Housing Insights for ZIP Code 21117 (Owings Mills, MD)

Housing Summary for ZIP Code 21117

Homeowners

The median home value in ZIP Code 21117 (Owings Mills, MD) is $290,100. Approximately 54.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.3%.

The average occupancy of owner-occupied units in ZIP Code 21117 is 2.63 occupants, while owner-occupied units have an aggregate average size of 2.75 bedrooms per housing unit.

Renters

In the 21117 ZIP Code, an estimated 45.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 7.7%.

Among renter-occupied units in this ZIP, the average occupancy is 2.43 occupants, while renters in this Baltimore County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21117

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21117.

ZIP 21117 Maryland U.S.
Median Home Value $290,100 $430,752 $361,498
Owner-Occupied Housing Units 54.2% 66.9% 64.0%
Homeowner Vacancy Rate 2.3% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.63 2.75 2.70
Average # of Bedrooms Per Unit 2.75 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 45.8% 33.1% 36.0%
Rental Vacancy Rate 7.7% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.43 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21117 (Owings Mills, MD)

The median home value in ZIP Code 21117 is $290,100. That median value is about 8% lower than the median home value of $314,800 in Maryland overall, and is 33% higher than the $217,500 the median home value in the entire U.S. Approximately 33.3% of homes in ZIP Code 21117 are valued $200,000 to $299,999. That is 36% higher than in the state ofMaryland, where 24.4% of homes are valued at $200,000 to $299,999, and is about 70% higher than in the U.S. overall (19.6% of homes valued at $200,000 to $299,999). The home value range that the smallest portion of ZIP Code 21117 homes fall into is $50,000 to $99,999 (0.3% of homes).

Home Values in ZIP Code 21117

This chart visualizes the breakdown of home values in ZIP Code 21117, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21117 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21117

See the table below for a regional comparison of home values in ZIP Code 21117.

Home Value ZIP 21117 Maryland U.S.
Less than $50,000 0.4% 2.7% 6.9%
$50,000 to $99,999 0.3% 3.7% 12.0%
$100,000 to $149,999 5.2% 6.3% 13.3%
$150,000 to $199,999 13.6% 9.9% 14.0%
$200,000 to $299,999 33.3% 24.4% 19.6%
$300,000 to $499,999 31.2% 32.8% 19.3%
$500,000 to $999,999 13.0% 17.1% 11.4%
$1,000,000 or more 3.0% 3.1% 3.4%

Home Ages in ZIP Code 21117 (Owings Mills, MD)

Approximately 31.0% of homes in this Owings Mills, MD region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 21117 is about 117% higher than percentage of homes built in this time period in Maryland overall (14.3% of homes), and is 123% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 20.2% of local homes were built in 2000 to 2009. On the other end of the scale, just 1.1% of homes in this Baltimore County ZIP Code were built in 1940 to 1949 in ZIP Code 21117. In comparison, 5.2% of homes in Maryland overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21117

A detailed regional comparison of home ages in ZIP Code 21117.

Year Built ZIP 21117 Maryland U.S.
2014 or later 1.9% 2.3% 2.5%
2010 to 2013 3.7% 2.6% 2.7%
2000 to 2009 20.2% 11.4% 14.0%
1990 to 1999 31.0% 14.3% 13.9%
1980 to 1989 17.9% 15.3% 13.4%
1970 to 1979 9.6% 14.1% 15.2%
1960 to 1969 5.9% 11.5% 10.6%
1950 to 1959 5.4% 11.4% 10.3%
1940 to 1949 1.1% 5.2% 4.9%
1939 or earlier 3.2% 11.8% 12.6%

Age of Homes in ZIP Code 21117

See the chart below for details on the age of homes in ZIP Code 21117, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 21117

Frequently asked questions about housing in this Owings Mills, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21117.

1

What is the average home value ZIP Code 21117?

The median home value in ZIP Code 21117 (Owings Mills, MD) is $290,100.
2

Are homes expensive in ZIP Code 21117?

The median home value in 21117 ($290,100) is an estimated 8% lower than the aggregate median value of $314,800 in Maryland, and is 33% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 21117?

The vacacy rate for owner-occupied housing in ZIP Code 21117 is 2.3%. This rate is 35% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21117 vacancy rate is 44% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21117 have older homes or newer construction?

In ZIP Code 21117, about 31.0% of homes were built in 1990 to 1999. That time range includes the most home construction. Also, 20.2% of homes in the region were built in 2000 to 2009. In contrast, 1.1% of homes in 21117 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 21117? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21117 than renter-occupied housing. Owner-occupied units make up 54.2% of housing, compared to 45.8% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21117?

The vacacy rate for rental units in ZIP Code 21117 is 7.7%. This rate is 28% higher than the overall Maryland vacancy rate of 6.0%. Additionally, the 21117 vacancy rate is 28% higher than the entire U.S. vacancy rate of 6.0%.