Towson, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Towson Neighborhoods Since 2000




Towson, MD Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Towson Housing Market Information

With a population of 56,698, 21,059 total housing units (homes and apartments), and a median house value of $333,445, 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 36.28% of the town's housing units. Other types of housing that are prevalent in Towson include large apartment complexes or high rise apartments ( 35.39%), row houses and other attached homes ( 22.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.99%).

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 49.67% owning and 50.33% 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 50.32% of the town's housing hails from this era. Other housing ages represented in Towson include homes built between 1970-1999 ( 28.13%) and housing constructed before 1939 ( 12.79%). There's also some housing in Towson built between 2000 and later ( 8.75%).

Towson Home Appreciation Rates

Real estate appreciation rates in Towson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

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 0.87%, 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 -0.51%, which equates to an annual appreciation rate of -2.03%.

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:
$333,445

Towson, MD HOME PRICES

Value Range
> $1,062,000 2.6
$797,001 - $1,062,000 3.1
$531,001 - $797,000 12.3
$425,001 - $531,000 13.0
$319,001 - $425,000 22.3
$213,001 - $319,000 31.3
$106,001 - $213,000 12.3
$53,001 - $106,000 1.2
$0 - $53,000 1.7

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.4360717215516 35.8778625954198

Number Of Homes And Apartments:
21,059

Towson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
80.23% 3.47% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,609 / per month

Homeownership Rate

Homeownership
Owners 49.67
Renters 50.33
Vacant 7.19

Housing Market Details

 

Age of Homes

AGE OF Towson HOMES
2000 or Newer 8.8
1970 - 1999 28.1
1940 - 1969 50.3
1939 or Older 12.8

Types of Homes

TYPE OF Towson HOMES
Single-Family 36.3
Townhomes 22.3
Small Apt. Buildings 6.0
Apt. Complexes 35.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Towson HOMES
No Bedroom 2.45
1 Bedroom 16.28
2 Bedrooms 25.90
3 Bedrooms 35.93
4 Bedrooms 14.07
5 or more bedrooms 5.36