Frederick County, Maryland: commercial real estate data.
Frederick County, Maryland has a population of 287,048 across 660 square miles, up 10.2 percent since the 2020 census base. County output reached $20.35 bn in 2024, 6,591 establishments operate here, and the SBA record carries 363 7(a) approvals worth $158.2 m.
123 sourced county values · tier FULL · 11 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Frederick County
How many people live in Frederick County
- Population287,048
- Households104,635
- Average household size2.74
- Median household income$122,002
- Median age39.0
- Median gross rent$1,774 per month
- Median owner-occupied home value$464,600
- Home value to household income3.8 times
- Annual rent as a share of median income17.4 percent
- Adults 25 and over with a bachelor degree or higher45.8 percent
- Adults 25 and over with a graduate degree20.5 percent
- Adults 25 and over196,490
- Population under 1866,996
- Share under 1823.3 percent
- Population 65 and over43,882
- Share 65 and over15.3 percent
- Working age population, 18 to 64176,170
- Civilian labor force157,379
- Unemployment rate3.3 percent
- Labor force participation, adults 18 and over71.5 percent
- Rank by population among Maryland counties7th of 24
- Rank by population among US county-equivalents252nd
Frederick County is the 7th largest of 24 Maryland counties by population. A median home costs 3.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.3 percent against 15.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Frederick County
Is Frederick County's population growing?
- Population change since the 2020 census base10.16 percent
- Census 2020 base population271,720
- Births, 20242,981
- Deaths, 20242,133
- Natural change, 2024848
- Net domestic migration, 20242,546
- Net international migration, 20241,778
- Total net migration, 20244,324
- Cumulative net domestic migration, 2021 to 202417,805
- Rank by growth among US county-equivalents143rd
The county has grown 10.16 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Frederick County
Where are people moving to Frederick County from?
- Tax returns filed by households arriving9,170
- People arriving, from those returns17,284
- Adjusted gross income arriving$847.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$92,424
- Largest single originFrederick County Non-migrants (108,162 households)
- Largest single destination (108,162 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Frederick County Non-migrants | 108,162 | 225,717 | $11.72 bn |
| Montgomery County | 2,690 | 5,302 | $257.8 m |
| Other flows - Different State | 2,174 | 4,061 | $194.0 m |
| Other flows - South | 1,068 | 1,982 | $88.4 m |
| Other flows - Northeast | 496 | 866 | $43.8 m |
| Howard County | 471 | 1,010 | $53.7 m |
| Washington County | 464 | 813 | $29.2 m |
| Carroll County | 380 | 639 | $31.1 m |
The largest single source of arrivals is Frederick County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Frederick County
What is the Frederick County economy?
- County GDP, 2024$20.35 bn
- County GDP, 2023$19.15 bn
- GDP change, 2023 to 20246.3 percent
- GDP change over five years41.7 percent
- Rank by GDP among Maryland counties7th
- Rank by GDP among US county-equivalents257th
- GDP per resident$70,902
Output grew 6.3 percent in the latest year and 41.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Frederick County
Largest employers in Frederick County
- Covered employment, annual average108,438
- Establishments reporting7,170
- Average annual pay$69,852
- Average weekly wage$1,343
- Sector 44-45, employment14,606
- Sector 44-45, average annual pay$41,389
- Sector 62, employment13,097
- Sector 62, average annual pay$61,040
- Sector 54, employment11,144
- Sector 54, average annual pay$101,682
- Sector 23, employment10,110
- Sector 23, average annual pay$78,470
- Sector 72, employment10,043
- Sector 31-33, employment5,642
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 14,606 | 709 | $41,389 |
| Sector 62 | 13,097 | 773 | $61,040 |
| Sector 54 | 11,144 | 1,297 | $101,682 |
| Sector 23 | 10,110 | 849 | $78,470 |
| Sector 72 | 10,043 | 508 | $27,553 |
| Sector 31-33 | 5,642 | 226 | $74,082 |
| Sector 56 | 5,204 | 424 | $58,976 |
| Sector 81 | 4,284 | 632 | $52,545 |
The largest sector is the biggest private employer group at 14,606 jobs, 13.5 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Frederick County
How many businesses are in Frederick County?
- Establishments, all industries6,591
- Employment at those establishments95,077
- Annual payroll$5.69 bn
- Establishments per 1,000 residents23.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Frederick County
Building permits in Frederick County
- Housing units authorised by permit, 20241,562
- Declared construction value permitted$431.6 m
- Single family units authorised1,185
- Multifamily units authorised377
- Multifamily share of units24.1 percent
- Average declared value per unit$276,308
- Units authorised per 1,000 households14.9
Multifamily is 24.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Frederick County
SBA loans in Frederick County (7(a) and 504)
- 7(a) approvals recorded363
- 7(a) gross approval dollars$158.2 m
- Average 7(a) approval$435,918
- Median 7(a) approval$135,000
- 10th percentile approval$20,200
- 90th percentile approval$1,092,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)3,958
- Jobs per approval10.9
- Distinct 7(a) lenders active55
- Distinct industries receiving approvals129
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.8 percent
- Loans on real estate terms32
- Loans on working capital terms, 120 months or shorter306
- Franchise loans46
- Franchise share of approvals12.7 percent
- Leading industry by approval countFull-Service Restaurants (26)
- Most active lenderManufacturers and Traders Trust Company (187)
- 504 approvals recorded53
- 504 gross approval dollars$55.5 m
- Average 504 approval$1,046,906
- Median 504 approval$619,000
- Distinct CDCs active4
- 504 jobs per approval13.6
- 504 jobs per million dollars approved13.0
- Most active CDCBusiness Finance Group, Inc. (36)
- 7(a) share of SBA approvals87.3 percent
- Combined SBA approval dollars$213.7 m
The average approval of $435,918 sits well above the median of $135,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 8.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Frederick County
SBA loan default and charge-off rates in Frederick County
Do SBA loans in Frederick County get paid back?
