Guide to Living in Owings Mills, Maryland

A Local Guide from Associated Real Estate | Ted Coates

Owings Mills, Maryland continues to be one of Baltimore County’s most attractive places to live—and as a local real estate professional, I’ve seen firsthand why buyers and renters choose this community year after year.

Owings Mills offers a rare combination of modern development, convenient commuting, strong amenities, and long-term value. Whether you’re relocating, buying your first home, or planning your next move, understanding the cost of living here helps you make smarter real estate decisions.

Why People Choose Owings Mills

Owings Mills delivers the kind of lifestyle many buyers are looking for today—space, accessibility, and everyday convenience. Residents enjoy:

• Easy access to shopping and dining at Foundry Row

• Walkable, thoughtfully planned neighborhoods

• Nearby parks and outdoor spaces

• Access to major employers and strong school options

• Direct public transit to Downtown Baltimore via Metro Subway Link

It’s a community that works well for professionals, families, and retirees alike.

Owings Mills Home Prices and Real Estate Market

Owings Mills offers a wide range of housing options, from condos and townhomes to single-family homes in established neighborhoods and newer developments.

• Single-family homes: Average around $400,000

• Townhomes: Typically around $325,000

• Condos: Starting near $200,000

Neighborhoods like New Town and Lyons wood tend to command higher prices due to newer construction, walkability, and proximity to amenities. Other areas provide more affordable options while still offering easy access to everything Owings Mills has to offer.

From a market perspective, Owings Mills has shown steady appreciation and consistent demand. Well-priced homes move quickly, and buyers benefit most from strong local guidance and strategy.

Renting in Owings Mills

Renting is a popular option in Owings Mills, especially for commuters and residents new to the area.

• One-bedroom apartments: Around $1,500 per month

• Two-bedroom apartments: $1,800–$2,000

• Larger apartments or rental homes: $2,500–$3,500

Popular rental areas include Foundry Row, Metro Centre, and New Town, where access to dining, transit, and walkability drives demand.

Utility and Monthly Living Costs

Owings Mills’ utility costs align closely with Maryland averages, making monthly expenses predictable.

• Electricity: Approximately $125/month

• Natural Gas: Around $50/month

• Water & Sewer: About $60/month

• Internet: $50–$80/month

Service providers include Baltimore Gas and Electric (BGE), Columbia Gas of Maryland, Baltimore County Water, and internet options such as Xfinity and Verizon Fios.

Taxes in Owings Mills, Maryland

Residents can expect standard Baltimore County and Maryland tax rates:

• Property taxes: Approximately 1.1% of assessed home value

• State income tax: 2%–5.75%, based on income

• Sales tax: 6% statewide

These rates are consistent across the region and are an important factor when planning long-term homeownership.

Transportation and Commuting

Owings Mills is one of the most commuter-friendly areas in Baltimore County.

• Metro Subway Link: Direct access to Downtown Baltimore

• One-way fare: $2.00

• Average commute time: About 30 minutes

• Gas prices: Typically around $3.50 per gallon

• Car insurance: Approximately $1,400 annually

This accessibility makes Owings Mills especially attractive for professionals working in Baltimore, Towson, and surrounding employment centers.

Groceries, Dining, and Everyday Costs

Most households spend $350–$500 per month on groceries, with popular stores including Wegmans, Safeway, and Giant Food.

Dining options range from casual to upscale:

• Casual dining: ~$15 per person

• Fast food: $8–$12

• Fine dining: $40–$50 per person

The variety of choices adds to Owings Mills’ appeal for everyday living.

Entertainment, Fitness, and Lifestyle

Owings Mills offers affordable ways to stay active and enjoy your free time:

• Gym memberships: Starting at $10/month

• Boutique fitness studios: $75–$150/month

• Movie tickets at AMC Owings Mills: Around $15

• Outdoor recreation: Irvine Nature Center and local parks (many free)

Community events and seasonal activities round out the lifestyle experience.

Is Owings Mills a Good Place to Live?

From my experience working with buyers and sellers in this area, Owings Mills offers strong overall value. Housing costs are balanced by manageable living expenses, excellent amenities, and steady market performance.

A household income of $65,000–$80,000 typically supports a comfortable lifestyle, depending on housing choices and personal priorities.

Thinking About Buying or Moving to Owings Mills?

Every neighborhood in Owings Mills has its own personality, price range, and long-term potential. Working with a local expert helps you understand which areas align best with your goals—whether you’re buying, renting, or investing.

If you’re considering Owings Mills, I’m happy to help you explore your options and make a confident move.
— Ted Coates, Associated Real Estate