Towson, 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 Q4 2020. 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

Towson, MD Housing Market Trends

With 56,698 people, 21,099 houses or apartments, and a median cost of homes of $382,689, real estate costs in Towson are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Towson, accounting for 36.37% of the town's housing units. Other types of housing that are prevalent in Towson include large apartment complexes or high rise apartments ( 35.86%), row houses and other attached homes ( 22.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.98%).

The most prevalent building size and type in Towson are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.89% owning and 51.11% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Towson's housing was primarily built during this period, from the '40s through the '60s. A full 49.54% of the town's housing hails from this era. Other housing ages represented in Towson include homes built between 1970-1999 ( 29.17%) and housing constructed before 1939 ( 12.63%). There's also some housing in Towson built between 2000 and later ( 8.66%).

Towson Home Appreciation Rates

Towson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Towson during the period has been just 1.60%, which is lower than 80% of US communities.

Over the last year, Towson appreciation rates have trailed the rest of the nation. In the last twelve months, Towson's appreciation rate has been 4.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Towson were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Maryland, our data show that Towson'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 Towson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Towson - 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 Towson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$382,689

Towson, MD HOME PRICES

> $1,101,000
3.4%
3.4%
$825,001 - $1,101,000
3.2%
3.2%
$550,001 - $825,000
14.4%
14.4%
$440,001 - $550,000
15.4%
15.4%
$330,001 - $440,000
23.5%
23.5%
$220,001 - $330,000
28.7%
28.7%
$110,001 - $220,000
8.9%
8.9%
$55,001 - $110,000
1.4%
1.4%
$0 - $55,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
21,099

Towson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
101.54% 3.39%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,986 / per month

Homeownership Rate

Owners
48.9%
48.9%
Renters
51.1%
51.1%
Vacant
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.7%
8.7%
1970 - 1999
29.2%
29.2%
1940 - 1969
49.5%
49.5%
1939 or Older
12.6%
12.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
36.4%
36.4%
Townhomes
22.7%
22.7%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
35.9%
35.9%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.5%
3.5%
1 Bedroom
14.7%
14.7%
2 Bedrooms
25.8%
25.8%
3 Bedrooms
36.1%
36.1%
4 Bedrooms
14.0%
14.0%
5 or more bedrooms
5.8%
5.8%
0.0% 100.0%
% OF HOMES