Real Estate Investing in Frederick, Maryland (21702)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21702 (Frederick, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Frederick, MD (21702)?
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Market Analysis: 21702 Frederick
This part of Frederick County is not an easy win. The 21702 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 21702 is significant only for operators who understand what they are buying. A $462K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Frederick have seen price recovery that 21702 has not matched. Frederick County data supports the view that the spread is structural rather than temporary.
Demographically, 21702 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 21702 is an operator game, not a passive one. On the rental side, entry prices of $462K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Frederick:
Property Strategy for 21702
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $271,688 | $1,780 | 4.7% | +9.7% | $135,844 |
| 3BR | $419,652 | $2,250 | 3.9% | +8.0% | $139,884 |
| 4BR | $553,351 | $2,640 | 3.4% | +7.4% | $138,338 |
| 5BR | $680,701 | — | — | +7.4% | $136,140 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21702 Compare?
| Metric | 21702 | Frederick | Maryland |
|---|---|---|---|
| Home Value | $461,752 | $397,349 | $424,997 |
| 5-Year CAGR | 4.2% | 4.0% | 4.9% |
| Avg Rent | $1,999 | $2,391 | - |
| Cap Rate | 3.4% | 3.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21702 (Frederick, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,752 |
| Monthly Rent | $1,999 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 21702
Population: 47,437
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 21702
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 767 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Frederick, MD?
Frederick, MD rentals go for roughly $1,999/mo a month. That puts gross yield in solid territory relative to $462K acquisition costs.
How qualified is the tenant pool in Frederick, MD?
The tenant pool in Frederick, MD is solid, supported by local employment and population fundamentals. Rents of $1,999/mo are well-absorbed by the market.
Is housing expensive in Frederick, MD?
Frederick, MD home values average about $462K. That price point suits investors targeting rentals with $1,999/mo in monthly income.
Is Frederick, MD landlord-friendly?
MD law landlord-friendly for landlords, and Frederick inherits those rules. Investors should still review local ordinances for rental licensing.
Which real estate strategy fits Frederick, MD?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Frederick, MD. The numbers - $462K homes against $1,999/mo rents - support that play.
You know 21702 now. You don’t know where it ranks.
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How 21702 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
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