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City · 83,395 residents · Frederick County, Maryland

Frederick , Maryland

In Frederick, a typical home is worth $401,500 and typical rent is $1,764 a month. Compared with all of Frederick County, typical household income is 20% lower, the typical home value is 14% lower, and the share of households that own their home is 18 points lower.

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  • Typical home value

    $401,500

    14% below the county

    4% below Maryland

    • Frederick
    • County
    • Maryland

  • Typical rent

    $1,764a month

    About the same as the county

    3% above Maryland

    • Frederick
    • County
    • Maryland

  • Typical household income

    $97,069a year

    20% below the county

    6% below Maryland

    • Frederick
    • County
    • Maryland

  • Households that own their home

    59%

    18 points below the county

    9 points below Maryland

    • Frederick
    • County
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$456,642
1.1% less than 12 months ago
Typical rent
$2,155 a month
2.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Frederick is in Frederick County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Frederick County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Frederick apart

What this place has that others do not, from public data, most unusual first.

  1. 59% of households in Frederick own their home, against 77% in Frederick County.

  2. Nearby, in Walkersville, the typical rent is $1,481: 16% less than in Frederick ($1,764).

  3. The typical household income in Frederick is $97,069, 20% less than in Frederick County as a whole ($122,002).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Frederick

What homes there are in Frederick, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Frederick there is a bit of everything: no kind of home reaches half. The most common are attached houses (townhouses) (33%), more than in Frederick County (22%).

Year built

The typical year built in Frederick is 1991, about the same as in Frederick County (1991).

There are fewer big homes in Frederick than in Frederick County: 60% have 3 bedrooms or more, against 76%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Frederick County is high ($1,249,125): at least 99% of owner-occupied homes in Frederick are worth less than $1,000,000.

Monthly rent with utilities

By rent, most homes in Frederick cost less than HUD's 2-bedroom fair market rent ($2,438): about 86%.

With a mortgage

$2,222 a month

Frederick County: $2,449 a month

Without a mortgage

$790 a month

Frederick County: $731 a month

Owners with a mortgage

77%

Frederick County: 76%

The typical cost for an owner with a mortgage in Frederick is $2,222 a month, less than in Frederick County ($2,449); without one, $790.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Frederick rose 49%; in Frederick County, it rose 40%.

Much as in Frederick County, the typical rent in Frederick rose 26% since 2015–2019.

While home values in Frederick changed +49% and rent +26%, the typical household income rose 28%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFrederickFrederick CountyMarylandUnited States
Rental vacancy Unreliable estimate3.2%4.7%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room 2.1%1.3%2.5%3.4%
People per household 2.422.702.572.53
Drive alone 69%68%65%69%
Carpool 6%7%8%9%
Public transit 2%1%4%3%
Walk or bike 4%2%2%3%
Work from home 18%21%19%15%
Other means 1%1%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Frederick County, 2.1% of households in Frederick have more than one person per room.

Households in Frederick are smaller: 2.42 people on average; in Frederick County, 2.70.

To get to work, 69% of workers in Frederick drive alone; in Frederick County, 68%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Frederick?

A typical home costs more than the typical income allows

We start with a typical home in Frederick, worth $401,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Frederick, which is $97,069 a year. For that payment to be 28% of income, a household would need to earn about $147,160 a year.

The calculator's FHA and conventional loan limits are those of all of Frederick County.

Your numbers

Local data
$

Starts at the typical home value in Frederick. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,053 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,434

at 7.18% · 30 years

Loan amount
$394,227
Total interest
$567,201
Paid off in
November 2056

Includes $6,780 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,265 a month

  • Tight

    $2,265 to $2,912 a month

  • Hard

    more than $2,912 a month

    Your payment · 42%

Compared with the typical household income in Frederick ($97,069 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,434
Principal & interest$2,671
Property tax$418
Home insurance$167
FHA mortgage insurance (MIP)$178

You need at least $14,053 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Frederick and Frederick County

Frederick is in Frederick County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Frederick's own numbers

Typical home value
$401,500
Typical monthly rent
$1,764
Typical yearly household income
$97,069
Households that own their home
59%
Effective property tax rate
1.25%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Frederick County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,438
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Frederick County.

Everything about Frederick County

Buying

Buying a home in Frederick

A typical home in Frederick is worth $401,500: 14% below the county and 4% below Maryland. With the typical household income in Frederick ($97,069 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Frederick 4.1 years
  • County 3.8 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Frederick County

According to FHFA’s house price index, home prices in Frederick County rose 68% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Frederick County.

