Real Estate Investing in Lutherville Timonium, Maryland (21093)
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Should you buy in 21093 (Lutherville Timonium, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lutherville Timonium, MD (21093)?
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Market Analysis: 21093 Lutherville Timonium
ZIP 21093 in Lutherville Timonium, MD carries a substantial set of headwinds. Home values near $513K and rents of $2,203/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 21093 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader MD picture, 21093 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 21093 ZIP's population of 38,895 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Distressed ZIPs reward experience. robust returns are possible in 21093, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lutherville Timonium:
Property Strategy for 21093
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $361,267 | $1,830 | 3.6% | +6.2% | $180,634 |
| 3BR | $477,651 | $2,320 | 3.5% | +4.9% | $159,217 |
| 4BR | $581,207 | $2,570 | 3.2% | +4.7% | $145,302 |
| 5BR | $895,593 | — | — | +5.6% | $179,119 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21093 Compare?
| Metric | 21093 | Lutherville Timonium | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $513,296 | $513,296 | N/A | $424,997 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 4.9% |
| Avg Rent | $2,203 | $2,203 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21093 (Lutherville Timonium, MD). Anonymous, moderated, never written by AI.
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Property managers serving Baltimore County
Manage rentals here? List your business →American Community Management provides community association management and HOA services across Maryland, Virginia, and D.C. summary from their website
Melan Property Management delivers proactive property management solutions for multifamily and commercial real estate across Maryland, Washington D.C., and Miami. summary from their website
Tidewater Property Management, Inc. is a family-owned company in the Mid-Atlantic providing full-service HOA, condo, and rental property management for single-family and multifamily properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $513,296 |
| Monthly Rent | $2,203 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 Rent Trends
| 1-Year | -6.1% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 21093
Population: 38,895
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 21093
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Riderwood Elementary
West Towson Elementary
Ridge/Ruxton School
George W. Carver Center for Arts & Technology
Home Assignments-Secondary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,425 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Lutherville Timonium, MD?
Lutherville Timonium, MD median home values land near $513K. That is reasonable territory for investors looking at $2,203/mo-per-month rentals.
How should investors approach Lutherville Timonium, MD?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lutherville Timonium, MD. The numbers - $513K homes against $2,203/mo rents - support that play.
What is the tenant pool like in Lutherville Timonium, MD?
Tenant quality in Lutherville Timonium, MD ranks as solid. Landlords generally report steady occupancy at market rents of $2,203/mo.
Is Lutherville Timonium, MD a good market for FHA house hackers?
For house hackers, Lutherville Timonium, MD is a challenging. The $2,203/mo rent on a unit helps defray the mortgage on a $513K property.
Is Lutherville Timonium, MD a friendly market for rental owners?
Landlord-friendliness in Lutherville Timonium, MD is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 21093 now. You don’t know where it ranks.
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How 21093 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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