- Loans with a final outcome recorded55
- Paid in full51
- Charged off4
- Charge off rate on resolved loans7.3 percent
- Status: Paid in full51
- Status: Exempt from disclosure225
- Status: Charged off4
- Status: Cancelled49
- Status: Committed, not yet disbursed34
Of the 55 loans that have reached a final outcome, 7.3 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Frederick County
SBA lending by place in Frederick County
- Places in the county with recorded lending19
- Frederick, approvals244
- Mount Airy, approvals24
- NEW MARKET, approvals14
- BRUNSWICK, approvals13
- MONROVIA, approvals12
- THURMONT, approvals10
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Frederick | 244 | $117,923,500 |
| Mount Airy | 24 | $7,426,600 |
| NEW MARKET | 14 | $4,425,500 |
| BRUNSWICK | 13 | $1,083,000 |
| MONROVIA | 12 | $1,765,300 |
| THURMONT | 10 | $4,806,000 |
| WALKERSVILLE | 8 | $4,645,000 |
| JEFFERSON | 6 | $2,426,000 |
Frederick accounts for 244 approvals against 24 in Mount Airy. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Frederick County
How large is Frederick County?
- Land area660 sq mi
- Rank by land area among Maryland counties1st of 24
- Width, east to west30.5 mi
- Height, north to south34.5 mi
- Geographies sharing a boundary4
- Residents per square mile of land435
- Establishments per square mile9.99
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Frederick County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Frederick County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population287,048
- Households104,635
- Average household size2.74
- Median household income$122,002
- Median age39.0
Common questions
Frederick County questions, answered from the record.
How many people live in Frederick County, Maryland?
287,048, in 104,635 households, ranking 7th of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Frederick County's population growing?
The population has grown 10.16 percent since the 2020 census base. In 2024 there were 2,981 births against 2,133 deaths, with net migration of 4,324. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Frederick County?
$122,002. The median owner-occupied home is valued at $464,600, which is 3.8 times income, and median gross rent is $1,774 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Frederick County?
6,591 establishments, employing 95,077 people with an annual payroll of $5.69 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Frederick County?
Average annual pay is $69,852, or $1,343 a week, across 108,438 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Frederick County?
363 7(a) approvals totalling $158.2 m since FY2020, across 55 lenders, with a median approval of $135,000, plus 53 504 approvals worth $55.5 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Frederick County get paid back?
Of the 55 loans that have reached a final outcome, 51 were paid in full and 4 charged off, a charge off rate of 7.3 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Frederick County?
1,562 housing units were authorised by permit in 2024, with a declared construction value of $431.6 m. Multifamily was 24.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Frederick County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Frederick County come from?
The largest single origin is Frederick County Non-migrants, with 108,162 households. Arriving households report an average income of $92,424 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Frederick County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Frederick County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.
Frederick County
Cities and places in Frederick.
28 Census places lie wholly or partly in Frederick County. 28 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA approvals | Lies in |
|---|---|---|---|---|
| Frederick | city | 83,395 | 246 | Wholly in this county |
| Ballenger Creek | CDP | 26,390 | None recorded | Wholly in this county |
| Linganore | CDP | 14,444 | None recorded | Wholly in this county |
| Urbana | CDP | 14,260 | None recorded | Wholly in this county |
| Green Valley | CDP | 13,602 | None recorded | Wholly in this county |
| Mount Airy | town | 9,805 | 48 | 33.5 percent here, 66.5 percent Carroll County |
| Brunswick | city | 8,450 | 13 | Wholly in this county |
| Walkersville | town | 6,414 | 8 | Wholly in this county |
| Thurmont | town | 6,254 | 10 | Wholly in this county |
| Spring Ridge | CDP | 5,922 | None recorded | Wholly in this county |
| Middletown | town | 5,014 | 5 | Wholly in this county |
| Monrovia | CDP | 3,568 | 12 | Wholly in this county |
| Jefferson | CDP | 3,314 | 6 | Wholly in this county |
| Bartonsville | CDP | 3,282 | None recorded | Wholly in this county |
| Braddock Heights | CDP | 2,892 | None recorded | Wholly in this county |
| Emmitsburg | town | 2,845 | 3 | Wholly in this county |
| Point of Rocks | CDP | 2,462 | None recorded | Wholly in this county |
| Myersville | town | 2,358 | 6 | Wholly in this county |
| Adamstown | CDP | 2,025 | 1 | Wholly in this county |
| New Market | town | 1,603 | 14 | Wholly in this county |
| Woodsboro | town | 1,540 | 5 | Wholly in this county |
| Libertytown | CDP | 1,346 | None recorded | Wholly in this county |
| Buckeystown | CDP | 1,192 | 1 | Wholly in this county |
| Sabillasville | CDP | 556 | None recorded | Wholly in this county |
| Lewistown | CDP | 362 | None recorded | Wholly in this county |
| Rosemont | village | 310 | None recorded | Wholly in this county |
| Burkittsville | town | 135 | None recorded | Wholly in this county |
| Graceham | CDP | 121 | None recorded | Wholly in this county |
A further 9 SBA approvals in Frederick County are recorded against borrower cities that match no Census place, the largest being Ijamsville, Tuscarora. Those are postal cities and unincorporated areas rather than incorporated places, so no page claims them, and their lending is counted in this county's totals above rather than under any city.