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City · 17,632 residents · Montgomery County, Maryland

Takoma Park , Maryland

In Takoma Park, a typical home is worth $749,200 and typical rent is $1,432 a month. Compared with all of Montgomery County, typical rent is 31% lower, typical household income is 18% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $749,200

    17% above the county

    78% above Maryland

    • Takoma Park
    • Montgomery
    • Maryland

  • Typical rent

    $1,432a month

    31% below the county

    16% below Maryland

    • Takoma Park
    • Montgomery
    • Maryland

  • Typical household income

    $108,136a year

    18% below the county

    4% above Maryland

    • Takoma Park
    • Montgomery
    • Maryland

  • Households that own their home

    54%

    11 points below the county

    13 points below Maryland

    • Takoma Park
    • Montgomery
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$669,706
about the same as 12 months ago
Typical rent
$1,607 a month
1% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Takoma Park is in Montgomery County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Montgomery County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Takoma Park apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Langley Park, the typical home value is $357,200: 52% less than in Takoma Park ($749,200).

  2. The typical rent in Takoma Park is $1,432 a month, 31% less than in Montgomery County as a whole ($2,068).

  3. Takoma Park has the 11th highest typical home value of the 202 cities in Maryland with more than 5,000 people ($749,200).

  4. The typical household income in Takoma Park is $108,136, 18% less than in Montgomery County as a whole ($132,450).

  5. 54% of households in Takoma Park own their home, against 65% in Montgomery County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Takoma Park

What homes there are in Takoma Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Takoma Park there is a bit of everything: no kind of home reaches half. The most common are detached houses (49%), as in Montgomery County.

Year built

The typical home in Takoma Park was built in 1954, 26 years before the typical one in Montgomery County.

There are fewer big homes in Takoma Park than in Montgomery County: 49% have 3 bedrooms or more, against 63%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,210 a month

Montgomery County: $2,929 a month

Without a mortgage

$1,141 a month

Montgomery County: $986 a month

Owners with a mortgage

78%

Montgomery County: 70%

The typical cost for an owner with a mortgage in Takoma Park is $3,210 a month, more than in Montgomery County ($2,929); without one, $1,141.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Takoma Park rose 28%; in Montgomery County, it rose 32%.

Since 2015–2019, the typical rent in Takoma Park rose 25%, more than in Montgomery County (17%).

While home values in Takoma Park changed +28% and rent +25%, the typical household income rose 28%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureTakoma ParkMontgomery CountyMarylandUnited States
Rental vacancy Unreliable estimate3.7%4.7%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room Unreliable estimate3.3%2.5%3.4%
People per household 2.522.722.572.53
Drive alone 38%53%65%69%
Carpool 7%8%8%9%
Public transit 14%8%4%3%
Walk or bike 4%2%2%3%
Work from home 36%28%19%15%
Other means Unreliable estimate2%2%2%
Typical commute 30 to 39 minutes30 to 39 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.52 on average, against 2.72 in Montgomery County.

In Takoma Park, 36% of workers work from home, more than in Montgomery County (28%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Takoma Park?

A typical home costs more than the typical income allows

We start with a typical home in Takoma Park, worth $749,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 70% of the typical household income in Takoma Park, which is $108,136 a year. For that payment to be 28% of income, a household would need to earn about $272,193 a year.

The calculator's FHA and conventional loan limits are those of all of Montgomery County.

Your numbers

Local data
$

Starts at the typical home value in Takoma Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $26,222 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$6,351

at 7.18% · 30 years

Loan amount
$735,630
Total interest
$1,058,399
Paid off in
November 2056

Includes $12,652 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,523 a month

  • Tight

    $2,523 to $3,244 a month

  • Hard

    more than $3,244 a month

    Your payment · 70%

Compared with the typical household income in Takoma Park ($108,136 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$6,351
Principal & interest$4,983
Property tax$724
Home insurance$312
FHA mortgage insurance (MIP)$331

You need at least $26,222 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Takoma Park and Montgomery County

Takoma Park is in Montgomery County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Takoma Park's own numbers

Typical home value
$749,200
Typical monthly rent
$1,432
Typical yearly household income
$108,136
Households that own their home
54%
Effective property tax rate
1.16%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Montgomery County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,438
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
0.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Montgomery County.

Everything about Montgomery County

Buying

Buying a home in Takoma Park

A typical home in Takoma Park is worth $749,200: 17% above the county and 78% above Maryland. With the typical household income in Takoma Park ($108,136 a year), a typical home costs 6.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Takoma Park 6.9 years
  • Montgomery 4.8 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Montgomery County

According to FHFA’s house price index, home prices in Montgomery County rose 50% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Montgomery County.

