What percentage of people rent in Takoma Park, MD?
45.8% (±3.9 points) of the occupied homes in Takoma Park, MD are rented (2020–2024 American Community Survey).
That is 3,173 renting households against 3,753 that own their home.
In Takoma Park, the share of households that rent went from 47.2% in 2015–2019 to 45.8% in 2020–2024 (−1.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 45.8% (±3.9 points)
- Renting households
- 3,173 (±277)
- Median renter income
- $50,842 (±$4,081)
Who rents and who owns in Takoma Park
| Takoma Park | Montgomery County | Maryland | United States | |
|---|---|---|---|---|
| Renter-occupied share | 45.8% (±3.9 points) | 34.7% (±0.6 points) | 32.4% (±0.3 points) | 34.8% |
| Renting households | 3,173 (±277) | 135,071 (±2,368) | 765,363 (±6,619) | 45,017,354 |
| Owning households | 3,753 (±350) | 254,139 (±2,460) | 1,597,565 (±8,362) | 84,210,142 |
| Average renter household size | 2.2 (±0.2) | 2.5 (±0.0) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.8 (±0.1) | 2.9 (±0.0) | 2.7 (±0.0) | 2.6 |
| Median renter household income | $50,842 (±$4,081) | $79,810 (±$1,782) | $62,703 (±$866) | $52,966 |
| Median owner household income | $197,544 (±$10,131) | $172,408 (±$2,055) | $129,423 (±$883) | $100,009 |
In Takoma Park, the renter share is higher than in Montgomery County (34.7%).
It is also higher than in Maryland (32.4%).
It is higher than the national figure (34.8%).
In Montgomery County, Takoma Park ranks 9 of 59 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 68 of 388.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Takoma Park has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 47.2% (±2.5 points) | 45.8% (±3.9 points) | −1.4 percentage points | Not a measurable change |
| Median gross rent | $1,143 (±$34) | $1,432 (±$74) | +25.3% | No measurable change after inflation |
| Median household income | $84,591 (±$7,654) | $108,136 (±$12,683) | +27.8% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Takoma Park
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Takoma Park | — | 45.8% (±3.9 points) | — |
| Langley Park | 1.3 mi | 76.0% (±4.0 points) | Higher |
| Chillum | 1.6 mi | 60.3% (±3.2 points) | Higher |
| Silver Spring | 1.8 mi | 61.7% (±1.7 points) | Higher |
| Adelphi | 2.2 mi | 58.2% (±4.9 points) | Higher |
| Hyattsville | 2.9 mi | 51.6% (±4.8 points) | Not measurably different |
| Four Corners | 3.0 mi | 10.8% (±3.2 points) | Lower |
| University Park | 3.2 mi | 3.0% (±2.3 points) | Lower |
| Mount Rainier | 3.3 mi | 76.5% (±4.2 points) | Higher |
Nearby places with a measurably lower figure: Four Corners, MD (10.8%), University Park, MD (3.0%).
Nearby places with a measurably higher figure: Langley Park, MD (76.0%), Chillum, MD (60.3%), Silver Spring, MD (61.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Montgomery County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 3 | Friendship Heights Village | 61.4% (±6.3 points) |
| 4 | Fairland | 54.0% (±4.1 points) |
| 5 | North Bethesda | 49.6% (±2.3 points) |
| 6 | Kensington | 49.5% (±7.9 points) |
| 7 | Gaithersburg | 49.2% (±2.5 points) |
| 8 | Rockville | 47.4% (±2.2 points) |
| 9 | Takoma Park | 45.8% (±3.9 points) |
| 10 | Derwood | 42.0% (±10.1 points) |
| 11 (tie) | Bethesda | 36.0% (±1.6 points) |
| 11 (tie) | Glenmont | 36.0% (±4.8 points) |
| 13 | Wheaton | 35.4% (±3.2 points) |
| 14 | Aspen Hill | 35.3% (±2.9 points) |
| 15 | Forest Glen | 33.7% (±9.6 points) |
Showing 13 of 59 places in Montgomery County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Takoma Park
How many renters are there in Takoma Park?
Takoma Park has an estimated 3,173 (±277) renting households, 45.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Takoma Park?
In Takoma Park, the share of households that rent went from 47.2% in 2015–2019 to 45.8% in 2020–2024 (−1.4 percentage points), not a measurable change.
How big are renting households in Takoma Park?
A renting household in Takoma Park has 2.2 people on average, against 2.8 in an owned home.
How much do renters earn in Takoma Park?
The median renting household in Takoma Park, MD has an income of $50,842 (±$4,081) a year, against $197,544 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Takoma Park city, Maryland
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Takoma Park city, Maryland
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Takoma Park city, Maryland
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Takoma Park city, Maryland
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Takoma Park city, Maryland
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Takoma Park city, Maryland (place:76650, in state:24).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Rent by bedrooms in Takoma Park
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- Income and affordability in Takoma Park
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- Homeowner costs in Takoma Park
- Property taxes in Takoma Park
- Types of homes in Takoma Park
- Bedrooms in Takoma Park
- Age of homes in Takoma Park
- Vacancy rate in Takoma Park
- Heating fuel in Takoma Park
- Commute and cars in Takoma Park
- Crime reported to police in Takoma Park
- Population growth in Takoma Park
- How long people stay in Takoma Park
- Crowding and facilities in Takoma Park
- Fair Market Rent in Takoma Park
- Maryland landlord and tenant rules
- Housing across Montgomery County
- Maryland places ranked by share of renters
- Housing data for every place in Maryland