21117, Owings Mills, MD

The 21117 zip code of Owings Mills, MD has a median home value of $269,000 and a median home equity value of $146,000. This is higher than the Maryland median home value of $216,500 and the national median home equity value of $179,200. The 21117 zip code also has a lower than average homeownership rate at 63%. This is lower than the Maryland homeownership rate of 66% and the national homeownership rate of 69%.

There are several factors that may contribute to the high home values in the 21117 zip code. First, Owings Mills is an affluent suburb located just outside Baltimore. Second, there is a high demand for housing in this area due to its proximity to major metropolitan areas such as Baltimore and Washington D.C. Third, there are relatively few homes for sale in this zip code which may lead to increased prices. Finally, many homes in this area were built between 2000 and 2010 which may be more expensive than newer homes.