There are currently 11,426 real estate properties in Lutherville Timonium, MD, with a median automated valuation model (AVM) price of $444,696.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lutherville Timonium, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lutherville Timonium, MD, is $532,805.00, with the most expensive house in Lutherville Timonium, MD, topping out at $8,711,901.00 and the cheapest home in Lutherville Timonium, MD, clocking in at $50,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Lutherville Timonium, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lutherville Timonium, MD, is on a rollercoaster ride. The average rent price in Lutherville Timonium, MD, is $2,306.00. Indeed, when looking to rent in Lutherville Timonium, MD, you can expect to pay as little as $970.00 or as much as $5,330.00, with the average rent median estimated to be $2,170.00. The good news is that finding an affordable and desirable property to rent in Lutherville Timonium, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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