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 | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $311,515 | $257,048 | $242,182 |
| Price Trend (Annual %) | 4.9% | 4.1% | 8.2% |
| Median Gross Rent | $1,401 | $1,514 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Frederick County is about 21% higher than in Virginia. Rent is about 7% lower than the Virginia 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 4.9% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Frederick County rose about 30.9% between 2015 and 2023, from $1,071 to $1,401. Over the same span, rent in Virginia rose about 35.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Frederick County.
Buying the median-priced home in Frederick County costs roughly 18.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Frederick County. The price-to-rent ratio in Virginia is about 14.2.
| Metric | Frederick County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $311,515 | $257,048 | $242,182 |
| Median Household Income | $95,790 | $91,409 | $78,145 |
| Price-to-Income Ratio | 3.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Frederick County rose about 34.2%, while median household income rose about 54.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Frederick County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.2% | 61.1% | 58.2% |
| Rental Rate | 20.6% | 29.9% | 31.3% |
| Vacancy Rate | 6.2% | 9.0% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Frederick County has a homeownership rate of 73.2%, higher than the Virginia average of 61.1%. Its housing vacancy rate is 6.2%, compared with 9.0% in Virginia.
Housing Stock
| Metric | Frederick County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.53 people | 2.54 people |
| Median Structure Built Year | 1987 | 1981 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in Frederick County was built around 1987. On average, 2.7 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Frederick County, Virginia.
What is the median home price in Frederick County, Virginia?
The median home price in Frederick County, Virginia is $311,515, higher than the Virginia average of $257,048.
What is the average home price in Frederick County, Virginia?
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, Virginia?
The median gross rent in Frederick County, Virginia is $1,401 per month, lower than the Virginia average of $1,514.
What was the median gross rent in Frederick County in 2020?
In 2020, the median gross rent in Frederick County, Virginia was $1,118 per month.
What is the price-to-rent ratio in Frederick County, Virginia?
The price-to-rent ratio in Frederick County, Virginia is about 18.5, meaning it would take roughly 18.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Frederick County.
Are home prices or rent rising faster in Frederick County, Virginia?
Both home prices and rent are rising in Frederick County, up about 4.9% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Frederick County, Virginia?
73.2% of households in Frederick County, Virginia own their home, higher than the Virginia average of 61.1%.
What is the vacancy rate in Frederick County, Virginia?
The housing vacancy rate in Frederick County, Virginia is 6.2%, lower than the Virginia average of 9.0%.