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 a population of 5,193, 2,227 total housing units (homes and apartments), and a median house value of $184,194, 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 188.81% over the last ten years, which is an average annual home appreciation rate of 11.19%, 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.
Appreciation rates are so strong in Fort Meade that despite a nationwide downturn in the housing market, Fort Meade real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Meade appreciation rates continue to be some of the highest in America, at 14.66%, which is higher than appreciation rates in 86.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Meade. Fort Meade appreciation rates in the latest quarter were at 11.60%, which equates to an annual appreciation rate of 55.14%.
Importantly, this makes Fort Meade one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Fort Meade's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
$184,194
for Florida
for nation
2,227
$1,438 / per month