Housing in Towson, MD is a hot commodity with the median value being significantly higher than the US house median value of $338,100. Furthermore, the one-year house appreciation in Towson is 8.83%, which is above the national average of 8.27%. It's clear that homeowners in Towson are seeing a return on their investment as prices have increased steadily over time. The high housing values and appreciation rate make this a desirable place to live for those looking to settle down in Maryland.
The median home cost in Towson is $427,300. Home appreciation the last 10 years has been 52.0%. Home Appreciation in Towson is up 8.8%.
Average Age of Homes
- The median age of Towson real estate is 58 years old
The Rental Market in Towson
- Renters make up 38.3% of the Towson population
- 4.6% of houses and apartments in Towson, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.