Suitland, Maryland Housing Market Prices
Suitland 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$349,984
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Median rent About the same as the Maryland median$1,709
Housing Market Overview
| Metric | Suitland | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,984 | $267,101 | $248,835 |
| Price Trend (Annual %) | 3.3% | 3.4% | 7.5% |
| Median Gross Rent | $1,709 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Suitland is about 31% higher than in Maryland. Rent follows a similar pattern, running close to the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Suitland, up about 3.3% and 4.2% a year respectively. Rent is changing faster.
Median rent in Suitland rose about 42.7% between 2015 and 2024, from $1,197 to $1,709. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Suitland.
Buying the median-priced home in Suitland costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Suitland. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Suitland | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,984 | $267,101 | $248,835 |
| Median Household Income | $72,599 | $103,916 | $80,455 |
| Price-to-Income Ratio | 4.8 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Suitland rose about 0.0%, while median household income rose about 28.8% 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 | Suitland | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 34.2% | 62.4% | 58.5% |
| Rental Rate | 58.3% | 29.9% | 31.2% |
| Vacancy Rate | 7.4% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Suitland has a homeownership rate of 34.2%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 7.4%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Suitland | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1974 | 1977 | 1978 |
| Median Number of Rooms | 4.8 | 6.2 | 5.5 |
The typical housing unit in Suitland was built around 1974. On average, 2.2 people live in a home with about 4.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Suitland, Maryland.
What is the median home price in Suitland, Maryland?
The median home price in Suitland, Maryland is $349,984, higher than the Maryland average of $267,101.
What is the average home price in Suitland, Maryland?
The typical home price in Suitland, Maryland, reported as the median sale price, is $349,984. 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 Suitland, Maryland?
The median gross rent in Suitland, Maryland is $1,709 per month, about the same as the Maryland average.
What was the median gross rent in Suitland in 2020?
In 2020, the median gross rent in Suitland, Maryland was $1,407 per month.
What is the price-to-rent ratio in Suitland, Maryland?
The price-to-rent ratio in Suitland, Maryland is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Suitland.
Are home prices or rent rising faster in Suitland, Maryland?
Both home prices and rent are rising in Suitland, up about 3.3% and 4.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Suitland, Maryland?
34.2% of households in Suitland, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Suitland, Maryland?
The housing vacancy rate in Suitland, Maryland is 7.4%, lower than the Maryland average of 7.7%.
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