What is the rental yield in Mill Island, Frederick, Maryland?

The gross yield in Mill Island, Frederick, Maryland is 5.3. Prices are in line with Frederick and about 1% above Maryland, and they have moved down 3.6% over the past year. The Red Flag score is 72, walkability is 20, and education is in the 84th percentile.

How has Mill Island in Frederick, Maryland performed over the past year?

Mill Island in Frederick, Maryland has seen prices move down 3.6% over the past year. Gross yield is 5.3, prices are in line with Frederick and about 1% above Maryland, and the Red Flag score is 72. Walkability is 20 and education is in the 84th percentile.

How does Mill Island compare with Frederick, Maryland overall?

Mill Island in Frederick, Maryland is priced in line with Frederick and about 1% above Maryland, with gross yield of 5.3 and a 3.6% decline over the past year. The Red Flag score is 72, walkability is 20, and education is in the 84th percentile.

Neighborhood

Mill Island

Frederick, Maryland US

Mill Island in Frederick, Maryland presents a yield-led profile with gross yield of 5.3 and prices in line with Frederick and about 1% above Maryland. Prices have moved down 3.6% over the past year, while the Red Flag score of 72 indicates a higher-risk profile. Walkability is 20, and education is in the 84th percentile, so the neighborhood combines a lower mobility score with solid school-score positioning and recent price softness.

AI Summary•Updated May 2026

Area

0.16 mi²

ZIP Code

21701

County

Frederick County

State

Maryland

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$489,587

YoY-3.6%

Gross Rental Yield

5.3%

Listed rent · ZORI annualized

Red Flag Index

High

72 / 100

Walkability Score

Minimal

OpenStreetMap POI density · national percentile

Education Score

84 / 100

Excellent · better than 84% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Mill Island Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Mill Island, Frederick.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$489,587	-3.6%
Price / Sq Ft (Verified)	$230/sqft	-2.5%
Asking Rent (Median)	$2,173/mo	+3.1%
Gross Rental Yield	5.3%	—
Liquidity Score	48 / 100	Moderate
Homes Sold (Period)	224	+23.1%

Is Mill Island Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Maryland crime context.

Red Flag Breakdown

72 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Hurricane80Very High

Heat80Very High

Strong Wind80Very High

Hail80Very High

Earthquake60High

Tornado60High

Wildfire40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Maryland averaged 24.7 crimes and 4.2 violent per 1,000 residents (-3.8% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 5.3%

Active transaction volume — 224 homes sold last period

Flood risk is Very High (100/100)

Hurricane risk is Very High (80/100)

Insights are generated from Mill Island's live DistrictScore metrics.

Mill Island Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Maryland-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.6 µg/m³ Meets EPA, above WHO guideline-22.8% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Mill Island centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 70% of U.S. neighborhoods.

Maryland Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	24.7	4.2	-3.8%
2023	25.9	4.4	+22.0%
2022	21.4	4.3	+9.1%
2021	19.6	4.3	-0.7%
2020	20.1	4.0	-16.4%
2019	24.1	4.5	—

Reported at the state level — the finest official US crime aggregation; Mill Island inherits the Maryland figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Mill Island

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Mill Island

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

20

Minimal

Walkability Score

0

Grocery

1

Dining

0

Schools

0

Universities

0

Hospitals

0

Pharmacies

3

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Mill Island's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Mill Island vs Frederick vs Maryland

How Mill Island benchmarks against its city and state medians.

Benchmark vs City & State

Across Mill Island, the median sale price sits in line with the median for Frederick neighborhoods and in line with the statewide median. Gross rental yield is 5.3%, against 5.3% for Frederick neighborhoods and 5.5% statewide. Over the past 12 months, prices fell 3.6%. Transaction liquidity sits in line with the median for Frederick neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Mill Island	$230/sqft	5.3%	48
Frederick	$230/sqft	5.3%	48
Maryland	$227/sqft	5.5%	31

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Buying Property in the US as a Foreigner

Federal & Maryland tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.90% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 5.75%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: state transfer + local recordation tax.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Maryland property-tax guidance for foreign buyers

Latest Frederick Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Mill Island Real Estate FAQ

Mill Island in Frederick, Maryland has a yield-led profile, with gross yield of 5.3 and prices in line with Frederick and about 1% above Maryland. Prices are down 3.6% over the past year, and the Red Flag score is 72. Walkability is 20, while education is in the 84th percentile.

Neighborhoods near Mill Island

Compare Mill Island with nearby neighborhoods in Frederick.

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