93rd pct · 203rd of 3,063 US counties · median $234,566
Home value, one year
-0.1%
as of August 2026
19th pct · 2,453rd of 3,063 US counties · median +2.9%
Typical rent
$2,210
as of August 2026
90th pct · 139th of 1,399 US counties · median $1,496
Jobs
104,031
as of 2026 Q1-01
91st pct · 289th of 3,221 US counties · median 8,232
Average weekly wage
$1,390
as of 2026 Q1-01
89th pct · 350th of 3,221 US counties · median $1,039
Years of wages per home
6.9
87th pct · 384th of 3,063 US counties · median 4.3
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Typical home $498,471 (Aug 2026), -0.1% over one year, +18.7% over five
93rd pct · 203rd of 3,063 US counties · median $234,566
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Item
Value
Distance
Frederick County
$498,471 · -0.1% 1-yr
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Principal and interest of $2,728 a month on $498,471 at 7.28%, against an average weekly wage worth $6,023 a month: 45.3% of one job’s pay.
payment = P·r / (1 − (1+r)^−n), P = $498,471 × 80% = $398,777, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $2,728/mo principal and interest
wage share = payment / (avg weekly wage $1,390 × 52 / 12 = $6,023) = 45% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
years of wages = $498,471 / ($1,390 × 52) = 6.9
price-to-rent = $498,471 / ($2,210 × 12) = 18.8
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
104,031 jobs at 7,741 employers (2026 Q1); -3.3% jobs and -1.8% average weekly wage over the year
91st pct · 289th of 3,221 US counties · median 8,232
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Item
Value
Distance
Frederick County
104,031 jobs · $1,390/wk · -3.3% YoY
BLS QCEW, all ownerships, third month of the quarter. A location quotient of 1.00 means this county has the national share of its jobs in that sector; 2.00 means twice it. A withheld row is a BLS disclosure code N: the cell is absent, not zero.
NAICS sector
Jobs
Avg weekly wage
Location quotient
Jobs over the year
Retail trade
14,577
$823
1.44
-1.2%
Health care and social assistance
13,249
$1,200
0.85
-0.1%
Accommodation and food services
10,249
$539
1.10
+2.2%
Construction
9,223
$1,558
1.69
-6.7%
Professional and technical services
9,199
$2,151
1.28
-7.1%
Manufacturing
5,757
$1,616
0.69
-1.0%
Other services
4,976
$1,031
1.60
+17.5%
Administrative and waste services
4,714
$1,098
0.80
-1.4%
Wholesale trade
2,585
$1,963
0.65
-8.5%
Finance and insurance
2,535
$3,268
0.60
-29.6%
Educational services
2,269
$821
1.01
-1.4%
Transportation and warehousing
1,483
$1,038
0.34
-13.2%
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
$6.6 bn in deposits at 58 offices of 15 banks (SOD June 2026); HHI 1,369, moderately concentrated. $2.7 bn federal obligations in FY2026 (direct payments $1.5 bn, contracts $1.1 bn), $26,237 per covered job
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Item
Value
Distance
PNC Bank, National Association
$1.8 bn · 26.7% share · 11 offices
Truist Bank
$1.1 bn · 16.1% share · 10 offices
Bank of America, National Association
$772.5 m · 11.7% share · 4 offices
Frederick, MD
$2.7 bn FY2026 · $26,237/job
MULTIPLE RECIPIENTS
$1.5 bn · top recipient FY2026
FDIC Summary of Deposits, June 2026. These are institution offices, not people: the row is a bank's presence in the county.
Institution
Deposits
Share
Offices
PNC Bank, National Association
$1,765,929,000
26.7%
11
Truist Bank
$1,062,978,000
16.1%
10
Bank of America, National Association
$772,523,000
11.7%
4
Manufacturers and Traders Trust Company
$503,872,000
7.6%
6
Atlantic Union Bank
$476,995,000
7.2%
3
Woodsboro Bank
$445,859,000
6.7%
5
Middletown Valley Bank
$430,220,000
6.5%
4
Capital One, National Association
$295,483,000
4.5%
2
ACNB Bank
$289,515,000
4.4%
4
First United Bank & Trust
$258,559,000
3.9%
3
Deposit concentration is 1,369 across 15 banks, which the 1995 Department of Justice bank merger screen calls moderately concentrated.
