If you are thinking about buying a home in Frederick CO, you’ve come to the right place. Frederick is a mid-sized agricultural and college town 55 miles north of Denver. The median home price is $483,400 and home appreciation over the last 10 years is 7.7%. This Colorado city has much to offer its residents. Its population is growing, as is its business environment. But despite the influx of people, Frederick is keeping its roots as a mining town.
Historic tornado activity in the Frederick area is above the state and U.S. averages. A category F3 tornado struck Frederick town center on 5/18/1975, killing one person, injuring 78 people, and causing $147 million in damage. The Frederick-Firestone Fire Protection District recently earned a Class 2 rating from the Insurance Service Office, placing it in the top 1% of fire departments in the entire United States and Colorado.
In addition to health care and social assistance, the city has a large manufacturing and retail sector. Many people live in Frederick, CO and work in health care or management. Nearly 9% of residents in Frederick report a job in management. In Frederick, CO, workers earn more than $102,000 per year, which is higher than the state average and national average. Furthermore, the city has a high percentage of college graduates. These statistics prove that the city’s economy is strong and that residents have high expectations for their future.
The median age of Frederick residents is 33 years old. It’s not surprising that young families are choosing this small town to raise their children. With a stellar school system and a great public safety record, Frederick is attracting young families to settle in. It’s no wonder the city has an excellent reputation for education, as it’s home to the city’s first high school, founded in 1916. If you are wondering what Frederick has to offer, you’ve come to the right place.