What HUD offices serve Owings Mills, Maryland?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Maryland Public Housing and Low-Income Apartments Waiting Lists page for openings near Owings Mills.
How many renters live in Owings Mills, Maryland?
The City of Owings Mills has people living in households.
There are renters living in renter households in this City. Renters make up 51.04 percent of the population living in Owings Mills.
What is the rental market like in Owings Mills, Maryland?
There are an estimated housing units in the Owings Mills area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Owings Mills, Maryland, there are 1.12 rental units.
What is the vacancy rate for rentals in Owings Mills?
The rental vacancy rate in Owings Mills is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Owings Mills for each bedroom size?
Occupied Rental Units by Size in Owings Mills
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 185 | 1,976 | 3,286 | 1,771 | 164 |
Occupied Rental Units by Size in Owings Mills
A large number of apartments in Owings Mills have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Owings Mills
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,379 to $2,849. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,379 |
| One BR | $1,582 |
| Two BR | $1,943 |
| Three BR | $2,519 |
| Four BR | $2,849 |
2024 Fair Market Rents in Owings Mills, Maryland
How many units are rented at Fair Market Rent (FMR) in Owings Mills?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 135 | 73 percent |
| One BR | 1,082 | 55 percent |
| Two BR | 774 | 24 percent |
Rental Units Below FMR in Owings Mills, Maryland
How many affordable rental units are in Owings Mills?
There are a variety of federal affordable housing programs serving households in Owings Mills, Maryland including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly |
Tracked Units by Federal Program in Owings Mills, Maryland
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Owings Mills, Maryland
Owings Mills features 526 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Owings Mills, Maryland
There are 563 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Owings Mills.
Housing Choice Vouchers in Owings Mills, Maryland
On average, Section 8 Housing Choice vouchers pay Owings Mills landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Owings Mills.
The maximum amount a voucher would pay on behalf of a low-income tenant in Owings Mills, Maryland for a two-bedroom apartment is between $1,749 and $2,137.
Sourced from federal housing data and AffordableHousingOnline.com research.