HHI = Σ (share %)² over 15 banks with deposits in the county = 26.7² + 16.1² + 11.7² + … (12 more) = 1,369
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
USAspending place-of-performance obligations for FY2026, by awarding agency.
USAspending, FY2026, place of performance in this county.
Awarding agency
Obligations
Social Security Administration
$1,259,183,479
Department of Health and Human Services
$629,408,809
Department of Veterans Affairs
$317,969,962
Department of Defense
$257,135,907
Department of Homeland Security
$99,050,215
Department of Transportation
$54,313,177
Department of Commerce
$36,939,481
Environmental Protection Agency
$23,998,313
Department of Housing and Urban Development
$23,992,702
Department of Education
$16,355,423
Department of Agriculture
$11,402,058
General Services Administration
$9,764,864
That is $26,237 per covered job, against 104,031 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $2.7 bn / 104,031 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $26,237
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
The national indicator set, unfiltered by place.
Series
Latest
As of
Change
Mississippi River at Memphis, stage · ft
not published
not published
Mississippi River at St. Louis, stage · ft
not published
not published
Ohio River at Louisville, stage · ft
16.50
2026-09-30
-11.7%
Missouri River at St. Joseph, stage · ft
not published
not published
Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s
5,170.00
2026-02-05
-25.3%
Texas reservoirs, statewide percent full · %
67.28
2026-10-01
not published
Laredo truck crossings, monthly · trucks
258,700.00
2026-08-01
-0.4%
Los Angeles + Long Beach container volume, annual · TEU
10,513,167.00
2023-01-01
-13.5%
Containerships waiting for a berth, all US ports · ships
6.00
2026-09-22
-14.3%
Shanghai to Los Angeles container rate · $ per 40 ft box
6,830.00
2026-08-01
+7.4%
US diesel retail price · $ per gallon
unavailable
not published
WTI crude oil, spot · $ per barrel
96.16
2026-09-29
-3.2%
30-year fixed mortgage rate · %
7.28
2026-10-01
+3.6%
Housing starts, annual rate · thousands of units
1,275.00
2026-08-01
-2.6%
Building permits, annual rate · thousands of units
1,403.00
2026-08-01
-2.1%
Case-Shiller US home price index · index, Jan 2000 = 100
337.31
2026-07-01
+0.1%
Unemployment rate · %
4.10
2026-08-01
+0.0%
US goods and services trade balance, monthly · $ millions
-88,576.00
2026-07-01
-24.4%
Retail sales excluding food services, monthly · $ millions
646,347.00
2026-08-01
+1.1%
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
FIPS 24021, MD: 14 findings, 1 at an alert level, 4 at a watch level and 9 noted
alertFIPS 24021, MD's covered employment is -3.3% against a year earlier, an alert level here: covered employment at least 3 percent below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.
Show the arithmetic
test: jobs.yoy.emp = -3.3 <= -3
BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level
watchFIPS 24021, MD's covered employment is -3.3% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.
Show the arithmetic
test: jobs.yoy.emp = -3.3 < 0
BLS QCEW over-the-year percent change, as published; not an official level
watchFIPS 24021, MD's average weekly wage is -1.8% against a year earlier, a watch level here: average weekly wage below the same quarter a year earlier, before inflation (BLS QCEW over-the-year percent change, as published, nominal dollars; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.
Show the arithmetic
test: jobs.yoy.avgWeeklyWage = -1.8 < 0
BLS QCEW over-the-year percent change, as published, nominal dollars; convention chosen for this dashboard, not an official level
watchFIPS 24021, MD's typical home value is -0.1% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.
Show the arithmetic
test: home.yoyPct = -0.10774224679247622 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
watchFIPS 24021, MD's momentum index is -0.35, a watch level here: momentum index in the cooling band (the cooling band of the momentum index computed here, score at or below -0.25; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.
Show the arithmetic
test: momentum = -0.34586409837531823 <= -0.25
momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
the cooling band of the momentum index computed here, score at or below -0.25; convention chosen for this dashboard, not an official level