Period County Maryland U.S.
Last year (2025) +1.3% +2.7% +2.9%
5 years (2020–2025) +35% +40% +47%
10 years (2015–2025) +50% +60% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Takoma Park next to Montgomery County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Takoma Park $749,200
  • Montgomery $640,300
  • Maryland $419,900
  • United States $332,700
Typical monthly rent
  • Takoma Park $1,432
  • Montgomery $2,068
  • Maryland $1,705
  • United States $1,413
Typical yearly household income
  • Takoma Park $108,136
  • Montgomery $132,450
  • Maryland $103,678
  • United States $80,734
See the full table
Takoma Park next to Montgomery County and Maryland
Measure Takoma Park Montgomery County Maryland U.S.
Typical home value $749,200 $640,300 $419,900 $332,700
Typical monthly rent $1,432 $2,068 $1,705 $1,413
Typical yearly household income $108,136 $132,450 $103,678 $80,734
Households that own their home 54% 65% 68% 65%
Typical yearly property tax $8,656 $5,539 $4,093 $3,119
Effective property tax rate 1.16% 0.87% 0.97% 0.94%
Renters with high rent for their income 54% 52% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Takoma Park

For a typical $749,200 home in Takoma Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Takoma Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $6,351a month

    Least cash to close
    Down payment
    $26,222
    Cash to close
    $48,698
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $331

  • Conventional, 5% down $6,214a month

    Down payment
    $37,460
    Cash to close
    $59,936
    Rate
    7.18%
    Mortgage insurance
    PMI · $356

  • Conventional, 20% down, no PMI $5,097a month

    Down payment
    $149,840
    Cash to close
    $172,316
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,789a month

    Down payment
    $112,380
    Cash to close
    $134,856
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Takoma Park and for Montgomery County.

Property tax

Effective rate in Takoma Park

1.16%of the home’s value each year

$8,656 a year for the typical owner in Takoma Park.

  • Takoma Park 1.16%
  • Montgomery 0.87%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Montgomery County

FEMA does not publish these numbers by city: they are for all of Montgomery County.

Homes in the high-risk zone
0.1%
305
Of those, with NFIP insurance
51%
County Maryland U.S.
Homes in the high-risk zone 0.1% 1.2% 3.5%
Of those, with NFIP insurance 51% 74% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Takoma Park

Typical rent in Takoma Park is $1,432 a month: 31% below the county. In Takoma Park, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($2,438 a month) without spending more than 30% of your income, you would need to earn $46.88 an hour working full time.

HUD fair market rent for all of Montgomery County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,111 $40.60 $84,440
1 bedroom $2,204 $42.38 $88,160
2 bedrooms $2,438 $46.88 $97,520
3 bedrooms $3,107 $59.75 $124,280
4 bedrooms $3,658 $70.35 $146,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Takoma Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Takoma Park is in ZIP code 20912.

For 2 bedrooms it is $2,090: $348 less than the fair market rent for Montgomery County ($2,438).

  • 20912 $2,090$2,660

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Takoma Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Takoma Park

HUD lists 13 buildings with rents for lower incomes in Takoma Park. These are the largest.

  • Takoma Tower 7051 Carroll Ave, Takoma Park 20912 187 low-income homes · Studio: 100 · 1 bd: 87 · In service since 2005 · For older adults (301) 270-1858
  • Franklin Apartments 7620 Maple Ave, Takoma Park 20912 183 low-income homes · For older adults (301) 622-7980
  • Parkview Towers 7667 Maple Ave, Takoma Park 20912 125 homes, 105 low-income
  • Blair Park Apts 7719 Eastern Ave, Takoma Park 20912 52 homes, 47 low-income · Studio: 8 · 1 bd: 35 · 2 bd: 4 · In service since 2005 · For families
  • Edinburgh House 7513 Maple Ave, Takoma Park 20912 45 homes, 39 low-income · In service since 2012

See all 134 buildings in Montgomery County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Takoma Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Montgomery County; 3 say they serve in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Takoma Park

No down payment, repair or rent-help program on our list is for Takoma Park or Montgomery County. The ones below are statewide in Maryland: they work in Takoma Park the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Takoma Park

The HUD-approved agencies closest to the center of Takoma Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Initiative Partnership, Inc. (HIP)

    6525 Belcrest Rd, Hyattsville · 3 miles away · Spanish

    Also serves in French and Portuguese.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (301) 699-3835

  • Centro de Apoyo Familiar (CAF) MD

    6801 Kenilworth Ave Ste 110, Riverdale · 5 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (301) 328-3292

  • Seed - Sowing Empowerment & Economic Development , Inc.

    6201 Riverdale Rd, Riverdale · 5 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (301) 458-9808

Every agency in Montgomery County All counseling agencies in Maryland

Help in Spanish near Takoma Park

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Takoma Park

In HUD’s record, no housing authority with an office in Montgomery County is named for Takoma Park or Montgomery County.

2 other authorities have an office in Montgomery County: see the list Source: HUD

Cities

Other cities in Montgomery County

These cities are also in Montgomery County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Montgomery County Housing in Maryland
See 24 more cities in Montgomery County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Takoma Park, with the typical home value.

Neighboring counties

If Montgomery County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Takoma Park.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Takoma Park

Short answers with the numbers for Takoma Park and all of Montgomery County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Takoma Park?

The typical home value in Takoma Park is $749,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $640,300.

How much does it cost to rent in Takoma Park?

Typical rent in Takoma Park is $1,432 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $2,438.

What is the FHA loan limit in Takoma Park?

Takoma Park uses the FHA limit for all of Montgomery County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Takoma Park?

The typical homeowner in Takoma Park pays $8,656 a year, according to the U.S. Census Bureau. That is 1.16% of the home’s value; in Montgomery County, the rate is 0.87%.

Where can I find free help to buy or rent in Takoma Park?

There are 3 HUD-approved counseling agencies with an office in Montgomery County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).