |
| Median Gross Rent | $1,726 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Frederick is about 69% higher than in Maryland. Rent is about 1% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Frederick, up about 15.0% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Frederick rose about 40.3% between 2015 and 2024, from $1,230 to $1,726. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Frederick.
Buying the median-priced home in Frederick costs roughly 21.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Frederick. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Frederick | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $451,582 | $267,101 | $248,835 |
| Median Household Income | $96,684 | $103,916 | $80,455 |
| Price-to-Income Ratio | 4.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Frederick rose about 177.8%, while median household income rose about 42.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Frederick | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 62.4% | 58.5% |
| Rental Rate | 38.4% | 29.9% | 31.2% |
| Vacancy Rate | 5.1% | 7.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Frederick has a homeownership rate of 56.6%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 5.1%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Frederick | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1982 | 1977 | 1978 |
| Median Number of Rooms | 5.9 | 6.2 | 5.5 |
The typical housing unit in Frederick was built around 1982. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Frederick, Maryland.
What is the median home price in Frederick, Maryland?
The median home price in Frederick, Maryland is $451,582, higher than the Maryland average of $267,101.
What is the average home price in Frederick, Maryland?
The typical home price in Frederick, Maryland, reported as the median sale price, is $451,582. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Frederick, Maryland?
The median gross rent in Frederick, Maryland is $1,726 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Frederick in 2020?
In 2020, the median gross rent in Frederick, Maryland was $1,355 per month.
What is the price-to-rent ratio in Frederick, Maryland?
The price-to-rent ratio in Frederick, Maryland is about 21.8, meaning it would take roughly 21.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Frederick.
Are home prices or rent rising faster in Frederick, Maryland?
Both home prices and rent are rising in Frederick, up about 15.0% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Frederick, Maryland?
56.6% of households in Frederick, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Frederick, Maryland?
The housing vacancy rate in Frederick, Maryland is 5.1%, lower than the Maryland average of 7.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →