The housing market in 21701 Frederick, MD is slightly lower than the national average, with a median value of $401,000 compared to the US median value of $338,100. However, despite being slightly lower than the national average, the housing market in 21701 Frederick has still seen some appreciation over the past year at 7.84%, which is only 0.43% off from the US's 1-year house appreciation rate of 8.27%. Thus, it is still a good time for potential buyers or investors looking to expand their investment portfolio in this area.
The median home cost in Frederick (zip 21701) is $401,000. Home appreciation the last 10 years has been 62.2%. Home Appreciation in Frederick (zip 21701) is up 11.5%.
Average Age of Homes
- The median age of Frederick (zip 21701) real estate is 35 years old
The Rental Market in Frederick (zip 21701)
- Renters make up 35.6% of the Frederick (zip 21701) population
- 1.4% of houses and apartments in Frederick (zip 21701), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.