Market Overview
Home Prices in Takoma Park, MD
The median home value in Takoma Park, MD is $695,287 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Takoma Park are priced70% above average. Takoma Park is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Takoma Park home values have risen by approximately7.9%, reflecting steady appreciation in this market.
Price History
Takoma Park Home Price Trend
City Comparison
Takoma Park vs. National Median
At $695,287, homes in Takoma Park cost 70% above the national median of $410,000. Buyers in Takoma Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Takoma Park?
20% Down Payment
$139,057
on $695,287
Monthly P&I
$3,626/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,605/mo
incl. taxes & insurance
Income Needed
$184,200
gross annual (30% rule)
10% Down Option
$69,529
+ PMI applies
Loan Amount (20% dn)
$556,230
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Takoma Park, MD?
The median home value in Takoma Park is $695,287 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Takoma Park?
Over the past year, home values in Takoma Park have decreased by 1.3%. Over five years, prices have risen approximately 7.9%.
How much do I need to earn to buy a home in Takoma Park?
To comfortably afford the median home price of $695,287 with a 20% down payment ($139,057) at today's rates (6.8%), you'd need a gross annual income of approximately $184,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Takoma Park compare to the national average home price?
The national median home value is approximately $410,000. At $695,287, homes in Takoma Park are 70% above the national average.
What metro area is Takoma Park part of?
Takoma Park is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.