According to statistics, the population in Towson, MD amounts to 58,766, which shows decline 1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $82,062, shifting growth 6% from the past year, and the average property value in Towson, MD growth 3% to $345,500 throughout the year.
|Number Of Employees||29,019|
|Median Property Value||$345,500|
The average household income in Towson, MD grew from $77,680 to $82,062 in the past year. This data is an estimate based upon 21,102 households in Towson, MD . The chart below presents how household income is distributed in Towson, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Towson, MD shifted from $334,500 to $345,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Towson, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Towson, MD properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Towson, MD compared to median property taxes around the country. The prevalent amount of property taxes in Towson, MD equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Towson, MD increased by 21.8% to $526,717.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 3.1% to $149,600. Asking price for 2-bed apartment also increased by 9.3% and a place of this size will now cost you $182,400. A 3-bed apartment goes for $389,832, it increased by 13.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 38.4% and made it up to $817,868.
The average cost of an apartment in Towson, MD rised by 14% to $169,900. Price reports demonstrate that house price increased by 10.9% this month making it up to $752,098. Condos are really in demand in this season. The median price for a condo increased by 0.2%, it’s now available for $247,877. The price dynamics of lofts changed, it decreased by 19.7%, the price tag now starts at $602,000. The property value of townhouses increased by 5.3%, you’ll have to spend around $354,140 to get one.