Suitland, 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

Suitland, MD Housing Market Trends

With a population of 27,147, 9,688 total housing units (homes and apartments), and a median house value of $263,081, Suitland real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Suitland, accounting for 57.57% of the town's housing units. Other types of housing that are prevalent in Suitland include row houses and other attached homes ( 20.49%), single-family detached homes ( 19.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.40%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

People in Suitland primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Suitland has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Suitland 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 Suitland built between 1940-1969 ( 41.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.52%). There's also some housing in Suitland built before 1939 ( 3.60%).

Suitland Home Appreciation Rates

Appreciation rates for homes in Suitland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 44.55%, which ranks in the top 30% nationwide. This equates to an annual average Suitland house appreciation rate of 3.75%.

Over the last year, Suitland appreciation rates have trailed the rest of the nation. In the last twelve months, Suitland's appreciation rate has been 4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Suitland were at 1.46%, which equates to an annual appreciation rate of 5.95%.

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

Relative to Maryland, our data show that Suitland's latest annual appreciation rate is higher than 50% 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 Suitland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Suitland - 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 Suitland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$263,081

Suitland, MD HOME PRICES

> $1,205,000
0.4%
0.4%
$904,001 - $1,205,000
0.2%
0.2%
$602,001 - $904,000
0.3%
0.3%
$482,001 - $602,000
0.7%
0.7%
$362,001 - $482,000
16.3%
16.3%
$241,001 - $362,000
46.8%
46.8%
$121,001 - $241,000
27.6%
27.6%
$60,001 - $121,000
4.3%
4.3%
$0 - $60,000
3.4%
3.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
9,688

Suitland 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
100.02% 3.36%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,803 / per month

Homeownership Rate

Owners
37.0%
37.0%
Renters
63.0%
63.0%
Vacant
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.5%
6.5%
1970 - 1999
48.2%
48.2%
1940 - 1969
41.6%
41.6%
1939 or Older
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
19.1%
19.1%
Townhomes
20.5%
20.5%
Small Apt. Buildings
2.4%
2.4%
Apt. Complexes
57.6%
57.6%
Mobile Homes
0.3%
0.3%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
16.8%
16.8%
2 Bedrooms
37.6%
37.6%
3 Bedrooms
36.4%
36.4%
4 Bedrooms
6.9%
6.9%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES