Frederick, Maryland is a part of the Frederick County Submarket submarket area, and contains 6 zip codes: 21701, 21704, 21709, 21702, 21703, and 21705.
The 2019 average effective rent for Class A, B, and C apartments in the Frederick, MD submarket area was $1,356, which is 20.11% higher than 2014 average rent. This represents a compounded annual growth rate of 3.73%. 2019 vacancy in Frederick, MD was 4.50%.
The total population of the city of Frederick, MD has grown 10.59% since 2010. As of 2018, the population was 72,146. The median household income of the Frederick was $72,088, which is 19.56% higher than the national average.