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
With 24,931 people, 8,337 houses or apartments, and a median cost of homes of $329,919, 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 ( 86.84%).
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 ( 24.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.51%). There's also some housing in Fort Washington built before 1939 ( 1.03%).
Homes have actually lost value in Fort Washington over the last then years, as home values have seen a decline of 27.18% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Fort Washington home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.
NeighborhoodScout's data show that during the latest twelve months, Fort Washington's appreciation rate, at 4.09%, has been at or slightly above the national average. In the latest quarter, Fort Washington's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.
Relative to Maryland, our data show that Fort Washington's latest annual appreciation rate is higher than 70% 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.
|$888,001 - $1,184,000||1.2|
|$592,001 - $888,000||9.4|
|$473,001 - $592,000||12.5|
|$355,001 - $473,000||25.3|
|$237,001 - $355,000||35.6|
|$118,001 - $237,000||12.7|
|$59,001 - $118,000||0.7|
|$0 - $59,000||1.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fort Washington HOMES|
|2000 or Newer||12.5|
|1970 - 1999||61.9|
|1940 - 1969||24.5|
|1939 or Older||1.0|
|TYPE OF Fort Washington HOMES|
|Small Apt. Buildings||0.2|
|SIZE OF Fort Washington HOMES|
|5 or more bedrooms||26.59|