Fort Washington, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Washington, MD Real Estate Data


Fort Washington Housing Market Information

With a population of 24,931, 8,525 total housing units (homes and apartments), and a median house value of $380,712, 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 ( 86.99%).

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 ( 26.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.03%).

Fort Washington Home Appreciation Rates

Homes have actually lost value in Fort Washington over the last then years, as home values have seen a decline of 26.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Fort Washington home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Fort Washington's appreciation rate, at 5.20%, has been at or slightly above the national average. In the latest quarter, Fort Washington's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Maryland, our data show that Fort Washington's latest annual appreciation rate is higher than 80% 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:
$380,712

Fort Washington, MD HOME PRICES

Value Range
> $1,200,000 1.1
$901,001 - $1,200,000 1.6
$600,001 - $901,000 10.0
$480,001 - $600,000 13.7
$360,001 - $480,000 24.0
$240,001 - $360,000 34.3
$120,001 - $240,000 12.7
$60,001 - $120,000 0.8
$0 - $60,000 1.9

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
10.657609650407 28.1368821292776

Number Of Homes And Apartments:
8,525

Rent & Ownership

 

Average Market Rent:
$2,046 / per month

Homeownership Rate

Homeownership
Owners 86.99
Renters 13.01
Vacant 5.25

Housing Market Details

 

Age of Homes

AGE OF Fort Washington HOMES
2000 or Newer 12.0
1970 - 1999 61.2
1940 - 1969 26.1
1939 or Older 0.7

Types of Homes

TYPE OF Fort Washington HOMES
Single-Family 94.6
Townhomes 2.4
Small Apt. Buildings 0.2
Apt. Complexes 2.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fort Washington HOMES
No Bedroom 0.43
1 Bedroom 1.67
2 Bedrooms 4.10
3 Bedrooms 23.22
4 Bedrooms 44.58
5 or more bedrooms 26.00

Fort Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.11% 2.62% 4 7
* 10 is highest