Lutherville Timonium, MD—21093
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lutherville Timonium, MD
As of Oct '25, the median home price in Lutherville Timonium, MD is $499,000, with a year-over-year change of 2.9%. This indicates that home prices in Lutherville Timonium, MD are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $499,000 | 3.0% |
| Single Family | $526,000 | 2.5% |
| Condos | $362,000 | 5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $361,000 | 4.0% |
3 Bed | $478,000 | 2.4% |
4 Bed | $581,000 | 1.9% |
| 5 Bed | $896,000 | 2.3% |
% of Housing Stock
Rental Trends — Lutherville Timonium, MD
As of July '25, Rentcast reports the average rent in Lutherville Timonium, MD is $2,700, with a year-over-year rent change of 22.2%. Per bedroom, the median rent as of July '25 in Lutherville Timonium, MD is studios: $2,730, 1-bedrooms: $1,460, 2-bedrooms: $2,230, 3-bedrooms: $2,940, 4-bedrooms: $3,070. The most common rental property sizes in Lutherville Timonium, MD are 2-bedroom and 1-bedroom, accounting for 47.3% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,880 | $2,700 |
| Studio Rent | $2,730 | $2,730 |
| 1 Bed Rent | $1,520 | $1,460 |
| 2 Bed Rent | $2,100 | $2,230 |
| 3 Bed Rent | $3,000 | $2,940 |
| 4 Bed Rent | $3,050 | $3,070 |
% of Rental Stock
Property Listings — Lutherville Timonium, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Lutherville Timonium, MD is 35. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 4.0% |
Listing Count | 124 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 35 | 9.0% |
Demographics — Lutherville Timonium, MD
As of the latest ACS Survey released in 2023, Lutherville Timonium, MD has a population of 38,900, which has increased by 2.6% over the past 5 years. Lutherville Timonium, MD is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 67.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,900 | 2.6% |
% Under 18 | 21.0% | 1.4% |
% Seniors | 24.4% | 4.3% |
% WFH | 20.5% | 286.8% |
% w/ College Degree | 67.9% | 11.9% |
As of the latest ACS Survey released in 2023, Lutherville Timonium, MD is a predominantly white area, with 76.8% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Lutherville Timonium, MD is asian, making up 9.5% of the population. Foreign-born residents account for 12.1% of the population in Lutherville Timonium, MD, and this percentage has decreased by 4.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.8% | -4.5% |
% Black | 4.9% | 16.7% |
% Hispanic | 4.6% | 100.0% |
% Asian | 9.5% | -10.4% |
% Foreign Born | 12.1% | -4.0% |
Mortgage and Risk — Lutherville Timonium, MD
According to HUD data as of 2023, there were 614 mortgage originations in Lutherville Timonium, MD, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Lutherville Timonium, MD. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 614 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lutherville Timonium, MD
As of 2024, the percent of homes in Lutherville Timonium, MD under the Section 8 program is 5.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lutherville Timonium, MD, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 181 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,520 | $1,590 |
| 2 Bedroom | -$150 | $2,100 | $1,950 |
| 3 Bedroom | -$490 | $3,000 | $2,510 |
| 4 Bedroom | -$250 | $3,050 | $2,800 |
Affordability — Lutherville Timonium, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $499,000 |
| Median Household Income | $122,000 |