Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 9,324, 2,938 total housing units (homes and apartments), and a median house value of $662,613, Fort Meade house prices are not only among the most expensive in Maryland, Fort Meade real estate also is some of the most expensive in all of America.
Row houses and other attached homes are the single most common housing type in Fort Meade, accounting for 61.93% of the town's housing units. Other types of housing that are prevalent in Fort Meade include single-family detached homes ( 16.98%), large apartment complexes or high rise apartments ( 14.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.74%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Renters dominate Fort Meade's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.
Fort Meade homes and real estate are some of the newest in America. 44.87% of Fort Meade's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fort Meade real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.66%), and between 1940-1969 ( 15.68%). There's also some housing in Fort Meade built before 1939 ( 4.79%).
Vacant housing appears to be an issue in Fort Meade. Fully 13.10% of the housing stock is classified as vacant. Left unchecked, vacant Fort Meade homes and apartments can be a drag on the real estate market, holding Fort Meade real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Fort Meade's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fort Meade during the period has been just 4.85%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Fort Meade's appreciation rate, at 5.73%, has been at or slightly above the national average. In the latest quarter, Fort Meade's appreciation rate has been 2.23%, which annualizes to a rate of 9.22%.
Relative to Maryland, our data show that Fort Meade's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.
$662,613
for Maryland
for nation
2,938
$3,987 / per month