Towson, Maryland Housing Market Prices
Towson Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 196% above the Maryland median$790,853
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Median rent 3% above the Maryland median$1,762
Housing Market Overview
| Metric | Towson | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $790,853 | $267,101 | $248,835 |
| Price Trend (Annual %) | 19.4% | 3.4% | 7.5% |
| Median Gross Rent | $1,762 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Towson is about 196% higher than in Maryland. Rent is about 3% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Towson, up about 19.4% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Towson rose about 36.3% between 2015 and 2024, from $1,293 to $1,762. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 7.8 yearly household incomes in Towson.
Buying the median-priced home in Towson costs roughly 37.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Towson. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Towson | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $790,853 | $267,101 | $248,835 |
| Median Household Income | $100,951 | $103,916 | $80,455 |
| Price-to-Income Ratio | 7.8 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Towson rose about 233.6%, while median household income rose about 41.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Towson | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.1% | 62.4% | 58.5% |
| Rental Rate | 41.5% | 29.9% | 31.2% |
| Vacancy Rate | 6.5% | 7.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Towson has a homeownership rate of 52.1%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 6.5%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Towson | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1967 | 1977 | 1978 |
| Median Number of Rooms | 6.0 | 6.2 | 5.5 |
The typical housing unit in Towson was built around 1967. On average, 2.2 people live in a home with about 6.0 rooms, staying for about 11.0 years on average.
Towson, MD Housing Compared With Nearby Cities
How Towson, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Towson, MD | 60,458 | $790,853 #1/2 | $1,762 #1/2 | 55.7% #2/2 |
| Parkville, MD | 30,547 | $249,979 | $1,526 | 62.5% |
Frequently Asked Questions
Common questions about the housing market in Towson, Maryland.
What is the median home price in Towson, Maryland?
The median home price in Towson, Maryland is $790,853, higher than the Maryland average of $267,101.
What is the average home price in Towson, Maryland?
The typical home price in Towson, Maryland, reported as the median sale price, is $790,853. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Towson, Maryland?
The median gross rent in Towson, Maryland is $1,762 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Towson in 2020?
In 2020, the median gross rent in Towson, Maryland was $1,489 per month.
What is the price-to-rent ratio in Towson, Maryland?
The price-to-rent ratio in Towson, Maryland is about 37.4, meaning it would take roughly 37.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Towson.
Are home prices or rent rising faster in Towson, Maryland?
Both home prices and rent are rising in Towson, up about 19.4% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Towson, Maryland?
52.1% of households in Towson, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Towson, Maryland?
The housing vacancy rate in Towson, Maryland is 6.5%, lower than the Maryland average of 7.7%.
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