Owings, MD
Population 2,475 · Maryland
About Owings, MD
Owings is a small town located in Maryland with a population of 2,475 residents according to the latest US Census Bureau American Community Survey data. The median household income is $171,194 per year, which is 128% above the national median of $75,149. The median age of 48.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Owings features a median home value of $592,900, which is 142% above the national median of $244,900. This places Owings in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 1,011 total housing units, 94% are owner-occupied (842 units) and 6% are renter-occupied (55 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Owings shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Owings have an average one-way commute time of 32.1 minutes.
Education & Demographics
43.4% of Owings residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.1% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 6.6% Asian residents, with 8.1% of the population being foreign-born.
How Owings Ranks in Maryland
Cost of Living in Owings, MD
Compared to national averages, Owings has a median household income of $171,194 (128% above the national median of $75,149). Home values average $592,900, which is 142% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Maryland, Owings's income is 59% above the state average of $107,956, and home values are 47% above the state median of $402,447.
Why Live in Owings, MD?
Owings offers a strong local economy with a median household income of $171,194, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 43.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $592,900. However, Owings’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Owings has a population of 2,475 with a median age of 48.2 years. Compare Owings with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Owings
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crisfield | 2,468 | $49,602 | $137,100 | Compare |
| Myersville | 2,464 | $144,840 | $457,900 | Compare |
| Herald Harbor | 2,507 | $139,877 | $562,900 | Compare |
| Croom | 2,519 | $176,758 | $614,500 | Compare |
| Snow Hill | 2,545 | $49,583 | $194,300 | Compare |
| Prince Frederick | 2,404 | $78,625 | $383,000 | Compare |
| Greensboro | 2,563 | $44,934 | $230,600 | Compare |
| Adamstown | 2,381 | $198,993 | $585,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Owings With Other Cities
Frequently Asked Questions about Owings
What is the population of Owings, MD?
The population of Owings, MD is 2,475 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Owings?
The median household income in Owings, MD is $171,194 per year, which is 128% above the national median of $75,149.
What is the median home value in Owings?
The median home value in Owings, MD is $592,900, which is 142% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Owings?
The median monthly rent in Owings, MD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Owings?
The unemployment rate in Owings, MD is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Owings, MD a good place to live?
Owings offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,475 and a median age of 48.2, the city appeals to established professionals and retirees.
How educated is Owings, MD?
43.4% of residents in Owings aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Owings?
Key cost-of-living indicators for Owings, MD: median home value is $592,900 (142% above national), median rent is $0/month, and median household income is $171,194. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Owings?
The poverty rate in Owings, MD is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Owings, MD?
Owings's population is 1.1% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 6.6% Asian, and 11.8% two or more races. 8.1% of residents are foreign-born.