Market Overview
Home Prices in Owings, MD
The median home value in Owings, MD is $628,130 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Owings are priced53% above average. Owings is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Owings home values have risen by approximately14.2%, reflecting steady appreciation in this market.
Price History
Owings Home Price Trend
City Comparison
Owings vs. National Median
At $628,130, homes in Owings cost 53% above the national median of $410,000. Buyers in Owings should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Owings?
20% Down Payment
$125,626
on $628,130
Monthly P&I
$3,276/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,161/mo
incl. taxes & insurance
Income Needed
$166,440
gross annual (30% rule)
10% Down Option
$62,813
+ PMI applies
Loan Amount (20% dn)
$502,504
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, MD?
The median home value in Owings is $628,130 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?
Over the past year, home values in Owings have increased by 0.6%. Over five years, prices have risen approximately 14.2%.
How much do I need to earn to buy a home in Owings?
To comfortably afford the median home price of $628,130 with a 20% down payment ($125,626) at today's rates (6.8%), you'd need a gross annual income of approximately $166,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Owings compare to the national average home price?
The national median home value is approximately $410,000. At $628,130, homes in Owings are 53% above the national average.
What metro area is Owings part of?
Owings is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.