Fruitland, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fruitland Neighborhoods Since 2000




Fruitland, MD Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fruitland Housing Market Information

With 5,215 people, 1,861 houses or apartments, and a median cost of homes of $168,433, Fruitland real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Fruitland homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Fruitland, accounting for 82.09% of the city's housing units. Other types of housing that are prevalent in Fruitland include row houses and other attached homes ( 6.33%), large apartment complexes or high rise apartments ( 4.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fruitland. Owner-occupied housing accounts for 68.97% of Fruitland's homes, and 71.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fruitland 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 Fruitland built between 2000 and later ( 28.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.58%). There's also some housing in Fruitland built before 1939 ( 8.32%).

Fruitland Home Appreciation Rates

Homes have actually lost value in Fruitland over the last then years, as home values have seen a decline of 22.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Fruitland home appreciation rates at -0.31%, which equates to an annual appreciation rate of -1.24%.

NeighborhoodScout's data show that during the latest twelve months, Fruitland's appreciation rate, at 3.62%, has been at or slightly above the national average. In the latest quarter, Fruitland's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

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

Average Home Values

 

Median Home Value:
$168,433

Fruitland, MD HOME PRICES

Value Range
> $1,051,000 1.0
$788,001 - $1,051,000 0.5
$525,001 - $788,000 1.2
$420,001 - $525,000 5.6
$315,001 - $420,000 5.9
$210,001 - $315,000 25.9
$105,001 - $210,000 41.7
$53,001 - $105,000 13.1
$0 - $53,000 5.1

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
42.2360248447205 83.587786259542

Number Of Homes And Apartments:
1,861

Fruitland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
32.74% 1.66% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,082 / per month

Homeownership Rate

Homeownership
Owners 68.97
Renters 31.03
Vacant 5.05

Housing Market Details

 

Age of Homes

AGE OF Fruitland HOMES
2000 or Newer 28.5
1970 - 1999 41.6
1940 - 1969 21.6
1939 or Older 8.3

Types of Homes

TYPE OF Fruitland HOMES
Single-Family 82.1
Townhomes 6.3
Small Apt. Buildings 4.0
Apt. Complexes 4.3
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Fruitland HOMES
No Bedroom 1.68
1 Bedroom 5.20
2 Bedrooms 19.23
3 Bedrooms 53.62
4 Bedrooms 17.91
5 or more bedrooms 2.35