Frederick County Real Estate and Livability Trends
Frederick County, Maryland's median home values reached $412,500 in 2022, outpacing both state and national averages, suggesting strong future returns. Average taxable income per tax return has risen sharply from $71,941.71 in 2013 to $97,724.31 in 2021, alongside notable increases in average state and local income taxes, which could indicate potential for higher property values. Property crimes... Read more
Frederick County Market Trends
Frederick County, Maryland's median home values have surged to $412,500 in 2022, outpacing both the state's average of $380,500 and the national average of $179,400, hinting at strong future returns and potential for increased equity. The average residential energy tax credit per tax return has seen dramatic fluctuations, peaking at $4006.38 in 2018 before stabilizing at $1451.18 in 2021,... Read more
Median Value of Occupied Housing Units in Frederick County, Maryland Over the Last 8 Years
The median home values in Frederick County, Maryland saw an upward trajectory over the last eight years, reaching $412,500 in 2022. This pace of growth outpaced both Maryland’s average, which capped at $380,500, and the national average, which was $179,400 in the same year. For those considering investing, moving, or building property, Frederick County’s robust growth could indicate strong desirability and potential for future returns. This trend might also translate to increased property equity for current homeowners.
Residential Energy Tax Credit Per Tax Return in Frederick County, MD Over the Last 9 Years
In Frederick County, Maryland, the average residential energy tax credit per tax return has seen notable fluctuations over the last nine years. After a steady increase from $627.70 in 2013 to $723.03 in 2016, there was a significant spike to $1012.82 in 2017, and a dramatic peak at $4006.38 in 2018. This was followed by a sharp decline, settling around $1451.18 in 2021. These trends could indicate varying adoption rates of energy-efficient improvements or changes in tax incentives, factors that might influence decisions for property investments or renovations in the county.
Average Real Estate Taxes Per Tax Return in Frederick County, MD Over the Last 10 Years
Frederick County, Maryland has seen a steady increase in average real estate taxes per tax return over the last decade, jumping from approximately $4,011.78 in 2012 to about $5,353.27 in 2021. This rising trend might be a critical factor to consider for prospective homebuyers or investors as it potentially reflects escalating property values in the area. Insurance agents, real estate appraisers, and property developers might find these trends particularly noteworthy when evaluating the financial implications of real estate transactions in Frederick County. For residents and those contemplating a move, understanding this tax trajectory can provide insight into future budget planning and the overall economic health of the region.
Percentage of Farm Returns in Frederick County, MD Over the Last 10 Years
Farm returns in Frederick County, Maryland, have shown a steady decline over the past decade, dropping from around 1.04% in 2012 to roughly 0.83% in 2021. Farm tax returns are filings that report income generated from agricultural activities and can serve as an indicator of the economic health and activity in the farming sector. This downward trend might suggest a shift in the county's economic landscape, potentially impacting those interested in investing in, building, or moving to rural or farming properties in Frederick County. This change may reflect broader economic shifts, such as urbanization or changes in local agriculture viability.
Number of Mortgages by Occupancy Type in Frederick County, MD Over the Last 5 Years in Frederick County
In Frederick County, Maryland, the number of mortgages for principal residences has consistently remained significantly higher compared to investment and second residences over the past five years. There's been an uptick in mortgage counts for investment properties from 2018 to 2021, peaking at 1,387 in 2021 before dropping sharply in 2022. Meanwhile, second residences have seen relatively stable, low numbers. These shifts hint at varying market dynamics and demand which could impact property values, rental income potential, and overall real estate investment strategies in the county. For appraisers, real estate agents, and investors, understanding these trends could inform better decision-making and strategic planning.
Economic Outlook
Frederick County, Maryland has shown a consistent rise in average taxable income per tax return from $71,941.71 in 2013 to $97,724.31 in 2021, reflecting economic prosperity which could attract investors and new residents. The corresponding increase in average state and local income taxes from $8,000.55 to $11,855.50 indicates potential for higher property values. Poverty rates have fluctuated but generally declined, hitting a low of 4.5% in 2022, suggesting economic improvements that could... Read more
Average Taxable Income per Tax Return in Frederick County, MD over the last 9 years
Over the past nine years, Frederick County, Maryland has seen a steady increase in average taxable income per tax return, rising from approximately $71,941.71 in 2013 to around $97,724.31 in 2021. This upward trend suggests growing economic prosperity and could indicate a robust local economy, making it an appealing prospect for investors, real estate agents, and those considering moving to the area. Such trends also imply potentially higher property values and a more affluent resident base, which may be of interest to appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Frederick County, MD Over the Last 10 Years
Over the past decade, Frederick County, Maryland has experienced a noticeable increase in average state and local income taxes per tax return, starting at $8,000.55 in 2012 and reaching $11,855.50 by 2021. This consistent rise paralleled broader regional economic developments, and it may reflect both increased income levels and changes in tax policies. For investors, builders, and prospective residents, monitoring these trends could be valuable for financial planning and forecasting future tax liabilities.
