Fort Washington, Maryland Housing Market Prices
Fort Washington Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 31% above the Maryland median$348,679
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Median rent 52% above the Maryland median$2,588
Housing Market Overview
| Metric | Fort Washington | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $348,679 | $267,101 | $248,835 |
| Price Trend (Annual %) | 2.7% | 3.4% | 7.5% |
| Median Gross Rent | $2,588 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 7.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fort Washington is about 31% higher than in Maryland. Rent is about 52% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fort Washington, up about 2.7% and 7.5% a year respectively. Rent is changing faster.
Median rent in Fort Washington rose about 78.4% between 2015 and 2024, from $1,451 to $2,588. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Fort Washington.
Buying the median-priced home in Fort Washington costs roughly 11.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fort Washington. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Fort Washington | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $348,679 | $267,101 | $248,835 |
| Median Household Income | $140,933 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fort Washington rose about 20.8%, while median household income rose about 30.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fort Washington | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.1% | 62.4% | 58.5% |
| Rental Rate | 10.7% | 29.9% | 31.2% |
| Vacancy Rate | 4.3% | 7.7% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Fort Washington has a homeownership rate of 85.1%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 4.3%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Fort Washington | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1982 | 1977 | 1978 |
| Median Number of Rooms | 8.1 | 6.2 | 5.5 |
The typical housing unit in Fort Washington was built around 1982. On average, 2.8 people live in a home with about 8.1 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fort Washington, Maryland.
What is the median home price in Fort Washington, Maryland?
The median home price in Fort Washington, Maryland is $348,679, higher than the Maryland average of $267,101.
What is the average home price in Fort Washington, Maryland?
The typical home price in Fort Washington, Maryland, reported as the median sale price, is $348,679. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fort Washington, Maryland?
The median gross rent in Fort Washington, Maryland is $2,588 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Fort Washington in 2020?
In 2020, the median gross rent in Fort Washington, Maryland was $2,211 per month.
What is the price-to-rent ratio in Fort Washington, Maryland?
The price-to-rent ratio in Fort Washington, Maryland is about 11.2, meaning it would take roughly 11.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fort Washington.
Are home prices or rent rising faster in Fort Washington, Maryland?
Both home prices and rent are rising in Fort Washington, up about 2.7% and 7.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Fort Washington, Maryland?
85.1% of households in Fort Washington, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Fort Washington, Maryland?
The housing vacancy rate in Fort Washington, Maryland is 4.3%, lower than the Maryland average of 7.7%.
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