Prince Frederick, MD
Population 2,404 · Maryland
About Prince Frederick, MD
Prince Frederick is a small town located in Maryland with a population of 2,404 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,625 per year, which is 5% above the national median of $75,149. The median age of 38.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Prince Frederick features a median home value of $383,000, which is 56% above the national median of $244,900. This places Prince Frederick in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $819, 30% below the national average of $1,163/month. Of the 1,048 total housing units, 54% are owner-occupied (522 units) and 46% are renter-occupied (441 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Prince Frederick shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.7%, above the national average of 12.4%. Workers in Prince Frederick have an average one-way commute time of 46.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
23.5% of Prince Frederick residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.5% White, 0.9% Hispanic or Latino, 3.5% Black or African American, and 9.8% Asian residents, with 8.7% of the population being foreign-born.
How Prince Frederick Ranks in Maryland
Cost of Living in Prince Frederick, MD
Compared to national averages, Prince Frederick has a median household income of $78,625 (5% above the national median of $75,149). Home values average $383,000, which is 56% above the national median. Monthly rent at $819 is 30% below the US average of $1,163. Within Maryland, Prince Frederick's income is 27% below the state average of $107,956, and home values are 5% below the state median of $402,447.
Why Live in Prince Frederick, MD?
Prince Frederick offers a strong local economy with a median household income of $78,625, well above the national average, and rent that’s lower than the national average at $819/month.
Potential considerations include a competitive housing market where the typical home costs $383,000. However, Prince Frederick’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prince Frederick has a population of 2,404 with a median age of 38.4 years. Compare Prince Frederick with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Prince Frederick
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Adamstown | 2,381 | $198,993 | $585,000 | Compare |
| Perryman | 2,366 | $43,000 | $268,800 | Compare |
| Myersville | 2,464 | $144,840 | $457,900 | Compare |
| Aberdeen Proving Ground | 2,343 | $123,125 | $0 | Compare |
| Crisfield | 2,468 | $49,602 | $137,100 | Compare |
| Owings | 2,475 | $171,194 | $592,900 | Compare |
| Point of Rocks | 2,333 | $136,827 | $441,300 | Compare |
| Dunkirk | 2,319 | $166,471 | $557,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Prince Frederick With Other Cities
Frequently Asked Questions about Prince Frederick
What is the population of Prince Frederick, MD?
The population of Prince Frederick, MD is 2,404 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Prince Frederick?
The median household income in Prince Frederick, MD is $78,625 per year, which is 5% above the national median of $75,149.
What is the median home value in Prince Frederick?
The median home value in Prince Frederick, MD is $383,000, which is 56% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Prince Frederick?
The median monthly rent in Prince Frederick, MD is $819, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Prince Frederick?
The unemployment rate in Prince Frederick, MD is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Prince Frederick, MD a good place to live?
Prince Frederick offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,404 and a median age of 38.4, the city appeals to a broad range of residents.
How educated is Prince Frederick, MD?
23.5% of residents in Prince Frederick aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Prince Frederick?
Key cost-of-living indicators for Prince Frederick, MD: median home value is $383,000 (56% above national), median rent is $819/month, and median household income is $78,625. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Prince Frederick?
The poverty rate in Prince Frederick, MD is 13.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Prince Frederick, MD?
Prince Frederick's population is 1.5% White, 0.9% Hispanic or Latino, 3.5% Black or African American, 9.8% Asian, and 28.7% two or more races. 8.7% of residents are foreign-born.