The Most Affordable Neighborhoods in Downtown Frederick, Frederick, MD by Home Value

 

Downtown Frederick, Frederick, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Downtown Frederick area can be challenging. Home prices in Downtown Frederick are now at a median cost of $356,593, higher than the Frederick average of $306,097.

The average cost of rent is $1,179/mo in Downtown Frederick, primarily driven by the current value of real estate in the Downtown Frederick area. While nearly 30.35% of residents own their homes outright in Downtown Frederick, 52.26% rent.

Housing affordability isn’t just about home prices, though. The average household income in Downtown Frederick is $5,583 per month. Households that rent pay about 21.11% of their income on rent here. Downtown Frederick's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the neighborhood.


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