Average Total Tax Liability Per Tax Return in Frederick County, MD Over the Last 10 Years
The average total tax liability per tax return in Frederick County, Maryland, has shown a consistent upward trend over the past decade, with a notable increase from $11,016.76 in 2012 to $16,251.61 in 2021. This gradual rise could suggest growing incomes or changes in tax policies impacting residents. For investors, appraisers, and real estate agents, understanding this trend is crucial as it might reflect on the financial health and potential property value appreciations in the area. Additionally, those looking to move to Frederick County should consider the potential tax liability when planning their finances.
Cost of Living in Frederick County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,933 | $1,613 | $1,404 | $2,071 | $1,821 |
| 1 adult 4 children | $1,933 | $1,317 | $1,069 | $2,071 | $1,988 |
| 2 adults 3 children | $1,933 | $1,317 | $1,220 | $2,071 | $1,583 |
| 1 adult 3 children | $1,933 | $1,076 | $886 | $2,071 | $1,767 |
| 2 adults 2 children | $1,546 | $1,078 | $1,036 | $1,811 | $1,271 |
| 1 adult 2 children | $1,546 | $806 | $702 | $1,811 | $1,353 |
| 2 adults 1 child | $1,546 | $852 | $853 | $966 | $1,075 |
| 1 adult 1 child | $1,546 | $551 | $518 | $966 | $1,026 |
| 2 adults | $1,358 | $685 | $669 | $0 | $866 |
| 1 adult | $1,336 | $373 | $334 | $0 | $798 |
Safety trends & Data
Frederick County, Maryland, has experienced significant drops in property crimes over the past four years. Larceny-theft incidents, which peaked at 661 in 2019, declined to 300 by 2022, while burglary arrests fell from 117 to 45 in the same period. Vandalism and fraud arrests also saw considerable reductions, with fraud dropping from 132 in 2019 to 27 in 2022. For investors and real estate professionals, these trends could hint at an improving crime environment, potentially boosting property... Read more
Property Crime Trends in Frederick County, MD Over the Last 4 Years
Frederick County, Maryland, has seen notable fluctuations in property crimes over the past four years. Larceny-theft remains the most reported crime, peaking at 661 incidents in 2019 and then declining steadily to 300 in 2022. Burglary arrests showed a similar trend, jumping to 117 in 2019 before decreasing to 45 by 2022. Vandalism and fraud also experienced significant drops, with fraud arrests plummeting from 132 in 2019 to 27 in 2022. For investors and real estate professionals, these patterns suggest an improving crime landscape, which may enhance property values and attract potential residents. However, continual monitoring is advisable as crime rates can shift, impacting insurance premiums and property appraisals.
Demographics
Frederick County, Maryland, shows a balanced gender ratio among adults and a significant portion of the population possesses higher education degrees, with Bachelor's and graduate or professional degrees being relatively prominent. The age distribution indicates a relatively even spread across various age brackets, with notable populations in both younger and middle-aged groups. Racially, the county is predominantly White, followed by a smaller but notable Black or African American community,... Read more
Race Distribution in Frederick County, Maryland (2022)
Educational Attainment in Frederick County, Maryland (2022)
Age Distribution in Frederick County, Maryland
Citizen Population in Frederick County, Maryland (2022)
Political Trends & Data
Frederick County, Maryland, showcased a competitive political landscape in the 2020 U.S. Presidential Election. Democrats appeared to have a slight edge with around 53% of the vote, while Republicans were close behind at approximately 44%. Minor parties had little impact, pulling in less than 3% of the total votes. This balanced political climate might influence local real estate market dynamics, potentially affecting buyer preferences and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Frederick County, Maryland, exhibited a slight Democratic preference in the 2020 U.S. Presidential Election, with approximately 53% of votes cast in favor of the Democratic candidate. The Republican candidate received around 44%, suggesting a competitive political landscape. Minor parties, such as the Libertarians and Greens, garnered minimal support, collectively accounting for less than 3% of the vote.
43.73% of voters voted for the Republican party in the 2020 Presidential Election
53.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.57% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Green party in the 2020 Presidential Election
0.89% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Frederick County, Maryland has mostly stayed above the national average of 14 students per teacher over the past decade, peaking at 16 in 2017. This trend hints at more crowded classrooms, which might impact educational outcomes and the demand for additional teaching staff. For real estate stakeholders, these fluctuations can influence property values and inform potential buyers about the educational environment, while also affecting local community planning and... Read more
Student-to-teacher ratio in Frederick County, Maryland over the last 10 years
Over the past decade, the student-to-teacher ratio in Frederick County, Maryland has seen slight fluctuations, peaking at 16 students per teacher in 2017. Even with the slight decline observed in more recent years, the ratio remains mostly above the national average of 14 students per teacher. This marginally higher ratio could imply more crowded classrooms, which might influence educational outcomes and the local demand for additional teaching staff. For investors or developers, understanding these trends is crucial as they may affect property values in areas perceived to have better educational resources. Real estate agents and appraisers, in particular, could use this data to better inform potential buyers about the educational environment, while insurance agents might consider the implications of these ratios on local community planning and infrastructure needs.
