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Frederick city, MD

ZIP 21702 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 21702

Median Home Value
$384,800
Median Rent
$1,585
Affordability Snapshot
$106,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,472/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 21702 in Frederick city, MD, a household would need roughly $106,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,472. That is roughly in line with the local median household income ($104,659). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
63.1%-3% vs US avg
x
Vacancy Rate
5.1%-51% vs US avg
x
Broadband Access
92.2%+6% vs US avg
x
4+ Bedrooms
5.7%-62% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
2.3%-66% vs US avg
x
Rent Burden >30%
23.9%-52% vs US avg
x
Mortgage-Free
23.3%-39% vs US avg
x
$384,800
Home Value
$1,585
Rent
1990
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached44.5%
  • 1-unit attached24.6%
  • 2-9 units9.7%
  • 10+ units21.1%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$384,800
Median rent$1,585
Owner-occupied63.1%
Vacant5.1%
Price-to-income3.7x
Est. income to buy$106,000