Affordable
Expensive
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These days, finding an affordable place to live in the Takoma Park area can be challenging. Home prices in Takoma Park are now at a median cost of $1,235,902, higher than the Washington average of $627,696.
The average cost of rent is $2,152/mo in Takoma Park, primarily driven by the current value of real estate in the Takoma Park area. In Takoma Park, 9.88% of households rent, and 22.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Takoma Park is $16,854 per month. Households that rent pay about 12.77% of their income on rent here. Takoma Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Carroll Manor, Takoma Park, MD: less expensive homes
- Brightwood, Washington, DC: less expensive homes
- Fort Totten-Upper Northeast, Washington, DC: less expensive homes
- Barnaby Woods, Washington, DC: equally priced homes
- New Hampshire Gardens, Takoma Park, MD: less expensive homes
- Forest Glen, Silver Spring, MD: less expensive homes
- Chevy Chase, Washington, DC: less expensive homes
- Petworth, Washington, DC: less expensive homes
- Langley Park, Hyattsville, MD: less expensive homes
- Green Meadows, Chillum, MD: less expensive homes
Neighborhoods with Similar Populations
- Harvard Place-Eastlawn, San Antonio, TX: less expensive homes
- South End, Concord, NH: less expensive homes
- Sonoma Ranch, Helotes, TX: less expensive homes
- Shadow Wood, Coral Springs, FL: less expensive homes
- Settlers Landing, Jacksonville, FL: less expensive homes
- Serra Highlands, South San Francisco, CA: equally priced homes
- Schorsch, Chicago, IL: less expensive homes
- Sardis Woods, Charlotte, NC: less expensive homes
- Sardis Forest, Charlotte, NC: less expensive homes
- San Isidro, Laredo, TX: less expensive homes
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