- Downtown Frederick spans 50 blocks long with restaurants, local shops and cultural attractions.
- The city is part of the third largest biotech community in the country.
- The cost of a median single family home in Frederick is $395,585, accoridng to Altos Research.
Frederick, Maryland, is just one hour from Washington D.C. and is a longstanding favorite among parents seeking community outside of the busy city. Because Frederick is so close to the nation’s capital, the town acts as an epicenter for local business, rich American culture, family-friendly values and scenic beauty.
Located at the northern part of the Interstate 270 technology corridor, the town is part of the third largest biotech community in the country, with companies like DynPort Vaccines, Eminent Services, Invitrogen, Medigen and ProPharma Group setting their headquarters in Frederick.
Beyond its bustling biotech scene, Frederick is also home to the National Museum of Civil War Medicine and Gambrill State Park.
Frederick was ranked the second smartest city in the U.S. by Forbes in 2008, with over a third of the workforce holding a four-year degree or higher. In addition, publications like Thrillist, Movoto and CNN have regularly ranked Frederick as one of the safest communities and pleasant places to live in the U.S.
Fun in Frederick
The Downtown area of Frederick spans 50 blocks and holds celebrated restaurants, local retail shops and a booming cultural and arts scene.
Celebrate Frederick, an organization that works with the local special events committee, holds 11 events throughout the year, most which are free to the public. Admission fees for some events are used to fund various City of Frederick design projects. The majority of events are held with the help of corporate sponsors.
Living in Frederick
The cost of a median single family home in Frederick is $395,585, according to Altos Research. Altos ranks Frederick as a seller’s market, with a Market Action Index that’s been climbing steadily since the housing crash.
According to Altos, average time on the market in Frederick is 112 days, down from 136 days back in March. Additionally, Frederick holds 280 homes for sale at the moment.
In the greater Frederick County, median price climbed 7.3 percent annually in June to reach $295,000, according to the Maryland Association of Realtors (MAR). MAR data showed inventory was down in June from last year, with 1,219 units on the market. Months’ inventory was below what is considered a balanced supply, at 2.6 months, according to MAR.