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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Prince Frederick, MD Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Prince Frederick, MD Housing Market Trends

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%).

Prince Frederick Home Appreciation Rates

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.

Average Home Values

Median Home Value

$444,185

Prince Frederick, MD Home Prices
> $1,188,000
$891,001 - $1,188,000
$594,001 - $891,000
$475,001 - $594,000
$356,001 - $475,000
$238,001 - $356,000
$119,001 - $238,000
$59,001 - $119,000
$0 - $59,000
1.8%
1.8%
0.9%
0.9%
18.5%
18.5%
24.3%
24.3%
32.1%
32.1%
12.1%
12.1%
7.0%
7.0%
0.3%
0.3%
2.9%
2.9%
0% 100.0%
% of Homes
Average

for Maryland

High

for nation

Number of Homes And Apartments:

1,066

Prince Frederick Appreciation Rates

Rent & Ownership

Average Market Rent:

$881 / per month

Homeownership Rate

Owners
Renters
46.3%
46.3%
53.7%
53.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.6%
9.6%
90.4%
90.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
57.2%
57.2%
34.3%
34.3%
5.9%
5.9%
2.7%
2.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
21.5%
21.5%
38.3%
38.3%
1.1%
1.1%
36.8%
36.8%
2.3%
2.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.0%
1.0%
22.9%
22.9%
23.9%
23.9%
33.9%
33.9%
15.3%
15.3%
3.0%
3.0%
0% 100.0%
% of Homes