What is the median home value in ZIP 21705 in Frederick County, MD?

The median home value in ZIP 21705 in Frederick County, MD is $437,700, according to the latest Census ACS 5-Year Estimates.

How much new construction is happening in Frederick County, MD?

Frederick County has 280,341 residents and issued 1,127 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Washington-Arlington-Alexandria, DC-VA-MD-WV · Maryland

Frederick County

ZIP 21705

280,341 residents1,127 permits TTM$120,458 median HHI28 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$437,700

ACS 5-Year

Cap rate proxy

6.2%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.0%

HUD FMR ÷ ACS HHI

Net migration

+2.46%

IRS SOI

Permits (TTM)

1,127

Census BPS

Climate risk

74.2

FEMA NRI (0–100)

ZIP 21705

Median home value

$437,700

Gross yield

5.1%

Cap rate

4.7%

Rent gap

8.3%

Affordability

P/I: 3.6R/I: —

Section 8 detail

SAFMR: $1,860Rent: $1,706Gap: 9.0%

ZIP code breakdown28 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
21717	$437,700county est.	$2,470	6.8%	4.7%	30.9%
21790	$437,700county est.	$1,950	5.3%	4.7%	12.5%
21703	$414,076	$2,100	6.1%	6.2%	-2.5%
21705	$437,700county est.	$1,860	5.1%	4.7%	8.3%
21758	$451,318	$1,920	5.1%	4.5%	11.2%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$446,436	$1,860	5.0%	6.0%	-20.1%
$363,689	$1,190	3.9%	5.6%	-43.4%
$388,905	$1,270	3.9%	5.3%	-34.3%
$389,997	$1,340	4.1%	5.2%	-27.3%
$463,732	$1,860	4.8%	5.2%	-7.3%
$598,229	$2,790	5.6%	5.1%	8.5%
$458,345	$1,780	4.7%	5.0%	-7.4%
$411,045	$1,250	3.6%	5.0%	-36.5%
$434,863	$1,310	3.6%	4.7%	-30.2%
$437,700county est.	$1,790	4.9%	4.7%	4.7%
$437,700county est.	$1,590	4.4%	4.7%	-7.3%
$437,700county est.	$1,260	3.5%	4.7%	-35.4%
$441,273	$1,490	4.1%	4.6%	-14.5%
$651,676	$2,870	5.3%	4.2%	20.9%
$499,085	$1,260	3.0%	4.1%	-35.4%
$515,436	$1,910	4.4%	4.0%	10.7%
$544,758	$1,890	4.2%	3.8%	9.7%
$558,920	$1,770	3.8%	3.7%	3.6%
$564,078	$1,340	2.9%	3.6%	-27.3%
$625,690	$2,220	4.3%	3.3%	23.1%
$654,680	$2,040	3.7%	3.1%	16.4%
$659,279	$2,040	3.7%	3.1%	16.4%
$679,594	$1,970	3.5%	3.0%	13.4%

Demographics

Owner-occupied

77.0%

Census ACS

Vacancy rate

4.4%

Census ACS

Bachelor's degree +

44.9%

Census ACS

Rent burdened

45.7%

Census ACS (>30% income)

Median age

38.9

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Frederick County

See all 28 ZIPs ranked by yield and cap rate