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ZIP Code · MD

ZIP 21702

Pop. 49,605·Frederick County·67th most expensive ZIP in Maryland
Median rent (all units)
$1,999/mo
Year-over-Year
+5.6%
Month-over-Month
-1.0%
vs US Median
+$37
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 21702 · $1,999
More expensive than 60% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,550
1 BR
$1,600
2 BR
$1,780
3 BR
$2,250
4 BR+
$2,640
Research median
$1,780/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,988/yr
At $1,999/mo median
Location
StateMD
CountyFrederick County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.6% YoY, -1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 21702 (Frederick, MD) is majority owner-occupied, has a median income above the national average, 41.4% of residents hold a bachelor's degree or higher.

Population
49,605
Median income
$106,983
Median age
38.1
Renters
34.8%
Age distribution
22.8%
21.7%
28.7%
15%
Under 1822.8%
18–3421.7%
35–5428.7%
55–6411.9%
65+15%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
53.1%
16.7%
21.8%
White53.1%
Black16.7%
Hispanic21.8%
Asian5.9%
Other2.4%
Education (25+)
20.4%
27.3%
41.4%
No HS diploma10.9%
HS diploma20.4%
Some college27.3%
Bachelor's+41.4%
Housing tenure
65.2%
34.8%
Owner65.2%
Renter34.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 21702 in Frederick, MD has changed in 5 years

Rent
$1,498 → $1,999
up 33.4%
Income
$92,267 → $106,983
up 15.9%
Population
44,783 → 49,605
up 10.8%
Renter share
35.6% → 34.8%
-0.8 pts
Bachelor's+
40% → 41.4%
+1.4 pts

Since 2021, the typical rent in ZIP 21702 in Frederick, MD has increased from $1,498 to $1,999, a 33.4% change over five years. Median household income rose from $92,267 to $106,983 between 2021 and 2024, a 15.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 10.8% since 2021, moving from about 44,783 residents to roughly 49,605. Taken together, the five-year picture in ZIP 21702 in Frederick, MD reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 21702

Last updated: August 17, 2026

ZIP code 21702 covers Frederick, MD. The median rent here is $1,999/mo as of August 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,780/mo.

At 22% of local median household income ($106,983/yr), ZIP 21702 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 21702?

As of August 17, 2026, the median monthly rent in ZIP 21702 (Frederick, MD) is $1,999. This is based on aggregated data from public sources and community submissions.

How does ZIP 21702 rent compare to the US average?

ZIP 21702's median rent of $1,999/mo is $37 (2%) above the US national median of $1,962/mo.

How does ZIP 21702 compare to other ZIPs in Maryland?

ZIP 21702 falls in the middle range for Maryland, ranking #67 out of 139 ZIPs at $1,999/mo.

How much income do you need to rent in ZIP 21702?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,999/mo in ZIP 21702. The local median household income is $106,983/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 21702?

Rent in ZIP 21702 has increased 5.6% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 21702 an affordable place to rent?

ZIP 21702 is considered very affordable for renters. At $1,999/mo, rent takes approximately 22% of the local median household income ($106,983/yr). The standard benchmark is 30%. ZIP 21702 falls comfortably within that range.

What percentage of ZIP 21702 residents rent vs. own?

According to Census data, approximately 34.8% of ZIP 21702 households are renters, while 65.2% are owner-occupied. ZIP 21702 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 21702 compare to the rest of Frederick?

ZIP 21702 is more affordable than Frederick overall. At $1,999/mo, it's $197 below the Frederick citywide median of $2,196/mo.

When was rent data for ZIP 21702 last updated?

Rent data for ZIP 21702 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,999/mo, rent takes ~22% of ZIP 21702's median household income ($106,983/yr). The standard benchmark is 30%.

ZIP 21702 22%Benchmark 30%
State income tax2–5.75%
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