Mortgage payment estimates, closing cost breakdowns, and homebuying data for Frederick, Maryland.
Pre-filled with Frederick median home price and Maryland tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maryland rates and fees applied to Frederick prices.
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.