Quick facts: Lutherville timonium, MD

Quick Facts

114.1
Cost of Living
above US average
6,595
Population
Crime rate Data is updating, will be available soon
$133,865
Median Income
above US average
$518,000
Median House Price
above US average
$3354.13
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $133,865.

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Income Needed to Buy

βœ— Stretch
$163k/year
Based on $518,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $163k vs median $133,865
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Income Needed to Rent

⚠ Stretch
$144k/year
Based on $3354.13/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $144k vs median $133,865
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lutherville timonium, MD

Lutherville-Timonium is a suburban community located in Baltimore County, Maryland, just north of the city of Baltimore. This charming area offers a mix of residential neighborhoods, commercial establishments, and recreational spaces, making it a desirable place to live and work. The community is characterized by its welcoming atmosphere and strong sense of belonging, with well-maintained parks and local amenities. One of the highlights is the nearby Loch Raven Reservoir, which provides excellent opportunities for hiking, fishing, and enjoying nature. Lutherville-Timonium boasts a rich history, with many homes reflecting architectural styles from different eras. The area offers access to quality educational institutions and various shopping and dining options, catering to residents' diverse needs. Additionally, its convenient location allows for a quick commute to Baltimore, making it ideal for those who work in the city but prefer a quieter suburban lifestyle. The community is well-connected via major roadways, including Interstate 83, offering easy access to neighboring areas and attractions in Maryland.

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