Housing costs in Frederick?
A typical home costs
$401,000, which is 18.6% more expensive than the national average of
$338,100 and 3.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Frederick costs
$1,500 per month, which is 7.4% cheaper than the national average of
$1,620 and 21.3% cheaper than the state average of
$1,820.
Can I afford Frederick?
To live comfortably in Frederick (zip 21701), Maryland, a minimum annual income of
$76,680 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Frederick?
The cost of living in 21701 Frederick, MD is relatively affordable compared to many other cities. The median home price is about $250,000, which is less than the national average. Renting an apartment or house is also quite reasonable; the average rent for a two-bedroom unit is around $1,350 per month. Groceries and other necessities are also reasonably priced, with the local grocery store being just a few blocks away from most homes. Taxes and insurance prices are slightly higher than the national average but still very manageable. All in all, living in 21701 Frederick, MD can be a great option for those looking for an affordable place to live.