Mortgage payment estimates, closing cost breakdowns, and homebuying data for Frederick, Maryland.
Median Home Price
$415K
Population
78K
Avg Monthly Rent
$1,650
Property Tax Rate
1.09% *
* Property tax shown is the Maryland state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Frederick.
Frederick vs Maryland Median
The median home price in Frederick is $415,000, which is roughly in line with the Maryland state median of $420,000.
Mortgage Calculator — Frederick, MD
Pre-filled with Frederick median home price and Maryland tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $415K home using Maryland's 1.09% tax rate and $1,700/yr insurance.
5% Down
$3,241/mo
Down: $20,750
Loan: $394K
P&I: $2,492
Tax: $377
Insurance: $142
PMI: $230
10% Down
$3,097/mo
Down: $41,500
Loan: $374K
P&I: $2,361
Tax: $377
Insurance: $142
PMI: $218
20% Down (No PMI)
$2,617/mo
Down: $83,000
Loan: $332K
P&I: $2,098
Tax: $377
Insurance: $142
Income needed (28% rule): $112K/year with 20% down, $133K/year with 10% down.
Rent vs Buy in Frederick
Rent
$1,650/mo
vs
Buy (10% down)
$3,097/mo
Price-to-rent ratio: 21.0 — At a ratio above 20, renting may be more economical in Frederick for shorter stays. Buying costs $1,447 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Frederick is $415,000, roughly in line with the Maryland state median of $420,000. With a population of 78,171, Frederick is a smaller market where home prices tend to be more accessible than in many parts of Maryland.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $415,000 home in Frederick would carry roughly $377/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Frederick is $1,650/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Frederick is a higher-cost market. At $415K median, buyers need significant savings or strong income. Down payment assistance through Maryland's MD Mortgage Program program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Frederick.