Owings Mills, MD—21117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Owings Mills, MD
As of Oct '25, the median home price in Owings Mills, MD is $384,000, with a year-over-year change of 1.4%. This indicates that home prices in Owings Mills, 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 | $384,000 | 1.4% |
| Single Family | $421,000 | 1.2% |
| Condos | $255,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $259,000 | -0.8% |
3 Bed | $359,000 | 1.4% |
4 Bed | $541,000 | 1.1% |
| 5 Bed | $738,000 | 1.0% |
% of Housing Stock
Rental Trends — Owings Mills, MD
As of July '25, Rentcast reports the average rent in Owings Mills, MD is $2,200, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Owings Mills, MD is studios: $1,700, 1-bedrooms: $1,480, 2-bedrooms: $2,110, 3-bedrooms: $2,720, 4-bedrooms: $3,050. The most common rental property sizes in Owings Mills, MD are 2-bedroom and 3-bedroom, accounting for 47.6% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,200 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $1,450 | $1,480 |
| 2 Bed Rent | $2,100 | $2,110 |
| 3 Bed Rent | $2,700 | $2,720 |
| 4 Bed Rent | $3,000 | $3,050 |
% of Rental Stock
Property Listings — Owings Mills, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Owings Mills, MD is 38. This is a increase of 17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $414,000 | -2.0% |
Listing Count | 152 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 38 | 17.0% |
Demographics — Owings Mills, MD
As of the latest ACS Survey released in 2023, Owings Mills, MD has a population of 61,300, which has increased by 4.5% over the past 5 years. Owings Mills, MD is a moderately popular place for families, as children make up 22.7% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,300 | 4.5% |
% Under 18 | 22.7% | 3.2% |
% Seniors | 13.9% | 15.8% |
% WFH | 18.3% | 315.9% |
% w/ College Degree | 47.8% | -5.0% |
As of the latest ACS Survey released in 2023, Owings Mills, MD is a predominantly black area, with 54.5% of the population identifying as black. The black population has grown by 21.1% in the last 5 years. The second most common race or ethnicity in Owings Mills, MD is white, making up 29.7% of the population. Foreign-born residents account for 17.4% of the population in Owings Mills, MD, and this percentage has decreased by 18.3% 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 | 29.7% | -20.4% |
% Black | 54.5% | 21.1% |
% Hispanic | 8.3% | 2.5% |
% Asian | 4.1% | -40.6% |
% Foreign Born | 17.4% | -18.3% |
Mortgage and Risk — Owings Mills, MD
According to HUD data as of 2023, there were 914 mortgage originations in Owings Mills, MD, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Owings Mills, MD. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 914 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Owings Mills, MD
As of 2024, the percent of homes in Owings Mills, MD under the Section 8 program is 10.4%. 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. In Owings Mills, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,432 |
Total Units Section 8 | 1,190 |
% Rentals under Section 8 | 10.4% |
% Occupied Section 8 | 84.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,450 | $1,840 |
| 2 Bedroom | $150 | $2,100 | $2,250 |
| 3 Bedroom | $200 | $2,700 | $2,900 |
| 4 Bedroom | $240 | $3,000 | $3,240 |
Affordability — Owings Mills, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $384,000 |
| Median Household Income | $101,000 |