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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 59,553 people, 22,430 houses or apartments, and a median cost of homes of $477,227, Towson 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 Towson, accounting for 38.23% of the town's housing units. Other types of housing that are prevalent in Towson include single-family detached homes ( 34.24%), row houses and other attached homes ( 22.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.19%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Towson are three and four bedroom dwellings. The town has a mixture of owners and renters, with 50.28% owning and 49.72% 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 46.58% of the town's housing hails from this era. Other housing ages represented in Towson include homes built between 1970-1999 ( 28.17%) and housing constructed between 2000 and later ( 13.84%). There's also some housing in Towson built before 1939 ( 11.41%).

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 4.39%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Towson's appreciation rate, at 6.55%, has been at or slightly above the national average. In the latest quarter, Towson's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Maryland, our data show that Towson's latest annual appreciation rate is higher than 60% 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

$477,227

Towson, MD Home Prices
> $1,273,000
$955,001 - $1,273,000
$636,001 - $955,000
$509,001 - $636,000
$382,001 - $509,000
$254,001 - $382,000
$127,001 - $254,000
$64,001 - $127,000
$0 - $64,000
3.8%
3.8%
6.5%
6.5%
20.1%
20.1%
16.1%
16.1%
26.5%
26.5%
19.0%
19.0%
6.5%
6.5%
0.6%
0.6%
0.9%
0.9%
0% 100.0%
% of Homes
Average

for Maryland

Very High

for nation

Number of Homes And Apartments:

22,430

Towson Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,134 / per month

Homeownership Rate

Owners
Renters
50.3%
50.3%
49.7%
49.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.8%
13.8%
28.2%
28.2%
46.6%
46.6%
11.4%
11.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
34.2%
34.2%
22.3%
22.3%
5.2%
5.2%
38.2%
38.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.1%
4.1%
17.2%
17.2%
24.8%
24.8%
32.8%
32.8%
15.8%
15.8%
5.4%
5.4%
0% 100.0%
% of Homes