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 25,839, 10,809 total housing units (homes and apartments), and a median house value of $375,929, Suitland real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Suitland, accounting for 57.17% of the town's housing units. Other types of housing that are prevalent in Suitland include single-family detached homes ( 21.59%), row houses and other attached homes ( 18.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.38%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
People in Suitland primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Suitland has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Suitland 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 Suitland built between 1940-1969 ( 43.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.86%). There's also some housing in Suitland built before 1939 ( 1.48%).
Appreciation rates for homes in Suitland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.17%, which ranks in the top 40% nationwide. This equates to an annual average Suitland house appreciation rate of 7.24%.
Over the last year, Suitland appreciation rates have trailed the rest of the nation. In the last twelve months, Suitland's appreciation rate has been 1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Suitland were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Suitland one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Suitland's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Suitland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Suitland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Suitland real estate investment or home purchase decisions.
$375,929
for Maryland
for nation
10,809
$2,274 / per month