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 about Scout's Real Estate Data
With 5,193 people, 2,227 houses or apartments, and a median cost of homes of $180,991, house prices in Fort Meade are solidly below the national average.
Single-family detached homes are the single most common housing type in Fort Meade, accounting for 67.37% of the city's housing units. Other types of housing that are prevalent in Fort Meade include mobile homes or trailers ( 22.96%), large apartment complexes or high rise apartments ( 5.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.18%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fort Meade. Owner-occupied housing accounts for 73.56% of Fort Meade's homes, and 57.06% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Fort Meade 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 Fort Meade built between 1940-1969 ( 28.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.38%). There's also some housing in Fort Meade built before 1939 ( 12.65%).
Vacant housing appears to be an issue in Fort Meade. Fully 22.19% of the housing stock is classified as vacant. Left unchecked, vacant Fort Meade homes and apartments can be a drag on the real estate market, holding Fort Meade 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.
In the last 10 years, Fort Meade has experienced some of the highest home appreciation rates of any community in the nation. Fort Meade real estate appreciated 171.01% over the last ten years, which is an average annual home appreciation rate of 10.48%, putting Fort Meade in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Meade definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Fort Meade's appreciation rate, at 7.31%, has been at or slightly above the national average. In the latest quarter, Fort Meade's appreciation rate has been -0.13%, which annualizes to a rate of -0.53%.
Notably, Fort Meade's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Fort Meade's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
$180,991
for Florida
for nation
2,227
$1,455 / per month