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These days, finding an affordable place to live in the Frederick area can be challenging. Home prices in Frederick are now at a median cost of $438,039, lower than the Maryland average of $450,578.
The average cost of rent is $1,953/mo in Frederick, primarily driven by the current value of real estate in the Frederick area. In Frederick, 32.68% of households rent, and 23.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frederick is $9,911 per month. Households that rent pay about 19.70% of their income on rent here. Frederick’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ballenger Creek, MD: less expensive homes
- Braddock Heights, MD: higher priced homes
- Walkersville, MD: equally priced homes
- Linganore, MD: higher priced homes
- Middletown, MD: higher priced homes
- Buckeystown, MD: higher priced homes
- Urbana, MD: higher priced homes
- Utica, MD: equally priced homes
- Jefferson, MD: higher priced homes
- New Market, MD: higher priced homes
Cities with Similar Populations
- Sioux City, IA: less expensive homes
- Simi Valley, CA: higher priced homes
- Simpsonville, SC: less expensive homes
- Slidell, LA: less expensive homes
- Sioux Falls, SD: less expensive homes
- Shreveport, LA: less expensive homes
- Santa Clarita, CA: higher priced homes
- Rockville, MD: higher priced homes
- Salinas, CA: higher priced homes
- San Pedro, CA: higher priced homes
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