Period County Maryland U.S.
Last year (2025) +0.9% +2.7% +2.9%
5 years (2020–2025) +45% +40% +47%
10 years (2015–2025) +68% +60% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Frederick next to Frederick County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Frederick $401,500
  • County $464,600
  • Maryland $419,900
  • United States $332,700
Typical monthly rent
  • Frederick $1,764
  • County $1,774
  • Maryland $1,705
  • United States $1,413
Typical yearly household income
  • Frederick $97,069
  • County $122,002
  • Maryland $103,678
  • United States $80,734
See the full table
Frederick next to Frederick County and Maryland
Measure Frederick Frederick County Maryland U.S.
Typical home value $401,500 $464,600 $419,900 $332,700
Typical monthly rent $1,764 $1,774 $1,705 $1,413
Typical yearly household income $97,069 $122,002 $103,678 $80,734
Households that own their home 59% 77% 68% 65%
Typical yearly property tax $5,001 $4,584 $4,093 $3,119
Effective property tax rate 1.25% 0.99% 0.97% 0.94%
Renters with high rent for their income 52% 48% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Frederick County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Frederick

For a typical $401,500 home in Frederick, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Frederick's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,434a month

    Least cash to close
    Down payment
    $14,053
    Cash to close
    $26,098
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $178

  • Conventional, 5% down $3,360a month

    Down payment
    $20,075
    Cash to close
    $32,120
    Rate
    7.18%
    Mortgage insurance
    PMI · $191

  • Conventional, 20% down, no PMI $2,761a month

    Down payment
    $80,300
    Cash to close
    $92,345
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,133a month

    Down payment
    $60,225
    Cash to close
    $72,270
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Frederick and for Frederick County.

Property tax

Effective rate in Frederick

1.25%of the home’s value each year

$5,001 a year for the typical owner in Frederick.

  • Frederick 1.25%
  • County 0.99%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Frederick County

FEMA does not publish these numbers by city: they are for all of Frederick County.

Homes in the high-risk zone
0.9%
781
Of those, with NFIP insurance
19%
County Maryland U.S.
Homes in the high-risk zone 0.9% 1.2% 3.5%
Of those, with NFIP insurance 19% 74% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Frederick

Typical rent in Frederick is $1,764 a month: about the same as the county. In Frederick, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Frederick County, by unit size. To pay the 2-bedroom one ($2,438 a month) without spending more than 30% of your income, you would need to earn $46.88 an hour working full time.

HUD fair market rent for all of Frederick County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,111 $40.60 $84,440
1 bedroom $2,204 $42.38 $88,160
2 bedrooms $2,438 $46.88 $97,520
3 bedrooms $3,107 $59.75 $124,280
4 bedrooms $3,658 $70.35 $146,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Frederick

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Frederick has 3 ZIP codes with their own.

For 2 bedrooms it runs from $2,010 in 21702 to $2,080 in 21705.

None is above the fair market rent for Frederick County ($2,438).

  • 21701 $2,080$2,650
  • 21702 $2,010$2,560
  • 21705 $2,080$2,650

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Frederick when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Frederick

HUD lists 45 buildings with rents for lower incomes in Frederick. These are the largest.

  • Waverley View Apartments 400 Harlan Way, Frederick 21702 240 low-income homes · 1 bd: 32 · 2 bd: 144 · 3 bd: 64 · In service since 2017 · For people with disabilities, families
  • Orchard Park at Ballenger Run Ballenger Creek Pike at Wild, Frederick 21701 210 low-income homes · In service since 2019 · For families
  • Taney Village 1421 Taney Ave, Frederick 21702 130 low-income homes · 1 bd: 130 · In service since 2015 · For older adults, people with disabilities, families (404) 487-5331
  • Commons of Avalon (THE) Hampshire Drive, Frederick 21702 114 low-income homes · 3 bd: 103 · In service since 2017 · For people with disabilities, families
  • Geo Washington Carver 214 Phebus Ave, Frederick 21701 110 low-income homes · Run by Frederick Housing Authority · Average payment: $545 a month (301) 662-8173

See all 50 buildings in Frederick County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Frederick

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Frederick County; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Frederick

No down payment, repair or rent-help program on our list is for Frederick or Frederick County. The ones below are statewide in Maryland: they work in Frederick the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Frederick

The HUD-approved agencies closest to the center of Frederick, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • The City of Frederick

    100 S Market St, Frederick · 2 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (301) 600-1506

  • Housing Initiative Partnership, Inc.(hip)

    12900 Middlebrook Road, Germantown · 20 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 3 more
    (301) 916-5946

  • HAGERSTOWN NEIGHBORHOOD DEVELOPMENT PARTNERSHIP, INC.(HNDP)/ aka Hagerstown Home Store

    21 E Franklin St, Hagerstown · 22 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (301) 797-0900

Every agency in Frederick County All counseling agencies in Maryland

Help in Spanish near Frederick

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Frederick

HUD’s record names them for Frederick or Frederick County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Frederick Housing Authority Public housing and Section 8 vouchers (301) 662-8173

All housing agencies in Maryland Source: HUD

Cities

Other cities in Frederick County

These cities are also in Frederick County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Frederick County Housing in Maryland

Nearby cities

The cities closest to Frederick, with the typical home value.

Neighboring counties

If Frederick County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Frederick.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Frederick

Short answers with the numbers for Frederick and all of Frederick County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Frederick?

The typical home value in Frederick is $401,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Frederick County it is $464,600.

How much does it cost to rent in Frederick?

Typical rent in Frederick is $1,764 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Frederick County is $2,438.

What is the FHA loan limit in Frederick?

Frederick uses the FHA limit for all of Frederick County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Frederick?

The typical homeowner in Frederick pays $5,001 a year, according to the U.S. Census Bureau. That is 1.25% of the home’s value; in Frederick County, the rate is 0.99%.

Where can I find free help to buy or rent in Frederick?

There is 1 HUD-approved counseling agency with an office in Frederick County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).