Takoma Park, MD Real Estate
According to census data in the year 2000 there were 7,173 housing units in Takoma Park.
This represents a 0.6% growth from 7,133 in 1990.
Of those housing units, 7,173 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Takoma Park is about 45.5%.
Takoma Park's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Takoma Park were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.50% |
| One Bedroom | 24.60% |
| Two Bedrooms | 28.40% |
| Three Bedrooms | 26.20% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $189,200 |
| Median Price asked for vacant units | $144,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $676 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 10.20% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 62.60% |
| Debt Free | 19.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
