According to statistics, the population in Owings Mills, MD amounts to 34,231, which shows growth 3% compared to the previous year. The median age of the city’s residents is 34. The average household income is $72,609, shifting growth 4% from the past year, and the average property value in Owings Mills, MD growth 1% to $246,500 throughout the year.
|Number Of Employees||18,817|
|Median Property Value||$246,500|
The average household income in Owings Mills, MD grew from $70,130 to $72,609 in the past year. This data is an estimate based upon 12,934 households in Owings Mills, MD . The chart below presents how household income is distributed in Owings Mills, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Owings Mills, MD shifted from $243,000 to $246,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Owings Mills, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Owings Mills, MD properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Owings Mills, MD compared to median property taxes around the country. The prevalent amount of property taxes in Owings Mills, MD equals $3000, which is less than the national average.
|May||vs Last Month|
|4+ bed apartments||$898,900||+8%|
During May 2023, the average price for an apartment in/near Owings Mills, MD decreased by 5.7% to $511,573.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $179,000 with no changes this month. Asking price for 2-bed apartment also increased by 7.6% and a place of this size will now cost you $260,000. A 3-bed apartment goes for $345,123, it decreased by 2.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 8% and made it up to $898,900.
|May||vs Last Month|
|Houses for sale||$829,294||-5.8%|
|Condos for sale||$316,052||-2.9%|
Price reports demonstrate that house price decreased by 5.8% this month making it up to $829,294. Condos faced an upward trend these days. The median price for a condo decreased by 2.9%, it’s now available for $316,052.