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These days, finding an affordable place to live in the Lutherville area can be challenging. Home prices in Lutherville are now at a median cost of $458,888, higher than the Maryland average of $450,578.
The average cost of rent is $1,806/mo in Lutherville, primarily driven by the current value of real estate in the Lutherville area. In Lutherville, 17.40% of households rent, and 40.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lutherville is $9,471 per month. Households that rent pay about 19.07% of their income on rent here. Lutherville’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Timonium, MD: higher priced homes
- Mays Chapel, MD: higher priced homes
- Lutherville-Timonium, MD: higher priced homes
- Towson, MD: equally priced homes
- Cockeysville, MD: higher priced homes
- Parkville, MD: less expensive homes
- Stevenson, MD: higher priced homes
- Carney, MD: less expensive homes
- Pikesville, MD: less expensive homes
- Glen Arm, MD: higher priced homes
Cities with Similar Populations
- Fredericktown, MO: less expensive homes
- St. James, MO: less expensive homes
- St. Helena Island, SC: less expensive homes
- St. Francisville, LA: less expensive homes
- Springville, NY: less expensive homes
- Spring Hope, NC: less expensive homes
- Spirit Lake, IA: less expensive homes
- Houghton Lake, MI: less expensive homes
- Hortonville, WI: less expensive homes
- Georgetown, MA: higher priced homes
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