Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Towson area can be challenging. Home prices in Towson are now at a median cost of $413,332, higher than the Maryland average of $357,815.
The average cost of rent is $1,688/mo in Towson, primarily driven by the current value of real estate in the Towson area. While nearly 40.45% of residents own their homes outright in Towson, 40.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Towson is $8,054 per month. Households that rent pay about 20.96% of their income on rent here. Towson's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lutherville, MD: less expensive homes
- Parkville, MD: less expensive homes
- Timonium, MD: higher priced homes
- Mays Chapel, MD: higher priced homes
- Carney, MD: less expensive homes
- Lutherville-Timonium, MD: higher priced homes
- Overlea, MD: less expensive homes
- Baltimore, MD: less expensive homes
- Pikesville, MD: less expensive homes
- Cockeysville, MD: higher priced homes
Cities with Similar Populations
- Manhattan, KS: less expensive homes
- Woodland, CA: equally priced homes
- Toa Baja, PR: less expensive homes
- Taylor, MI: less expensive homes
- Tamiami, FL: less expensive homes
- Skokie, IL: less expensive homes
- San Clemente, CA: higher priced homes
- Rowlett, TX: less expensive homes
- Rocky Mount, NC: less expensive homes
- Reston, VA: higher priced homes
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