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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 17,713 people, 6,524 houses or apartments, and a median cost of homes of $554,891, Takoma Park house prices are not only among the most expensive in Maryland, Takoma Park real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Takoma Park, accounting for 49.73% of the city's housing units. Other types of housing that are prevalent in Takoma Park include large apartment complexes or high rise apartments ( 42.58%), duplexes, homes converted to apartments or other small apartment buildings ( 6.04%), and a few row houses and other attached homes ( 1.65%).
People in Takoma Park primarily live in small (one, two or no bedroom) single-family detached homes. Takoma Park has a mixture of owner-occupied and renter-occupied housing.
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. Takoma Park's housing was primarily built during this period, from the '40s through the '60s. A full 54.71% of the city's housing hails from this era. Other housing ages represented in Takoma Park include homes built before 1939 ( 30.14%) and housing constructed between 1970-1999 ( 13.25%). There's also some housing in Takoma Park built between 2000 and later ( 1.90%).
Appreciation rates for homes in Takoma Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.84%, which ranks in the top 30% nationwide. This equates to an annual average Takoma Park house appreciation rate of 1.48%.
NeighborhoodScout's data show that during the latest twelve months, Takoma Park's appreciation rate, at 4.86%, has been at or slightly above the national average. In the latest quarter, Takoma Park's appreciation rate has been 0.46%, which annualizes to a rate of 1.85%.
Notably, Takoma Park's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Takoma Park's latest annual appreciation rate is higher than 70% 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 city. Individual neighborhoods within Takoma Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Takoma Park - 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 Takoma Park real estate investment or home purchase decisions.
|$887,001 - $1,184,000||13.0|
|$592,001 - $887,000||34.2|
|$473,001 - $592,000||18.4|
|$355,001 - $473,000||15.1|
|$237,001 - $355,000||7.3|
|$118,001 - $237,000||8.6|
|$59,001 - $118,000||0.0|
|$0 - $59,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Takoma Park HOMES|
|2000 or Newer||1.9|
|1970 - 1999||13.3|
|1940 - 1969||54.7|
|1939 or Older||30.1|
|TYPE OF Takoma Park HOMES|
|Small Apt. Buildings||6.0|
|SIZE OF Takoma Park HOMES|
|5 or more bedrooms||5.63|