Takoma Park, MD—20912
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Takoma Park, MD
As of Oct '25, the median home price in Takoma Park, MD is $673,000, with a year-over-year change of 2.2%. This indicates that home prices in Takoma Park, MD are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $673,000 | 2.2% |
| Single Family | $726,000 | 1.8% |
| Condos | $232,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $196,000 | -3.0% |
2 Bed | $328,000 | -2.7% |
3 Bed | $695,000 | 0.6% |
4 Bed | $854,000 | 0.9% |
| 5 Bed | $1,013,000 | 0.7% |
% of Housing Stock
Rental Trends — Takoma Park, MD
As of July '25, Rentcast reports the average rent in Takoma Park, MD is $1,740, with a year-over-year rent change of -4.9%. Per bedroom, the median rent as of July '25 in Takoma Park, MD is studios: $1,220, 1-bedrooms: $1,480, 2-bedrooms: $1,930, 3-bedrooms: $2,860, 4-bedrooms: $3,850. The most common rental property sizes in Takoma Park, MD are 1-bedroom and 2-bedroom, accounting for 37.6% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,740 |
| Studio Rent | $1,200 | $1,220 |
| 1 Bed Rent | $1,450 | $1,480 |
| 2 Bed Rent | $1,800 | $1,930 |
| 3 Bed Rent | $2,900 | $2,860 |
| 4 Bed Rent | $3,500 | $3,850 |
% of Rental Stock
Property Listings — Takoma Park, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Takoma Park, MD is 50. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $640,000 | -6.0% |
Listing Count | 55 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 50 | -10.0% |
Demographics — Takoma Park, MD
As of the latest ACS Survey released in 2023, Takoma Park, MD has a population of 25,400, which has decreased by -3.1% over the past 5 years. Takoma Park, MD is a popular place for families, as children make up 27.6% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | -3.1% |
% Under 18 | 27.6% | 14.0% |
% Seniors | 11.5% | 26.4% |
% WFH | 22.1% | 370.2% |
% w/ College Degree | 51.2% | 0.0% |
As of the latest ACS Survey released in 2023, Takoma Park, MD is a predominantly white area, with 33.7% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Takoma Park, MD is black, making up 32.3% of the population. Foreign-born residents account for 36.2% of the population in Takoma Park, MD, and this percentage has decreased by 3.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 33.7% | -5.3% |
% Black | 32.3% | -14.6% |
% Hispanic | 25.1% | 27.4% |
% Asian | 4.0% | -7.0% |
% Foreign Born | 36.2% | -3.2% |
Mortgage and Risk — Takoma Park, MD
According to HUD data as of 2023, there were 244 mortgage originations in Takoma Park, MD, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Takoma Park, MD. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Takoma Park, MD
As of 2024, the percent of homes in Takoma Park, MD under the Section 8 program is 9.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Takoma Park, MD, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 524 |
Total Units Section 8 | 503 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,450 | $1,680 |
| 2 Bedroom | $90 | $1,800 | $1,890 |
| 3 Bedroom | -$540 | $2,900 | $2,360 |
| 4 Bedroom | -$710 | $3,500 | $2,790 |
Affordability — Takoma Park, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $673,000 |
| Median Household Income | $82,100 |