Frostburg First-Time Homebuyer Report for October

Frostburg is much older than the rest of Maryland, with a median age of 23. It's much less affluent than average as well, with a median income of $31,391 per household. The Frostburg market primarily consists of detached houses, accounting for 87% of the current homes in the area. Topping the list of best schools in the city is Frost Elementary School.

Price Range

Some of the least expensive homes in Maryland are in Frostburg with a median home value of $101,400, while the list prices of available homes is currently at an average of $114,233.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Frostburg:

$145K   $104K   $156K  

Typical Dwelling

The typical dwelling in Frostburg is a three-bedroom detached home worth about $145,172. To purchase a similar home, a buyer with good credit and a $29,034 cash down payment could obtain a mortgage with a 3.95% interest rate and a $663 monthly payment. The property tax rate is $10.65 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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