Home prices
The median home in Takoma Park is valued at $583,800. Compared to nearby areas this is about $237,960 (68%) higher.It is roughly $366,300 (168%) higher in comparison to the entire nation, and in comparison to the city of Washington it is roughly $17,700 (2%) lower.
Rents
Takoma Park's median rent is $1,143 per month. It is roughly $348 (23%) lower compared to its surrounding areas.Compared to the entire country it is roughly $81 (7%) higher, and in comparison to the city of Washington is about $398 (25%) lower.
Nearby places
Langley Park
Langley Park is Takoma Park's neighbor to the northeast. The real estate prices there are significantly less expensive. The median home price in Langley Park is $269,400, which comes out to $314,400 (116%) lower than Takoma Park. The rent there is somewhat more expensive. In Langley Park the median monthly rent is $1,403, which is $260 (18%) higher than Takoma Park.
Chillum
Chillum is Takoma Park's neighbor to the southeast. The real estate prices there are significantly less expensive. The cost of the median home in Chillum is $292,900, which comes out to $290,900 (99%) lower than Takoma Park. The rent there is a bit more expensive. In Chillum the median monthly rent is $1,450, which works out to $307 (21%) higher than Takoma Park.
Silver Spring
Silver Spring is Takoma Park's neighbor to the northwest. Real estate prices there are somewhat less expensive. The median home in Silver Spring is valued at $516,900, which works out to $66,900 (12%) lower than Takoma Park. Rents there are a bit more expensive. Silver Spring's median rent is $1,665 per month, which works out to $522 (31%) higher than Takoma Park.
Adelphi
Adelphi is approximately 2 miles northeast from Takoma Park. The housing prices there are a lot less expensive. The median home in Adelphi costs $313,700, which is $270,100 (86%) lower than Takoma Park. Rent there is somewhat more expensive. The median monthly rent in Adelphi is $1,502, which works out to $359 (23%) higher than Takoma Park.
Hyattsville
Hyattsville is approximately 2 miles southeast of Takoma Park. Its housing prices are a lot less expensive. The median home value in Hyattsville is $336,300, which works out to $247,500 (73%) lower than Takoma Park. Its rents are a bit more expensive. In Hyattsville the median rent is $1,433 a month, which is $290 (20%) higher than Takoma Park.
