Frederick's October First-Time Homebuyer Report

Frederick is a relatively small city in Maryland with a median income of $64,510 per household. Besides being somewhat affluent, its population is much older than others with a median age of 34 years. 21702, 21701, and 21703 are the three largest zip codes in terms of population. The Frederick market is mostly made up of condos and townhouses, which currently account for 41% of the homes for sale in the area. The top school in the city is Frederick High School.

Price Range

Home values in Frederick are generally in line with others in the state with a median home value of $210,800 and an average list price of $262,986. The homes with the highest value are in 21701, 21702, and 21703. The Frederick market showed positive signs this week as sales climbed 7.9% to hit 109 homes sold over the last 30 days.

Out of all the listings in Frederick, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$207K   $255K   $249K  

Typical Dwelling

A three-bedroom townhouse valued around $234,875 is considered a typical dwelling in Frederick. If a buyer was looking for a similar home, they would need good credit and a $46,975 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,191 and the property tax rate is $10.39 per $1,000 of taxable assessed value.

Get started right now by checking out Frederick homes for sale or reviewing Frederick real estate trends.


Data reported through 10/13/2016

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