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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Taneytown, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Taneytown, MD Housing Market Trends

With 7,340 people, 2,792 houses or apartments, and a median cost of homes of $378,745, Taneytown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Taneytown, accounting for 64.00% of the city's housing units. Other types of housing that are prevalent in Taneytown include row houses and other attached homes ( 21.18%), duplexes, homes converted to apartments or other small apartment buildings ( 11.58%), and a few large apartment complexes or high rise apartments ( 3.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Taneytown. Owner-occupied housing accounts for 79.80% of Taneytown's homes, and 66.04% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Taneytown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Taneytown built between 2000 and later ( 33.32%). A lesser amount of the housing stock also hails from before 1939 ( 12.88%). There's also some housing in Taneytown built between 1940-1969 ( 9.87%).

Taneytown Home Appreciation Rates

Taneytown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Taneytown during the period has been just 4.68%, which is lower than 80% of US communities.

Over the last year, Taneytown appreciation rates have trailed the rest of the nation. In the last twelve months, Taneytown's appreciation rate has been 3.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Taneytown were at 2.23%, which equates to an annual appreciation rate of 9.22%.

Relative to Maryland, our data show that Taneytown's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

Median Home Value

$378,745

Taneytown, MD Home Prices
> $1,238,000
$929,001 - $1,238,000
$619,001 - $929,000
$495,001 - $619,000
$372,001 - $495,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
1.0%
1.0%
0.3%
0.3%
6.9%
6.9%
11.1%
11.1%
35.4%
35.4%
29.1%
29.1%
14.3%
14.3%
0.0%
0.0%
1.9%
1.9%
0% 100.0%
% of Homes
Low

for Maryland

High

for nation

Number of Homes And Apartments:

2,792

Taneytown Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,851 / per month

Homeownership Rate

Owners
Renters
79.8%
79.8%
20.2%
20.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.6%
6.6%
93.4%
93.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
33.3%
33.3%
43.9%
43.9%
9.9%
9.9%
12.9%
12.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.0%
64.0%
21.2%
21.2%
11.6%
11.6%
3.2%
3.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
9.6%
9.6%
16.3%
16.3%
44.3%
44.3%
21.7%
21.7%
6.7%
6.7%
0% 100.0%
% of Homes