How much is a home worth in ZIP code 21702?

The typical home in 21702 is worth $464,729, based on the Zillow Home Value Index.

Are home values rising in 21702?

Home values in 21702 are down 0.4% over the past year, and up 4.9% a year over five years.

What is the typical rent in 21702?

A typical home in 21702 rents for about $1,992 a month, a gross rental yield of 5.1%.

What is the property tax rate in 21702?

The effective property tax rate in 21702 is 1.1% — roughly $4,944 a year on a typical home.

ZIP code 21702 has a population of 49,605 and a median household income of $106,983.

HousingHandbookReference data

…

U.S. ZIP Code · MD21702

Frederick County · Washington-Arlington-Alexandria, DC-VA-MD-WV

Typical home value

$464,729^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: +4.9%
10-year / yr: +5.1%

Relative price

vs U.S.: +63.6%
vs metro: -20.8%
vs state: +3.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 21702 is worth $464,729 — 20.8% below the Washington-Arlington-Alexandria, DC-VA-MD-WV median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $1,992 a month — a 5.1% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,992^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $4,944^[3]

#Climate risk

FEMA National Risk Index ratings for Frederick County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Relatively Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 49,605^[3]
Median household income: $106,983^[3]

#Migration

Household moves in and out of Frederick County over a year, from IRS tax-return data.

Net migration: +798^[5]
Moved in: 8,716
Moved out: 7,918

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 4
Middle: 1
High: 2

Monocacy Middle
Middle · Grades 6–8 · Frederick County Public Schools
932 students
Waverley Elementary
Elementary · Grades PK–5 · Frederick County Public Schools
926 students
Whittier Elementary
Elementary · Grades PK–5 · Frederick County Public Schools
730 students
Yellow Springs Elementary
Elementary · Grades PK–5 · Frederick County Public Schools
605 students
Monocacy Elementary
Elementary · Grades PK–5 · Frederick County Public Schools
549 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.1%

Net yield (after ~40% expenses)3.1%

Annual rent$23,908

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,350

Loan principal$371,783

Down payment$92,946

Total interest paid$474,189

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.58

Monthly cost to own$3,148

Monthly rent$1,992

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 80th percentile^[1]
Rental yield: 61st percentile^[2]
Property tax: 89th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

2nd for fastest-growing in MDView list →

Frequently asked

How much is a home worth in ZIP code 21702?: The typical home in 21702 is worth $464,729, based on the Zillow Home Value Index.
Are home values rising in 21702?: Home values in 21702 are down 0.4% over the past year, and up 4.9% a year over five years.
What is the typical rent in 21702?: A typical home in 21702 rents for about $1,992 a month, a gross rental yield of 5.1%.
What is the property tax rate in 21702?: The effective property tax rate in 21702 is 1.1% — roughly $4,944 a year on a typical home.
Who lives in 21702?: ZIP code 21702 has a population of 49,605 and a median household income of $106,983.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

25446 vs 21702 →
WV
Typical home
$464,365
Gross yield
—
21758 vs 21702 →
Garretts Mill CDP, MD
Typical home
$464,175
Gross yield
—
20866
Burtonsville CDP, MD
Typical home
$467,117
Gross yield
6.0%
20705
Beltsville CDP, MD
Typical home
$461,852
Gross yield
4.5%
20716
Bowie, MD
Typical home
$467,844
Gross yield
6.0%
22407
Fredericksburg, VA
Typical home
$469,545
Gross yield
5.2%

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Pit ZIP 21702 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MD21702

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