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City · 37,245 residents · Baltimore County, Maryland

Owings Mills , Maryland

In Owings Mills, a typical home is worth $361,000 and typical rent is $1,841 a month. Compared with all of Baltimore County, typical rent is 13% higher and the share of households that own their home is 21 points lower.

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  • Typical home value

    $361,000

    3% above the county

    14% below Maryland

    • Owings Mills
    • Baltimore
    • Maryland

  • Typical rent

    $1,841a month

    13% above the county

    8% above Maryland

    • Owings Mills
    • Baltimore
    • Maryland

  • Typical household income

    $96,243a year

    5% above the county

    7% below Maryland

    • Owings Mills
    • Baltimore
    • Maryland

  • Households that own their home

    45%

    21 points below the county

    22 points below Maryland

    • Owings Mills
    • Baltimore
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$396,964
about the same as 12 months ago
Typical rent
$1,904 a month
2.8% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Owings Mills is in Baltimore County. The FHA loan limit ($747,500 for a one-unit home), the fair market rents and the help on this page are those of all of Baltimore County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Owings Mills apart

What this place has that others do not, from public data, most unusual first.

  1. 45% of households in Owings Mills own their home, against 66% in Baltimore County.

  2. Nearby, in Milford Mill, the typical home value is $273,600: 24% less than in Owings Mills ($361,000).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Owings Mills

What homes there are in Owings Mills, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Owings Mills, the apartment is the most common kind of home: 53%, against 25% in Baltimore County.

Year built

Homes in Owings Mills are newer: the typical year built is 1996; in Baltimore County, 1973.

There are fewer big homes in Owings Mills than in Baltimore County: 47% have 3 bedrooms or more, against 63%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,153 a month

Baltimore County: $2,049 a month

Without a mortgage

$691 a month

Baltimore County: $703 a month

Owners with a mortgage

86%

Baltimore County: 67%

The typical cost for an owner with a mortgage in Owings Mills is $2,153 a month, more than in Baltimore County ($2,049); without one, $691.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Owings Mills rose 39%; in Baltimore County, it rose 34%.

Since 2015–2019, the typical rent in Owings Mills rose 19%, less than in Baltimore County (25%).

To compare: typical income in Owings Mills rose 18%; the home, +39%; the rent, +19%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureOwings MillsBaltimore CountyMarylandUnited States
Rental vacancy 6.0%4.8%4.7%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room Unreliable estimate2.1%2.5%3.4%
People per household 2.442.502.572.53
Drive alone 65%70%65%69%
Carpool 6%8%8%9%
Public transit 5%3%4%3%
Walk or bike 3%2%2%3%
Work from home 20%17%19%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

The rental vacancy rate in Owings Mills is 6.0%, higher than in Baltimore County (4.8%).

A household in Owings Mills has 2.44 people on average, about the same as in Baltimore County (2.50).

In Owings Mills, 20% of workers work from home, more than in Baltimore County (17%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Owings Mills?

A typical home costs more than the typical income allows

We start with a typical home in Owings Mills, worth $361,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Owings Mills, which is $96,243 a year. For that payment to be 28% of income, a household would need to earn about $129,737 a year.

The calculator's FHA and conventional loan limits are those of all of Baltimore County.

Your numbers

Local data
$

Starts at the typical home value in Owings Mills. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,635 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,027

at 7.18% · 30 years

Loan amount
$354,461
Total interest
$509,987
Paid off in
November 2056

Includes $6,096 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,246 a month

  • Tight

    $2,246 to $2,887 a month

  • Hard

    more than $2,887 a month

    Your payment · 38%

Compared with the typical household income in Owings Mills ($96,243 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,027
Principal & interest$2,401
Property tax$316
Home insurance$150
FHA mortgage insurance (MIP)$160

You need at least $12,635 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Owings Mills and Baltimore County

Owings Mills is in Baltimore County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Owings Mills's own numbers

Typical home value
$361,000
Typical monthly rent
$1,841
Typical yearly household income
$96,243
Households that own their home
45%
Effective property tax rate
1.05%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Baltimore County

FHA limit, one-unit home
$747,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,006
Price change over 5 years (FHFA)
+39%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Baltimore County.

Everything about Baltimore County

Buying

Buying a home in Owings Mills

A typical home in Owings Mills is worth $361,000: 3% above the county and 14% below Maryland. With the typical household income in Owings Mills ($96,243 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Owings Mills 3.8 years
  • Baltimore 3.8 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Baltimore County

According to FHFA’s house price index, home prices in Baltimore County rose 58% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Baltimore County.

