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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fort Myer HOMES|
|2000 or Newer||43.1|
|1970 - 1999||7.3|
|1940 - 1969||7.2|
|1939 or Older||42.3|
|TYPE OF Fort Myer HOMES|
|Small Apt. Buildings||5.7|
|SIZE OF Fort Myer HOMES|
|5 or more bedrooms||15.46|