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Prince Frederick

Learn about the people, housing, costs and businesses in Prince Frederick, Maryland

Median Home$453,044
Median Rent$1,232/month
Population3,172
Leading IndustriesWholesale Trade · Transportation · Construction11% wholesale trade
Home Value Growth+6.2% over 2 years
Young Adults29% of residentsslightly above average
Homeowners71% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableHigh Incomes$115k/year · top 10% nationally
Prince Frederick
MD

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Prince Frederick?

As of today, the 30-year fixed mortgage rate for Prince Frederick is approximately 6.883% (6.919% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Prince Frederick?

The median home value in Prince Frederick is $453k. The median monthly rent is $1,232. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prince Frederick?

Home values in Prince Frederick have increased 6.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Prince Frederick?

Based on a typical all-in ownership cost of $1,930/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prince Frederick is $115k/year.

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What industries drive the economy in Prince Frederick?

The largest employment sectors in Prince Frederick are public administration (20%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.