Housing costs in Frederick?
A typical home costs
$380,000, which is 12.4% more expensive than the national average of
$338,100 and 2.1% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Frederick costs
$1,530 per month, which is 5.6% cheaper than the national average of
$1,620 and 19.0% cheaper than the state average of
$1,820.
Can I afford Frederick?
To live comfortably in Frederick (zip 21702), Maryland, a minimum annual income of
$72,720 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Frederick?
The cost of living in 21702 Frederick, MD is relatively high compared to the national average. The median home value in this zip code is $339,500, far exceeding the national median home value of $231,200. Additionally, the median household income in 21702 is $83,735, which is higher than the national median of $61,937. The cost of groceries and goods is also slightly higher than what you would find nationally. Despite these higher expenses, people choose to live in this area due to its close proximity to major cities like Washington D.C., its excellent school system and a variety of outdoor recreational activities.