Total monthly cost of ownership
Cost to Own a Home in Frederick, Maryland
A $365,000 home here costs
$2,935per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,876. The real number is $1,059 higher every month — 56% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Frederick against Frederick County and Maryland
| Measure | Frederick | Frederick County |
|---|---|---|
| Median home value | $365,200 | $437,700 |
| Median property tax | $4,799 | $4,463 |
| Effective tax rate | 1.314% | 1.020% |
| Median gross rent | $1,688 | $1,706 |
| Population | 80,617 | 280,341 |
The weather behind that power bill
Frederick sits in Frederick County, which averages a high of 88.6°F in its hottest month and a low of 26.5°F in its coldest, with 43.52" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,397 cooling and 4,275 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Frederick County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Frederick County
Full Frederick County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Frederick?
A $365,000 home in Frederick, Maryland costs approximately $2,935 per month with 20% down at 6.66%. That is $1,876 principal and interest, $400 property tax, $91 homeowners insurance, $264 utilities and $304 set aside for maintenance.
What is the property tax rate in Frederick?
Frederick has an effective property tax rate of 1.314%, based on a median home value of $365,200 and median real estate taxes of $4,799. That is higher than the Frederick County average of 1.020%.
What is the average home price in Frederick?
The median owner-occupied home value in Frederick, Maryland is $365,200, against $437,700 across Frederick County.
Is it cheaper to rent or buy in Frederick?
Median gross rent in Frederick is $1,688 a month, against $2,935 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Frederick — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Maryland.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.