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These days, finding an affordable place to live in the Owings Mills area can be challenging. Home prices in Owings Mills are now at a median cost of $406,461, lower than the Maryland average of $450,578.
The average cost of rent is $1,893/mo in Owings Mills, primarily driven by the current value of real estate in the Owings Mills area. In Owings Mills, 45.19% of households rent, and 23.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Owings Mills is $9,116 per month. Households that rent pay about 20.76% of their income on rent here. Owings Mills’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Randallstown, MD: less expensive homes
- Reisterstown, MD: higher priced homes
- Stevenson, MD: higher priced homes
- Glyndon, MD: higher priced homes
- Pikesville, MD: equally priced homes
- Milford Mill, MD: less expensive homes
- Lochearn, MD: less expensive homes
- Windsor Mill, MD: higher priced homes
- Woodstock, MD: higher priced homes
- Lutherville-Timonium, MD: higher priced homes
Cities with Similar Populations
- Bonita Springs, FL: higher priced homes
- Carrollton, GA: less expensive homes
- Carson City, NV: equally priced homes
- Colton, CA: equally priced homes
- Columbia, TN: less expensive homes
- Conway, SC: less expensive homes
- Encino, CA: higher priced homes
- Oak Lawn, IL: less expensive homes
- Sammamish, WA: higher priced homes
- Royal Oak, MI: less expensive homes
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