ZIP Code · MD

ZIP 21117

Pop. 62,816·Baltimore County·84th most expensive ZIP in Maryland
Median rent (all units)
$1,877/mo
Year-over-Year
+2.8%
Month-over-Month
+0.4%
vs US Median
-$55
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 21117 · $1,877
More expensive than 54% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,780
2 BR
$2,190
3 BR
$2,780
4 BR+
$3,080
Research median
$2,190/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 21117 usually run 0.6% below trend in January and 0.8% above it in October, about $26 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 21117 is at its highest level since Zillow's records here began in May 2016.

Past year vs. the rest of Maryland

Rent in ZIP 21117 changed +2.8% over the year to September 2026. Across the 124 Maryland ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 21117 rose 27% while median household income rose 17.3% ($86,793 to $101,831). Rent outpaced income.

Since before the pandemic

Rent in ZIP 21117 is 31.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($101,831) is $2,546 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,190); a 3-bedroom is $2,780.

Cheaper nearby

ZIP 21136, 4 miles away, rents for 22% less ($1,469/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 21117. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$22,524/yr
At $1,877/mo median
Location
StateMD
CountyBaltimore County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.8% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 21117 (Owings Mills, MD) is roughly split between renters and owners, has a median income above the national average, 50.8% of residents hold a bachelor's degree or higher.

Population
62,816
Median income
$101,831
Median age
36.7
Renters
45%
Age distribution
24%
24.2%
26%
12.3%
13.5%
Under 1824%
18–3424.2%
35–5426%
55–6412.3%
65+13.5%
Gender
44.7%
55.3%
Male44.7%
Female55.3%
Race & ethnicity
32.2%
53.9%
White32.2%
Black53.9%
Hispanic8.6%
Asian4.1%
Other1.1%
Education (25+)
16.7%
27.4%
50.8%
No HS diploma5.1%
HS diploma16.7%
Some college27.4%
Bachelor's+50.8%
Housing tenure
55%
45%
Owner55%
Renter45%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 21117 in Owings Mills, MD has changed in 5 years

Rent
$1,546 → $1,877
up 21.4%
Income
$94,417 → $101,831
up 7.9%
Population
59,321 → 62,816
up 5.9%
Renter share
44.2% → 45%
+0.8 pts
Bachelor's+
50.7% → 50.8%
+0.1 pts

Rent in ZIP 21117 in Owings Mills, MD has climbed 21.4% since 2021, going from about $1,546 per month to roughly $1,877 today. On the earnings side, the typical household in ZIP 21117 in Owings Mills, MD now reports about $101,831, up from $94,417 in 2021. Rent outpaced income growth by roughly 13.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 59,321 to 62,816 between 2021 and 2024, a 5.9% change. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 21117 in Owings Mills, MD reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 21117

Last updated: October 17, 2026

ZIP code 21117 covers Owings Mills, MD. The median rent here is $1,877/mo as of October 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $2,190/mo.

At 22% of local median household income ($101,831/yr), ZIP 21117 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 21117?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (about $36/hour full-time) to afford the median rent of $1,877/mo in ZIP 21117. The local median household income is $101,831/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 21117?

Rent in ZIP 21117 has risen 2.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2016.

When is the cheapest time to rent in ZIP 21117?

Asking rents in ZIP 21117 are usually lowest in January, about 0.6% below their yearly trend, and highest in October, about 0.8% above it. At today's median that is a gap of roughly $26 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 21117?

Yes. From 2019 to 2024, rent in ZIP 21117 rose 27% while median household income rose 17.3%, from $86,793 to $101,831. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 21117 compare to other ZIPs in Maryland?

ZIP 21117 is in the middle among Maryland ZIP codes for rent, ranking #84 of 140 at $1,877/mo. Over the year to September 2026, rent in ZIP 21117 changed +2.8%, against a typical +2.6% across the 124 Maryland ZIP codes Zillow tracks.

How does ZIP 21117 compare to the rest of Owings Mills?

At $1,877/mo, ZIP 21117 is $27 below the Owings Mills citywide median of $1,904/mo.
Income Affordability
22%
VERY AFFORDABLE

At $1,877/mo, rent takes ~22% of ZIP 21117's median household income ($101,831/yr). The standard benchmark is 30%.

ZIP 21117 22%Benchmark 30%
State income tax2–5.75%
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