Fort Myer, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fort Myer Neighborhoods Since 2000




Fort Myer, VA 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

Fort Myer Housing Market Information

Large apartment complexes or high rise apartments are the single most common housing type in Fort Myer, accounting for 44.67% of the town's housing units. Other types of housing that are prevalent in Fort Myer include row houses and other attached homes ( 28.48%), single-family detached homes ( 15.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.70%). 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.

Fort Myer is dominated by renter-occupied one, two, or no bedrooms apartments. 100.00% of Fort Myer's dwellings are rentals.

Fort Myer homes and real estate are some of the newest in America. 43.13% of Fort Myer's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fort Myer real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 42.31%), and between 1970-1999 ( 7.32%). There's also some housing in Fort Myer built between 1940-1969 ( 7.24%).

Vacant housing appears to be an issue in Fort Myer. Fully 22.78% of the housing stock is classified as vacant. Left unchecked, vacant Fort Myer homes and apartments can be a drag on the real estate market, holding Fort Myer 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.

Fort Myer Home Appreciation Rates

Real estate appreciation rates in Fort Myer's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Fort Myer's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Fort Myer's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

Relative to Virginia, our data show that Fort Myer's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.

Average Home Values

 

Fort Myer Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
96.34% 3.99% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,403 / per month

Homeownership Rate

Homeownership
Owners 0.00
Renters 100.00
Vacant 22.78

Housing Market Details

 

Age of Homes

AGE OF Fort Myer HOMES
2000 or Newer 43.1
1970 - 1999 7.3
1940 - 1969 7.2
1939 or Older 42.3

Types of Homes

TYPE OF Fort Myer HOMES
Single-Family 15.5
Townhomes 28.5
Small Apt. Buildings 5.7
Apt. Complexes 44.7
Mobile Homes 0.0
Other 5.7

Home Size

SIZE OF Fort Myer HOMES
No Bedroom 0.00
1 Bedroom 17.00
2 Bedrooms 41.50
3 Bedrooms 26.04
4 Bedrooms 0.00
5 or more bedrooms 15.46