Home Insurance in Takoma Park, Maryland
The median home value in Takoma Park is $749,200, 17% higher than the Montgomery County median.
The typical home in Takoma Park was built around 1954. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 61% of homes were built before 1960, about 41 points above Montgomery County's 20%.
Housing in Takoma Park breaks down to 50% single-family homes and 45% apartments in buildings with 5+ units.
78% of owner-occupied homes in Takoma Park carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 54% of occupied homes in Takoma Park are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
66% of homes in Takoma Park are primarily heated with natural gas.
FEMA rates Montgomery County's overall risk as Relatively Moderate, led by winter weather (Very High). Montgomery County had 2,097 active NFIP flood policies as of September 2026. See the full Montgomery County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Maryland carries a statewide average premium of $1,578 per year.
Key figures
| Median home value | $749,200 |
|---|---|
| Median year built | 1954 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 78% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Montgomery County | 2,097 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
- Hyattsville
- University Park
- Mount Rainier
- Brentwood
- Martin's Additions
- North Brentwood
- College Park
- Chevy Chase Section Five
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)