JeffCroweCRE

Housing market/Maryland/ZIP 21701

ACS 2023 · FY2027 SAFMR

ZIP 21701 Frederick, Maryland

Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area · Maryland. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
41,340
Households
17,662
Median HH income
$102,306
Renter share
32.8%
Median gross rent
$1,607
Vacancy
6.6%
Pop. change
+11.2%
2BR SAFMR
$2,080
SAFMR / rent
1.294×
2–49 unit stock
4,818
LIHTC proj / units
18 / 1,098
HUD assisted MF
20 / 224

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 21701 · MD — sent to you.

ZIP 21701 · MD

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 21701 — Frederick, MD HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,607
2BR SAFMR$2,080
90% floor$1,872
110% ceiling$2,288

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 21701

  • 1-unit detached7,46339.5%
  • 1-unit attached5,65729.9%
  • 2–4 units1,4887.9%
  • 5–49 units3,33017.6%
  • 50+ units9344.9%
  • Mobile240.1%
TypeUnitsShare
1-unit detached7,46339.5%
1-unit attached5,65729.9%
2 units (duplex)5593.0%
3–4 units9294.9%
5–9 units9605.1%
10–19 units1,5898.4%
20–49 units7814.1%
50+ units9344.9%
Mobile240.1%

2–4 unit share 7.9% · 5–49 unit share 17.6% · combined 2–49 25.5%.

Units by bedrooms

Studio
247
1BR
2,381
2BR
4,715
3BR
6,414
4BR
4,059
5+
1,098

Rent burden

Rent ≥30% of income43.2%
Rent ≥50% of income23.3%
  • ACS median gross rent $1,607 (all bedrooms, occupied rentals).
  • Median contract rent $1,436.
  • Renters paying ≥30% of income 43.2%; ≥50% 23.3%.
  • FY2027 2BR SAFMR $2,080 (1.294× ACS median gross rent).

Population

41,340 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +11.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 18 projects, 1,098 units.
  • HUD project-based assisted MF: 20 properties, 224 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 354 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 21701 32.8% of occupied households are renters; vacancy is 6.6%; ACS median gross rent is $1,607; population increased +11.2% between the 2018 and 2023 ACS vintages; the housing stock includes 1,488 units in 2–4-unit structures and 3,330 units in 5–49-unit structures; 18 LIHTC projects totaling 1,098 units; FY2027 2BR SAFMR is $2,080 versus ACS median gross rent of $1,607. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Maryland research

ZIP 21701 is a Census / HUD profile for Washington-Arlington-Alexandria, DC-VA-MD, MD. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 21701 — Frederick, MD HUD Section 8 Payment Standards / SAFMR·Maryland ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
20001Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area66.3%$2,464$3,43020002Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area62.8%$2,140$2,87020003Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area61.5%$2,630$3,66020004Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area59.2%$2,945$3,53020005Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area70.8%$2,223$3,15020006Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area91.9%$2,035$2,38020007Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area42.6%$2,066$2,61020008Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area64.4%$2,202$3,49020009Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area65.4%$2,346$3,66020010Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area60.1%$1,815$2,55020011Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area46.1%$1,636$2,20020012Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area37.2%$1,638$1,970

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Maryland research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 21701?

ZIP 21701 (Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area) has 41,340 residents, 17,662 households, a renter share of 32.8%, median household income of $102,306, and ACS 2023 median gross rent of $1,607. Vacancy is 6.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 21701?

ACS counts 559 units in 2-unit buildings, 929 in 3–4 unit buildings, 960 in 5–9, 1,589 in 10–19, and 781 in 20–49. Combined 2–49 unit stock is 4,818 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 21701?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,080. See the full schedule and 90–110% payment-standard band on the ZIP 21701 — Frederick, MD HUD Section 8 Payment Standards / SAFMR.

Does this Maryland ZIP profile include Georgia listings?

No. ZIP 21701 is Census / HUD research for Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. Jeff Crowe CRE does not list Maryland property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.