According to statistics, the population in Frederick, MD amounts to 69,330, which shows growth 2% compared to the previous year. The median age of the city’s residents is 35. The average household income is $67,828, shifting growth 2% from the past year, and the average property value in Frederick, MD growth 4% to $255,100 throughout the year.
|Number Of Employees||37,281|
|Median Property Value||$255,100|
The average household income in Frederick, MD grew from $66,206 to $67,828 in the past year. This data is an estimate based upon 26,987 households in Frederick, MD . The chart below presents how household income is distributed in Frederick, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Frederick, MD shifted from $245,500 to $255,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Frederick, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Frederick, MD properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Frederick, MD compared to median property taxes around the country. The prevalent amount of property taxes in Frederick, MD equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Frederick, MD decreased by 1.8% to $423,434.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 8.8% to $247,999. Asking price for 2-bed apartment also decreased by 6.4% and a place of this size will now cost you $273,046. A 3-bed apartment goes for $405,553, it decreased by 2.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3.1% and made it up to $571,186.
The average cost of an apartment in Frederick, MD rised by 30.8% to $269,300. Price reports demonstrate that house price decreased by 1.8% this month making it up to $522,230. Condos faced an upward trend these days. The median price for a condo decreased by 9.4%, it’s now available for $329,264. The price dynamics of lofts changed, it increased by 25.5%, the price tag now starts at $590,872. The property value of townhouses decreased by 1.8%, you’ll have to spend around $402,091 to get one.