Takoma Park Real Estate & Homes for Sale in Maryland
Located just a short 20 minute drive from our nation's capital, the city of Takoma Park offers residents with an excellent quality of life complete with affordable housing prices, excellent schools and colleges, a strong and stable economy, as well as access to all the amenities presented by the Washington, DC metro area. Home to over 18,000 residents, Takoma Park is part of Montgomery County and was founded by Benjamin Franklin Gilbert in 1883. The initial design of Takoma Park began as a commuter suburb for the DC area; however, as time passed and the population began to grow substantially, this suburban community quickly evolved into a self-sufficient city complete with its own governing system run by a mayor, city council and council members, small businesses, houses of worship, civic groups, and neighborhood associations.
Takoma Park is an official "Tree City, USA" and is also nicknamed "Azalea City." This one-of-a-kind city is perfect for families with children, college students, retirees, and active and retired members of the military. Students are served by the schools of the Montgomery County Public Schools district. Afterwards, students may then move forward with their higher learning endeavors at any one of several local colleges and universities. The local economy is strong and highly educated, with most residents either staying in Takoma Park to earn their living or making the short commute to Washington, DC for work. As the perfect place to raise a family, work, or retire, Takoma Park has so much to offer its current and future residents. Come see what so many have already discovered about this community…come home to Takoma Park today.
Takoma Park Real Estate Market: Prices of Takoma Park Homes for Sale
The real estate market in Takoma Park, Maryland, features an eclectic selection of single family homes and condos at affordable prices. Currently, average listing prices for homes in Takoma Park are approximately $380,000, with single story homes hovering in the low $195,000 range and two story properties in the low $450,000 range. However, potential home buyers can expect prices for single family homes in Takoma Park to range from $190,000 for a starter home to $785,000 for a 4 bedroom/4 bathroom family home located in a private community in the heart of Takoma Park. Estate properties and custom built homes can also be found in Takoma and are usually priced starting in the low million dollar range. If you're thinking about investing in a townhome or condominium in Montgomery County, expect prices to start from $90,000. Land parcels for custom development start in the low $150,000s.
Takoma Park Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $411,977 compared to $424,641 the previous week, showing a decrease of less than -3%. For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Takoma Park MD. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Takoma Park to help you find the best home!