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Timonium

Learn about the people, housing, costs and businesses in Timonium, Maryland

Median Home$502,774
Median Rent$2,396/month
Population10,171
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation12% arts, food & hospitality
Home Value Growth+4.1% over 2 years
Retirees21% of residentsnear the national average
Homeowners80% of occupied units
NotableAmenity Score85/100 · highly walkable area
NotableTransit85/100 · excellent transit access
Timonium
MD

Frequently Asked Questions

What are today's mortgage rates in Timonium?

As of today, the 30-year fixed mortgage rate for Timonium is approximately 6.899% (6.935% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Timonium?

The median home value in Timonium is $503k. The median monthly rent is $2,396. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Timonium?

Home values in Timonium have increased 4.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Timonium?

Based on a typical all-in ownership cost of $1,894/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Timonium is $122k/year.

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What industries drive the economy in Timonium?

The largest employment sectors in Timonium are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.