Real Estate Investing in Frederick County, Maryland

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

23 ZIP codes • Population: 266,269

Should you buy in Frederick County, MD? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (73/100)

Solid choice β€” stable market with a reasonable entry point and good rental backup if you ever need to move.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (46/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Frederick County, MD?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.3% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $505,376
Avg Monthly Rent $1,698
ZIP Codes 23

Investing in Frederick County Real Estate

Across Frederick County's 23 ZIPs, the picture is thin β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

Frederick is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state capital should be especially careful with carry-in assumptions.

Frederick County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Frederick County, MD. Anonymous, moderated, never written by AI.

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Avg Home Value
$505,376
Avg Monthly Rent
$1,698
1% Rule
βœ— Below
Landlord Friendly (MD)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Frederick County

4 Colleges 11,540 Students 767 Off-Campus Renters
C+
The Temple-A Paul Mitchell Partner School
Vocational For-Profit Β· 167 students
C
Frederick Community College
2-Year Public Β· 6,796 students
πŸ“ ~767 students rent off-campus
C
Hood College
4-Year Private Β· 2,078 students
C
Mount St. Mary's University
4-Year Private Β· 2,499 students

Investor Insight: With 767 students living off-campus, Frederick County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Frederick County

ZIP Codes in Frederick County, MD

21702 β˜… β˜… β˜… β˜… β˜…
Frederick
Population 47,437
Avg Home $461,752
Avg Rent $1,999/mo
21703 β˜… β˜… β˜… β˜… β˜…
Frederick
Population 41,766
Avg Home $416,748
Avg Rent $2,293/mo
21701 β˜… β˜… β˜… β˜… β˜…
Frederick
Population 41,340
Avg Home $452,055
Avg Rent $2,240/mo
21704 β˜… β˜… β˜… β˜… β˜…
Frederick
Population 19,623
Avg Home $656,191
Avg Rent $3,031/mo
21774 β˜… β˜… β˜… β˜… β˜…
New Market
Population 16,515
Avg Home $602,819
Avg Rent $2,663/mo
21769 β˜… β˜… β˜… β˜… β˜…
Middletown
Population 12,695
Avg Home $573,104
Avg Rent $1,959/mo
21788 β˜… β˜… β˜… β˜… β˜…
Thurmont
Population 11,919
Avg Home $401,790
Avg Rent $1,143/mo
21793 β˜… β˜… β˜… β˜… β˜…
Walkersville
Population 10,914
Avg Home $472,879
Avg Rent $1,995/mo
21770 β˜… β˜… β˜… β˜… β˜…
Monrovia
Population 7,815
Avg Home $669,202
Avg Rent $1,836/mo
21754 β˜… β˜… β˜… β˜… β˜…
Ijamsville
Population 7,439
Avg Home $698,173
Avg Rent $1,773/mo
21716 β˜… β˜… β˜… β˜… β˜…
Brunswick
Population 6,757
Avg Home $417,900
Avg Rent $1,125/mo
21727 β˜… β˜… β˜… β˜… β˜…
Emmitsburg
Population 6,079
Avg Home $376,452
Avg Rent $1,188/mo
21755 β˜… β˜… β˜… β˜… β˜…
Jefferson
Population 5,740
Avg Home $576,218
Avg Rent $1,206/mo
21773 β˜… β˜… β˜… β˜… β˜…
Myersville
Population 5,619
Avg Home $558,976
Avg Rent $1,701/mo
21710 β˜… β˜… β˜… β˜… β˜…
Adamstown
Population 4,901
Avg Home $667,087
Avg Rent $1,836/mo
21791 β˜… β˜… β˜… β˜… β˜…
Union Bridge
Population 4,734
Avg Home $454,929
Avg Rent $1,341/mo
21758 β˜… β˜… β˜… β˜… β˜…
Knoxville
Population 4,238
Avg Home $468,018
Avg Rent $1,728/mo
21757 β˜… β˜… β˜… β˜… β˜…
Keymar
Population 2,810
Avg Home $462,295
Avg Rent $1,332/mo
21798 β˜… β˜… β˜… β˜… β˜…
Woodsboro
Population 2,765
Avg Home $513,526
Avg Rent $1,134/mo
21777 β˜… β˜… β˜… β˜… β˜…
Point of Rocks
Population 2,333
Avg Home $522,757
Avg Rent $1,719/mo
21780 β˜… β˜… β˜… β˜… β˜…
Sabillasville
Population 1,814
Avg Home $414,739
Avg Rent $1,206/mo
21778 β˜… β˜… β˜… β˜… β˜…
Rocky Ridge
Population 840
Avg Home $450,439
Avg Rent $1,179/mo
21762 β˜… β˜… β˜… β˜… β˜…
Union Bridge
Population 176
Avg Home $335,608
Avg Rent $1,431/mo

Screen every market in Frederick County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Frederick County

How much do tenants pay in, MD?

Rental rates in, MD average $1,698/mo. Tenant demand and $505K home values make the yield look reasonable by investor standards.

Are renters plentiful in, MD?

Tenant demand in, MD is solid. The local workforce $1,698/mo rents across most rental classes.

Is, MD landlord-friendly?

, MD operates under MD law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.

Does, MD outperform the MD average?

, MD comes in broadly in line with on the MD comparison. Specific drivers include $505K prices and $1,698/mo rents.

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