October's First-Time Homebuyer Report for Towson

The population of Towson is growing slightly faster than the rest of Maryland, at a 10-year growth rate of 8.6%. It's a larger than average city compared to the rest of the state, with 55,197 residents. The three zip codes with the largest populations are 21212, 21239, and 21209. With a median age of 51 years, homes in Towson tend to be older than most. The top school in the city is Cromwell Valley Elementary Technology.

Price Range

Homes in Towson are generally more expensive than others in the state with a median home value of $273,200 and an average list price of $313,573.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Towson:

$2M   $214K   $149K  

Typical Dwelling

A three-bedroom townhouse valued around $275,247 is considered a typical dwelling in Towson. If a buyer was looking for a similar home, they would need good credit and a $55,049 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,570 and the property tax rate is $13.08 per $1,000 of taxable assessed value.

Get started right now by checking out Towson homes for sale or reviewing Towson real estate trends.

Data reported through 10/13/2016


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