21704, Frederick, MD

The 21704 zip code of Frederick, MD has a median home value of $221,000 and a median home equity value of $137,000. The 21704 zip code is one of the more affordable areas in Maryland with both median home values and median home equity values below the state average. This may be due to the lower population density in this area or the presence of some affordable housing options.

Despite being one of the more affordable areas in Maryland, there is still evidence that home values are increasing in the 21704 zip code. Between 2010 and 2016, the median home value increased by 9%. Over this same period, however, inflation averaged 2% nationally which means that real estate prices have increased faster than inflation in Frederick. Additionally, between 2015 and 2017 there was an increase of 3% in the number of homes sold within the 21704 zip code. This suggests that buyers are increasingly interested in purchasing homes within this area.

While it is likely that real estate prices will continue to increase over time in Frederick, it is important to keep in mind that not all areas within Maryland experience similar levels of growth. In fact, some parts of Maryland have seen slower rates of growth over recent years which could impact house prices here as well.