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EconPulse

Local economy signal dashboard

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PLACEThriving

Owings Mills, MD

Thriving overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score77out of 100
Compare
82
65
94
68
100

Population

37,245

Data freshness

Unknown

GDP / Output

+6.1% YoY

82

$73.1B

Output changed +6.1% in 2024.

Vintage date unknown

State growth6.0%
U.S. growth5.3%

Jobs

Unemployment rate

65

4.1%

Unemployment is 4.1% for June 2026.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+7.3% 5-year

94

37,245

Population moved +7.3% over the latest ACS window.

Vintage date unknown

State population6,206,011
U.S. population334,922,499

Housing

Rent share of income

68

23.0%

Median rent consumes 23.0% of median household income: Affordable.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$10.2K per resident

100

$8.7B

$8.7B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.7B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$8.7B

$10.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.3B
2. Department of Health and Human Services$2.4B
3. Department of Defense$530.6M

Top recipients

Dollars
1. GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC.$396.0M
2. MARYLAND DEPARTMENT OF EMERGENCY MANAGEMENT$289.6M
3. LOCKHEED MARTIN CORPORATION$259.1M

Affordable

Housing Affordability

23.0%

of median income

1BR estimate$1,510
2BR estimate$1,988
Median income$96,243
Median home value$361,000

ACS context

Quick Facts

Population

37,245

Median age

33.4

Bachelor's degree+

47.1%

Poverty rate

5.6%

Labor force participation

75.9%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.4%

GDP CAGR

+5.6%

Federal flow

5 years

Population (5 years)
202034,711
202135,170
202234,999
202335,626
202437,245
GDP (5 years)
2020$55.6B
2021$59.6B
2022$65.7B
2023$68.9B
2024$73.1B

2-year linear forecast

Predictive Outlook

Population forecast

202437,245
202537,207 *
202637,760 *

R² = 75.7% · * projected

GDP forecast

2024$73.1B
2025$77.9B *
2026$82.3B *

R² = 99.2% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$96,243/yr
Median rent$1,841/mo
Rent share of income23.0%
Est. mortgage (30yr, 6.5%)$21,905/yr
Mortgage share of income22.8%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.1%
State avg4.3%
U.S. avg5.2%
Labor force participation75.9%
Poverty rate5.6%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$361,000
Median monthly rent$1,841
Price-to-rent ratio16.3x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score79/100
Economic growth82/100
Labor market65/100
Population momentum94/100
Overall stability77/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Owings Mills CDP, Maryland

City/Town

Part of

Baltimore-Columbia-Towson, MD

Nearby locations

Garrison, MDRandallstown, MDReisterstown, MDMilford Mill, MDPikesville, MD