Fort Washington, MD Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Washington, MD Housing Market Trends

With a population of 24,931, 7,978 total housing units (homes and apartments), and a median house value of $393,428, real estate costs in Fort Washington are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Fort Washington is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Fort Washington than is found in 98% of the communities in America.

The large homes that make up Fort Washington are primarily owner-occupied ( 89.29%).

There is a lot of housing in Fort Washington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fort Washington built between 1940-1969 ( 21.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.76%). There's also some housing in Fort Washington built before 1939 ( 1.34%).

Fort Washington Home Appreciation Rates

Appreciation rates for homes in Fort Washington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 40.55%, which ranks in the top 40% nationwide. This equates to an annual average Fort Washington house appreciation rate of 3.46%.

Over the last year, Fort Washington appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Washington's appreciation rate has been 4.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Washington were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Notably, Fort Washington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Fort Washington's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fort Washington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Washington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Washington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$393,428

Fort Washington, MD HOME PRICES

> $1,154,000
1.8%
1.8%
$865,001 - $1,154,000
1.4%
1.4%
$577,001 - $865,000
11.7%
11.7%
$462,001 - $577,000
17.6%
17.6%
$346,001 - $462,000
35.0%
35.0%
$231,001 - $346,000
24.7%
24.7%
$115,001 - $231,000
5.3%
5.3%
$58,001 - $115,000
1.1%
1.1%
$0 - $58,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
7,978

Fort Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
87.66% 3.04%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,852 / per month

Homeownership Rate

Owners
89.3%
89.3%
Renters
10.7%
10.7%
Vacant
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.8%
13.8%
1970 - 1999
63.4%
63.4%
1940 - 1969
21.5%
21.5%
1939 or Older
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
96.1%
96.1%
Townhomes
1.5%
1.5%
Small Apt. Buildings
0.2%
0.2%
Apt. Complexes
1.9%
1.9%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
1.4%
1.4%
2 Bedrooms
4.7%
4.7%
3 Bedrooms
22.1%
22.1%
4 Bedrooms
45.5%
45.5%
5 or more bedrooms
26.1%
26.1%
0.0% 100.0%
% OF HOMES