Affordability evidence
Frederick, MD home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Frederick, MD.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The local figures answer the first question: In Frederick, MD, the 2024 ACS reports a median owner-occupied home value of $401,500, median household income of $97,069, and median selected monthly owner costs of $2,222 for owners with a mortgage. For borrower planning, together, those three reference points may still help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,222 measure combines recurring ownership expenses rather than real estate taxes alone. A useful affordability review starts with $401,500, $97,069, and $2,222, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Frederick, MD's $401,500 median home-value estimate is below the statewide $419,900 estimate, with a reported city-to-state gap of 4.4%. For borrower planning, that 4.4% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Frederick, MD.