Towson, MD

Population: 55,197
Average annual home appreciation rate: 5.03%
Total of homes for sale in this market: 112
Median home price: $339,410
Median Rent: $1,334 per room
Home price range: 32.87% of homes are between $204,001 – $306,000
Median sales price: $291,450
Number of homes: 32
Median foreclosure sales price: $223,000
Foreclosure discount: 23%
Most common home type: 36.93% of homes are Single Family Detached
Number of vacant homes: 7.08%
Number of renters: 49.51%
Number of owner occupied: 50.49%
Number people living below poverty level: 11.41%
Unemployment rate: 6.00%
Is this area perfect for real estate deals going on right now? Towson has a great track record of success when it comes to home appreciation rates. Over the past decade, it has been one of the countries strongest markets. With this, and a few other factors, savvy investors can still take advantage of the strong Towson market.

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