Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,226, 1,066 total housing units (homes and apartments), and a median house value of $444,185, Prince Frederick real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Prince Frederick, accounting for 38.25% of the town's housing units. Other types of housing that are prevalent in Prince Frederick include large apartment complexes or high rise apartments ( 36.81%), single-family detached homes ( 21.54%), and a few mobile homes or trailers ( 2.29%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in Prince Frederick are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 46.30% owning and 53.70% renting.
Prince Frederick homes and real estate are some of the newest in America. 57.17% of Prince Frederick's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Prince Frederick real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.27%), and between 1940-1969 ( 5.85%). There's also some housing in Prince Frederick built before 1939 ( 2.71%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Prince Frederick, where house values have increased just 42.42%, which is annualized rate of 3.60%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Prince Frederick appreciation rates have trailed the rest of the nation. In the last twelve months, Prince Frederick's appreciation rate has been 1.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Prince Frederick were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Prince Frederick one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Prince Frederick's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.
$444,185
for Maryland
for nation
1,066
$881 / per month