Period County Maryland U.S.
Last year (2025) +2.9% +2.7% +2.9%
5 years (2020–2025) +39% +40% +47%
10 years (2015–2025) +58% +60% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Owings Mills next to Baltimore County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Owings Mills $361,000
  • Baltimore $349,300
  • Maryland $419,900
  • United States $332,700
Typical monthly rent
  • Owings Mills $1,841
  • Baltimore $1,627
  • Maryland $1,705
  • United States $1,413
Typical yearly household income
  • Owings Mills $96,243
  • Baltimore $91,768
  • Maryland $103,678
  • United States $80,734
See the full table
Owings Mills next to Baltimore County and Maryland
Measure Owings Mills Baltimore County Maryland U.S.
Typical home value $361,000 $349,300 $419,900 $332,700
Typical monthly rent $1,841 $1,627 $1,705 $1,413
Typical yearly household income $96,243 $91,768 $103,678 $80,734
Households that own their home 45% 66% 68% 65%
Typical yearly property tax $3,803 $3,736 $4,093 $3,119
Effective property tax rate 1.05% 1.07% 0.97% 0.94%
Renters with high rent for their income 49% 54% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Baltimore County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Owings Mills

For a typical $361,000 home in Owings Mills, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Owings Mills's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,027a month

    Least cash to close
    Down payment
    $12,635
    Cash to close
    $23,465
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $160

  • Conventional, 5% down $2,961a month

    Down payment
    $18,050
    Cash to close
    $28,880
    Rate
    7.18%
    Mortgage insurance
    PMI · $171

  • Conventional, 20% down, no PMI $2,423a month

    Down payment
    $72,200
    Cash to close
    $83,030
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,756a month

    Down payment
    $54,150
    Cash to close
    $64,980
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Owings Mills and for Baltimore County.

Property tax

Effective rate in Owings Mills

1.05%of the home’s value each year

$3,803 a year for the typical owner in Owings Mills.

  • Owings Mills 1.05%
  • Baltimore 1.07%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Baltimore County

FEMA does not publish these numbers by city: they are for all of Baltimore County.

FEMA’s maps count no homes in the high-risk zone in Baltimore County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Owings Mills

Typical rent in Owings Mills is $1,841 a month: 13% above the county. In Owings Mills, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Baltimore County, by unit size. To pay the 2-bedroom one ($2,006 a month) without spending more than 30% of your income, you would need to earn $38.58 an hour working full time.

HUD fair market rent for all of Baltimore County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,523 $29.29 $60,920
1 bedroom $1,625 $31.25 $65,000
2 bedrooms $2,006 $38.58 $80,240
3 bedrooms $2,509 $48.25 $100,360
4 bedrooms $2,789 $53.63 $111,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Owings Mills

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Owings Mills is in ZIP code 21117.

For 2 bedrooms it is $2,350: $344 more than the fair market rent for Baltimore County ($2,006).

  • 21117 $2,350$2,940

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Owings Mills when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Owings Mills

HUD lists 10 buildings with rents for lower incomes in Owings Mills. These are the largest.

  • Timbercroft Apartments 67 Timber Grove Rd, Owings Mills 21117 284 low-income homes · 1 bd: 56 · 2 bd: 212 · 3 bd: 16 · In service since 2015 · For families (410) 356-7992
  • Weinberg Village IV 3410 Associated Way, Owings Mills 21117 100 low-income homes · 1 bd: 72 · 2 bd: 28 · In service since 2007 · For older adults, people with disabilities
  • Weinberg Village III 3414 Associated Way, Owings Mills 21117 99 low-income homes · For older adults (410) 581-7878
  • Weinberg Village V 3430 Associated Way, Owings Mills 21117 86 low-income homes · 1 bd: 62 · 2 bd: 24 · In service since 2011 · For older adults
  • Weinberg Village II 3440 Associated Way, Owings Mills 21117 85 low-income homes · 1 bd: 69 · 2 bd: 16 · In service since 2005 · For older adults

See all 88 buildings in Baltimore County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Owings Mills

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Baltimore County; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Owings Mills

No down payment, repair or rent-help program on our list is for Owings Mills or Baltimore County. The ones below are statewide in Maryland: they work in Owings Mills the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Owings Mills

The HUD-approved agencies closest to the center of Owings Mills, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Operation Hope Pikesville MD

    1525 Town Center Pl, Pikesville · 4 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 3 more
    (470) 223-0285

  • Diversified Housing Development, Inc.

    8025 Liberty Rd, Windsor Mill · 4 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 2 more
    (410) 496-1214

  • Comprehensive Housing Assistance, Inc

    5809 Park Heights Ave, Baltimore · 7 miles away · Spanish

    Also serves in American Sign Language (ASL) and Russian.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (410) 500-5300

Every agency in Baltimore County All counseling agencies in Maryland

Help in Spanish near Owings Mills

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Owings Mills

HUD’s record names them for Owings Mills or Baltimore County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Maryland Source: HUD

Cities

Other cities in Baltimore County

These cities are also in Baltimore County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Baltimore County Housing in Maryland
See 18 more cities in Baltimore County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Owings Mills, with the typical home value.

Neighboring counties

If Baltimore County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Owings Mills.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Owings Mills

Short answers with the numbers for Owings Mills and all of Baltimore County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Owings Mills?

The typical home value in Owings Mills is $361,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Baltimore County it is $349,300.

How much does it cost to rent in Owings Mills?

Typical rent in Owings Mills is $1,841 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Baltimore County is $2,006.

What is the FHA loan limit in Owings Mills?

Owings Mills uses the FHA limit for all of Baltimore County (2026): $747,500 for a one-unit home and $1,437,500 for a four-unit home.

How much property tax do owners pay in Owings Mills?

The typical homeowner in Owings Mills pays $3,803 a year, according to the U.S. Census Bureau. That is 1.05% of the home’s value; in Baltimore County, the rate is 1.07%.

Where can I find free help to buy or rent in Owings Mills?

There are 2 HUD-approved counseling agencies with an office in Baltimore County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).