Housing Insights for ZIP Code 21704 (Frederick, MD)

Housing Summary for ZIP Code 21704

Homeowners

The median home value in ZIP Code 21704 (Frederick, MD) is $493,500. Approximately 85.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 21704 is 3.16 occupants, while owner-occupied units have an aggregate average size of 3.71 bedrooms per housing unit.

Renters

In the 21704 ZIP Code, an estimated 14.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.74 occupants, while renters in this Frederick County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21704

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21704.

ZIP 21704 Maryland U.S.
Median Home Value $493,500 $433,613 $361,498
Owner-Occupied Housing Units 85.2% 66.9% 64.0%
Homeowner Vacancy Rate 0.0% 1.7% 1.6%
Average Size of Owner-Occupied Unit 3.16 2.75 2.70
Average # of Bedrooms Per Unit 3.71 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 14.8% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.74 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21704 (Frederick, MD)

The median home value in ZIP Code 21704 is $493,500. That median value is about 57% higher than the median home value of $314,800 in Maryland overall, and is 127% higher than the $217,500 the median home value in the entire U.S. An estimated 47.2% of homes in ZIP Code 21704 are valued $500,000 to $999,999. That is 176% higher than in the state of Maryland, in which 17.1% of homes are valued at $500,000 to $999,999, and is about 314% higher than in the U.S. overall (11.4% of homes valued at $500,000 to $999,999). The home value range that the smallest portion of ZIP Code 21704 homes fall into is $50,000 to $99,999 (0.0% of homes).

Home Values in ZIP Code 21704

This chart visualizes the breakdown of home values in ZIP Code 21704, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21704 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21704

See the table below for a regional comparison of home values in ZIP Code 21704.

Home Value ZIP 21704 Maryland U.S.
Less than $50,000 2.1% 2.7% 6.9%
$50,000 to $99,999 0.0% 3.7% 12.0%
$100,000 to $149,999 0.5% 6.3% 13.3%
$150,000 to $199,999 1.8% 9.9% 14.0%
$200,000 to $299,999 8.4% 24.4% 19.6%
$300,000 to $499,999 38.2% 32.8% 19.3%
$500,000 to $999,999 47.2% 17.1% 11.4%
$1,000,000 or more 1.9% 3.1% 3.4%

Home Ages in ZIP Code 21704 (Frederick, MD)

Approximately 51.1% of homes in this Frederick, MD region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 21704 is about 348% higher than percentage of homes built in this time period in Maryland overall (11.4% of homes), and is 265% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 10.6% of local homes were built in 2010 to 2013. On the other end of the scale, just 1.0% of homes in this Frederick County ZIP Code were built in 1940 to 1949 in ZIP Code 21704. In comparison, 5.2% of homes in Maryland overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21704

A detailed regional comparison of home ages in ZIP Code 21704.

Year Built ZIP 21704 Maryland U.S.
2014 or later 5.5% 2.3% 2.5%
2010 to 2013 10.6% 2.6% 2.7%
2000 to 2009 51.1% 11.4% 14.0%
1990 to 1999 7.4% 14.3% 13.9%
1980 to 1989 6.7% 15.3% 13.4%
1970 to 1979 3.8% 14.1% 15.2%
1960 to 1969 7.5% 11.5% 10.6%
1950 to 1959 3.4% 11.4% 10.3%
1940 to 1949 1.0% 5.2% 4.9%
1939 or earlier 2.9% 11.8% 12.6%

Age of Homes in ZIP Code 21704

See the chart below for details on the age of homes in ZIP Code 21704, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 21704

Frequently asked questions about housing in this Frederick, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21704.

1

What is the average home value ZIP Code 21704?

The median home value in ZIP Code 21704 (Frederick, MD) is $493,500.
2

Are homes expensive in ZIP Code 21704?

The median home value in 21704 ($493,500) is an estimated 57% higher than the aggregate median value of $314,800 in Maryland, and is 127% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 21704?

The vacacy rate for owner-occupied housing in ZIP Code 21704 is 0.0%. This rate is 100% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21704 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21704 have older homes or newer construction?

In ZIP Code 21704, about 51.1% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 10.6% of homes in the region were built in 2010 to 2013. In contrast, 1.0% of homes in 21704 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 21704? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21704 than renter-occupied housing. Owner-occupied units make up 85.2% of housing, compared to 14.8% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21704?

The vacacy rate for rental units in ZIP Code 21704 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21704 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.