Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Frederick County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,767 | $285,029 | $242,182 |
| Price Trend (Annual %) | 13.7% | 4.8% | 8.2% |
| Median Gross Rent | $1,705 | $1,661 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Frederick County is about 57% higher than in Maryland. Rent is about 3% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Frederick County, up about 13.7% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Frederick County rose about 32.8% between 2015 and 2023, from $1,285 to $1,705. Over the same span, rent in Maryland rose about 35.2%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Frederick County.
Buying the median-priced home in Frederick County costs roughly 21.9 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 County. The price-to-rent ratio in Maryland is about 14.3.
| Metric | Frederick County | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $447,767 | $285,029 | $242,182 |
| Median Household Income | $121,389 | $101,971 | $78,145 |
| Price-to-Income Ratio | 3.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Frederick County rose about 156.9%, while median household income rose about 48.8% between 2009 and 2023 — 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 County | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.7% | 62.0% | 58.2% |
| Rental Rate | 22.0% | 29.9% | 31.3% |
| Vacancy Rate | 4.4% | 8.1% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Frederick County has a homeownership rate of 73.7%, higher than the Maryland average of 62.0%. Its housing vacancy rate is 4.4%, compared with 8.1% in Maryland.
Housing Stock
| Metric | Frederick County | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.58 people | 2.54 people |
| Median Structure Built Year | 1986 | 1977 | 1978 |
| Median Number of Rooms | 6.8 | 6.2 | 5.5 |
The typical housing unit in Frederick County was built around 1986. On average, 2.7 people live in a home with about 6.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Frederick County, Maryland.
What is the median home price in Frederick County, Maryland?
The median home price in Frederick County, Maryland is $447,767, higher than the Maryland average of $285,029.
What is the average home price in Frederick County, Maryland?
The typical home price in %s, reported as the median sale price, is %s. 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 County, Maryland?
The median gross rent in Frederick County, Maryland is $1,705 per month, higher than the Maryland average of $1,661.
What was the median gross rent in Frederick County in 2020?
In 2020, the median gross rent in Frederick County, Maryland was $1,426 per month.
What is the price-to-rent ratio in Frederick County, Maryland?
The price-to-rent ratio in Frederick County, Maryland is about 21.9, meaning it would take roughly 21.9 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 County.
Are home prices or rent rising faster in Frederick County, Maryland?
Both home prices and rent are rising in Frederick County, up about 13.7% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Frederick County, Maryland?
73.7% of households in Frederick County, Maryland own their home, higher than the Maryland average of 62.0%.
What is the vacancy rate in Frederick County, Maryland?
The housing vacancy rate in Frederick County, Maryland is 4.4%, lower than the Maryland average of 8.1%.