Market Overview
Home Prices in Owings Mills, MD
The median home value in Owings Mills, MD is $405,209 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Owings Mills are priced1% below average. Owings Mills is part of the Baltimore-Columbia-Towson, MD metro area.
Over the past five years, Owings Mills home values have risen by approximately18.5%, reflecting steady appreciation in this market.
Price History
Owings Mills Home Price Trend
City Comparison
Owings Mills vs. National Median
At $405,209, homes in Owings Mills cost 1% below the national median of $410,000. This makes Owings Mills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Owings Mills?
20% Down Payment
$81,042
on $405,209
Monthly P&I
$2,113/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,684/mo
incl. taxes & insurance
Income Needed
$107,360
gross annual (30% rule)
10% Down Option
$40,521
+ PMI applies
Loan Amount (20% dn)
$324,167
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Owings Mills, MD?
The median home value in Owings Mills is $405,209 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Owings Mills?
Over the past year, home values in Owings Mills have increased by 0.6%. Over five years, prices have risen approximately 18.5%.
How much do I need to earn to buy a home in Owings Mills?
To comfortably afford the median home price of $405,209 with a 20% down payment ($81,042) at today's rates (6.8%), you'd need a gross annual income of approximately $107,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Owings Mills compare to the national average home price?
The national median home value is approximately $410,000. At $405,209, homes in Owings Mills are 1% below the national average.
What metro area is Owings Mills part of?
Owings Mills is part of the Baltimore-Columbia-Towson, MD metropolitan area. Home prices and market conditions can vary across the broader metro region.