Suitland, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Suitland Neighborhoods Since 2000




Suitland, 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

Suitland Housing Market Information

With 27,147 people, 9,516 houses or apartments, and a median cost of homes of $231,667, 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 56.70% of the town's housing units. Other types of housing that are prevalent in Suitland include row houses and other attached homes ( 21.81%), single-family detached homes ( 20.34%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which 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 ( 44.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.05%). There's also some housing in Suitland built before 1939 ( 2.53%).

Vacant housing appears to be an issue in Suitland. Fully 10.47% of the housing stock is classified as vacant. Left unchecked, vacant Suitland homes and apartments can be a drag on the real estate market, holding Suitland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Suitland Home Appreciation Rates

Homes have actually lost value in Suitland over the last then years, as home values have seen a decline of 24.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Suitland 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, Suitland's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Suitland's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

Relative to Maryland, our data show that Suitland'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 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:
$231,667

Suitland, MD HOME PRICES

Value Range
> $1,215,000 0.1
$911,001 - $1,215,000 0.0
$607,001 - $911,000 0.4
$486,001 - $607,000 0.6
$365,001 - $486,000 8.4
$243,001 - $365,000 35.9
$121,001 - $243,000 44.4
$61,001 - $121,000 6.3
$0 - $61,000 3.9

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
25.5537325676784 71.3740458015267

Number Of Homes And Apartments:
9,516

Suitland 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
52.61% 2.48% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,541 / per month

Homeownership Rate

Homeownership
Owners 39.09
Renters 60.91
Vacant 10.47

Housing Market Details

 

Age of Homes

AGE OF Suitland HOMES
2000 or Newer 6.0
1970 - 1999 47.4
1940 - 1969 44.0
1939 or Older 2.5

Types of Homes

TYPE OF Suitland HOMES
Single-Family 20.3
Townhomes 21.8
Small Apt. Buildings 0.9
Apt. Complexes 56.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Suitland HOMES
No Bedroom 0.45
1 Bedroom 15.24
2 Bedrooms 38.59
3 Bedrooms 37.01
4 Bedrooms 6.63
5 or more bedrooms 2.07