1031 Exchange Frederick, Maryland

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Frederick due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Frederick, Maryland is a part of the Frederick County Submarket submarket area, and contains 6 zip codes: 21703, 21709, 21704, 21702, 21705, and 21701.

Frederick Demographics & Economic Trends

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.

  • submarket area Frederick County Submarket
  • avg rent $1,356
  • rent growth 20.11%
  • vacancy 4.50%
  • median income $72,088
  • population (2018) 72,146
  • population growth 10.59%
  • vs. nat'l avg 19.56%
  • zip codes 21701 21702 21703 21704 21705 21709

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