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Frederick County, MD

RANK #631 / 996  ·  POP 273,829  ·  MD

PROJECTED GROWTH: +0.3%

Frederick County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Frederick County?

Frederick County, Maryland, is often recognized for its historic downtown Frederick, a 40-block area with 18th and 19th-century architecture, shops, and restaurants. Located in western Maryland, the county sits about an hour's drive from both Baltimore and Washington, D.C., making it a commuter-friendly area. The community offers a blend of small-town charm and urban amenities, with views of the Appalachian Mountains providing a scenic backdrop. Outdoor enthusiasts can explore Catoctin Mountain Park, the Appalachian Trail, and various local parks for hiking and other activities.

Life in Frederick County balances suburban and rural living, attracting families and professionals. The public school system is highly rated, and the county offers diverse housing options. Commute options include MARC train service and MTA commuter buses to Baltimore and Washington, D.C. The economy is driven by expanding life science, technology, and manufacturing sectors, with major employers in these fields. Additionally, there is investment in data center development and a growing e-commerce presence.

[02] Market Snapshot

Housing Ratio
7.1x

Overvalued relative to economy

GDP Growth
+3.9%

Above national median

Home Prices
+0.3%

Well below national median

Climate & Terrain
0.1

Moderate climate & terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 7.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Frederick County U.S. National

The Numbers

DEMOGRAPHICS
Population
273,829
+2.37% YoY
Median Household Income
$115,724
Median Home Value
$412,500
+0.3% 12mo
Median Rent
$1,633
Average Annual Pay
$69,852
+4.4% YoY
Employment
108,438
+2.0% YoY
Income-to-Home-Value
0.2805
More affordable than average
Migration Inflow
3.61%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$470,000
Days on Market
52
Moderate pace
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
99.7%
Near asking price
Sold Above List
26.8%
Listings w/ Price Drops
23.0%
Building Permits (2024)
1,562
Single-Family Permits
1,185

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,000M
TOTAL
PROJECT AMOUNT STATUS
Aligned Data Centers Campus Expansion
Aligned Data Centers
$500M Under Construction
Quantum Frederick Data Center Development
Quantum Maryland, LLC
$500M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.9% 70 percentile
Population Growth +2.4% 92 percentile
Income Growth +9.0% 64 percentile
Vacancy Rate 0.6% 92 percentile
Home Price Change +0.3% 34 percentile
Rent Growth +1.0% 20 percentile
Price/Rent 16x 25 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Frederick County, MD a good place to move to?

Frederick County has a Boom Town Index score of 37/100, ranking #631 among 996 U.S. counties. With job growth at +2.0% and a median household income of $115,724, it faces some economic headwinds compared to faster-growing counties.

Is Frederick County affordable?

The median home value in Frederick County is $412,500 with median rent at $1,633/month. The income-to-home-value ratio is 0.2805, which is more affordable than the national average.

Is Frederick County growing or shrinking?

Population growth: +2.4% year-over-year. Job growth: +2.0%. Home values changed +0.3% in the past 12 months.

Are people moving to Frederick County?

Yes — 3.61% of Frederick County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Santa Clara County, CA 47 Clay County, MN 47 Spotsylvania County, VA 47 Stafford County, VA 47 Watauga County, NC 47 Warren County, KY 47 Muskogee County, OK 47 Blount County, TN 47