Fruitland, MD Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fruitland, MD Housing Market Trends

With 5,309 people, 1,924 houses or apartments, and a median cost of homes of $215,676, Fruitland real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Fruitland homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Fruitland, accounting for 78.85% of the city's housing units. Other types of housing that are prevalent in Fruitland include row houses and other attached homes ( 10.62%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), and a few mobile homes or trailers ( 1.83%).

The most prevalent building size and type in Fruitland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.20% owning and 44.80% renting.

There is a lot of housing in Fruitland 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 Fruitland built between 2000 and later ( 32.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.64%). There's also some housing in Fruitland built before 1939 ( 11.13%).

Vacant housing appears to be an issue in Fruitland. Fully 11.90% of the housing stock is classified as vacant. Left unchecked, vacant Fruitland homes and apartments can be a drag on the real estate market, holding Fruitland 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.

Fruitland Home Appreciation Rates

Fruitland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fruitland during the period has been just 2.64%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Fruitland's appreciation rate, at 8.74%, has been at or slightly above the national average. In the latest quarter, Fruitland's appreciation rate has been 4.05%, which annualizes to a rate of 17.23%.

Importantly, this makes Fruitland 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 Maryland, our data show that Fruitland's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$215,676

Fruitland, MD HOME PRICES

> $1,238,000
0.0%
0.0%
$928,001 - $1,238,000
0.7%
0.7%
$619,001 - $928,000
3.0%
3.0%
$495,001 - $619,000
4.5%
4.5%
$371,001 - $495,000
5.8%
5.8%
$247,001 - $371,000
24.1%
24.1%
$124,001 - $247,000
50.9%
50.9%
$62,001 - $124,000
6.7%
6.7%
$0 - $62,000
4.3%
4.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
1,924

Fruitland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
76.33% 2.67%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,279 / per month

Homeownership Rate

Owners
55.2%
55.2%
Renters
44.8%
44.8%
Vacant
11.9%
11.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
32.1%
32.1%
1970 - 1999
38.1%
38.1%
1940 - 1969
18.6%
18.6%
1939 or Older
11.1%
11.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.8%
78.8%
Townhomes
10.6%
10.6%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
1.3%
1.3%
Mobile Homes
1.8%
1.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
7.1%
7.1%
2 Bedrooms
25.3%
25.3%
3 Bedrooms
49.1%
49.1%
4 Bedrooms
14.7%
14.7%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES