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Housing market/Maryland/ZIP 21703

ACS 2023 · FY2027 SAFMR

ZIP 21703 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
41,766
Households
15,235
Median HH income
$105,293
Renter share
31.5%
Median gross rent
$1,887
Vacancy
3.4%
Pop. change
+15.2%
2BR SAFMR
$2,340
SAFMR / rent
1.240×
2–49 unit stock
3,544
LIHTC proj / units
2 / 123
HUD assisted MF
3 / 22

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 21703 · MD — sent to you.

ZIP 21703 · MD

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ACS rent vs 2BR SAFMR

ZIP 21703 — Frederick, MD HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,887
2BR SAFMR$2,340
90% floor$2,106
110% ceiling$2,574

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

Housing stock

ACS 2023 units-in-structure · ZCTA 21703

  • 1-unit detached5,08432.2%
  • 1-unit attached6,72042.6%
  • 2–4 units4062.6%
  • 5–49 units3,13819.9%
  • 50+ units2421.5%
  • Mobile1831.2%
TypeUnitsShare
1-unit detached5,08432.2%
1-unit attached6,72042.6%
2 units (duplex)1511.0%
3–4 units2551.6%
5–9 units5653.6%
10–19 units2,16813.7%
20–49 units4052.6%
50+ units2421.5%
Mobile1831.2%

2–4 unit share 2.6% · 5–49 unit share 19.9% · combined 2–49 22.5%.

Units by bedrooms

Studio
485
1BR
1,006
2BR
3,593
3BR
6,775
4BR
3,218
5+
696

Rent burden

Rent ≥30% of income49.9%
Rent ≥50% of income23.6%
  • ACS median gross rent $1,887 (all bedrooms, occupied rentals).
  • Median contract rent $1,727.
  • Renters paying ≥30% of income 49.9%; ≥50% 23.6%.
  • FY2027 2BR SAFMR $2,340 (1.240× ACS median gross rent).

Population

41,766 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +15.2%.

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

Assisted inventory

  • LIHTC: 2 projects, 123 units.
  • HUD project-based assisted MF: 3 properties, 22 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 21703 31.5% of occupied households are renters; vacancy is 3.4%; ACS median gross rent is $1,887; population increased +15.2% between the 2018 and 2023 ACS vintages; the housing stock includes 406 units in 2–4-unit structures and 3,138 units in 5–49-unit structures; 2 LIHTC projects totaling 123 units; FY2027 2BR SAFMR is $2,340 versus ACS median gross rent of $1,887. 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 21703 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 21703 — 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 21703?

ZIP 21703 (Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area) has 41,766 residents, 15,235 households, a renter share of 31.5%, median household income of $105,293, and ACS 2023 median gross rent of $1,887. Vacancy is 3.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 21703?

ACS counts 151 units in 2-unit buildings, 255 in 3–4 unit buildings, 565 in 5–9, 2,168 in 10–19, and 405 in 20–49. Combined 2–49 unit stock is 3,544 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 21703?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,340. See the full schedule and 90–110% payment-standard band on the ZIP 21703 — Frederick, MD HUD Section 8 Payment Standards / SAFMR.

Does this Maryland ZIP profile include Georgia listings?

No. ZIP 21703 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.