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These days, finding an affordable place to live in the Timonium area can be challenging. Home prices in Timonium are now at a median cost of $546,827, higher than the Maryland average of $450,578.
The average cost of rent is $2,328/mo in Timonium, primarily driven by the current value of real estate in the Timonium area. In Timonium, 21.94% of households rent, and 34.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Timonium is $11,096 per month. Households that rent pay about 20.98% of their income on rent here. Timonium’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lutherville, MD: less expensive homes
- Mays Chapel, MD: equally priced homes
- Lutherville-Timonium, MD: higher priced homes
- Cockeysville, MD: equally priced homes
- Towson, MD: less expensive homes
- Phoenix, MD: higher priced homes
- Glen Arm, MD: higher priced homes
- Parkville, MD: less expensive homes
- Carney, MD: less expensive homes
- Stevenson, MD: equally priced homes
Cities with Similar Populations
- Kenai, AK: less expensive homes
- Jacinto City, TX: less expensive homes
- Jacksboro, TN: less expensive homes
- Jackson, WI: less expensive homes
- Jamestown, TN: less expensive homes
- Jamesville, NY: less expensive homes
- Jarrell, TX: less expensive homes
- Woodbine, MD: higher priced homes
- Kempner, TX: less expensive homes
- Itasca, IL: less expensive homes
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