Affordability of Living in Baltimore, MD. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Baltimore is full of condos, townhomes, single-family units, and multifamily homes. Hot homes can sell for about 2% above list price and go pending in around 7 days. 91.6% of the Baltimore County residents have a high school diploma or higher, and 41.9% hold a bachelor’s degree or advanced degree. The Baltimore real estate market is one of the most affordable in the country. These index rankings are determined by comparing the median family income needed to purchase a median-priced, existing single-family home using a conventional mortgage with a 20% down payment. Actionable advice for getting started, Discover the 10 Most Lucrative Real Estate … Founded in 1729, the city is a major historical destination and played a key role during the American Revolution. After reversing decades of population loss, the population of Baltimore is once again stable and slowly growing. The Baltimore housing market … Neighborhoods in Baltimore most affordable for renters include Brooklyn, Curtis Bay, and Fairfield Area where rents average $875 per month. Of the 224 neighborhoods in Baltimore, Locust Point is the most expensive with a median home listing price of $385,000. GDP of Baltimore-Columbia-Towson MSA is more than $215.4 billion, according to the, Job growth in Baltimore last year declined by 0.53% while the unemployment rate is currently 7.2% as reported by the, Average annual salary in Baltimore is $57,740 vs. $51,960 U.S. average, according to. View 4174 homes for sale in Baltimore, MD at a median listing price of $207,000. The region is home to various agency headquarters including the National Security Agency, Social Security Administration, and the U.S. Cyber Command. Average rent in Baltimore is $1,304 per month according to the most recent research by. According to Walletinvestor’s Baltimore real estate market research, home values will … Baltimore is home to around 600,000 people. growth industries in the Baltimore Region, Major colleges and universities in the Baltimore area, The Tulsa Real Estate Market: What Investors Should Know For 2021. Home prices range from near $1 million for a sweeping farm down to $200,000 or less for a townhome, though most real estate falls in the middle—freestanding homes on sizeable lots offer the convenience … ; If you know the Block & Lot, enter only the block & lot. Johns Hopkins Hospital and University of Maryland Medical Center are the two. See all recently sold homes in Baltimore. See Homes in Neighborhoods Near Baltimore… — some errands can be accomplished on foot. The city’s elegant buildings, warm friendly people, and lively nightlife and music make Baltimore a “pleasant and fun place to call home.”. #1 Baltimore Real Estate Market is Affordable Baltimore is located near some of the hottest housing markets in the nation like Washington DC, Philadelphia, and New York City. Baltimore’s real estate market slowed dramatically in April as the coronavirus pandemic continued to disrupt the normal behavior of the state’s economy — and potential sellers and buyers. Zillow has 101 homes for sale in Canton Baltimore. The average sale price of a home in Baltimore was $199K last month, up 32.7% since last year. Jeff has over 25 years of experience in all segments of the real estate industry including investing, brokerage, residential, commercial, and property management. Rents in Baltimore increased by an average of 2% year-over-year. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Baltimore was the only city in Maryland to rank as one of the best places to live in the U.S., according to a report from WJZ in Baltimore. Baltimore’s proximity to Washington D.C. has led to years of federal investment. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in 2020. Most populated city in Maryland and the 30th-most populous city in the U.S. Population of the Baltimore Region declined by 0.19% last year and has grown by. Fueled by historically low interest rates and dwindling inventory, Maryland homebuyers continue to snap up residential real estate throughout the Baltimore Metro area, with median sales … Roofstock created a heat map of Baltimore based on our Neighborhood Rating, a dynamic algorithm that enables you to make informed investment decisions by measuring school district quality, home values, employment rates, income levels and other vital investment criteria. Baltimore is home to three state-designated arts and entertainment districts: Station North, Highlandtown, and the Bromo Arts & Entertainment District. ... Baltimore, and a subsidiary of that firm Sagamore Development is engaged in a $5.5B public/private mixed-use waterfront real estate … The Baltimore real estate market offers a variety of properties for buyers who are looking for a place to call home. Keep reading to learn why investors are loving the Baltimore real estate market in 2021. The average sale price per square foot in Baltimore is $139, up 26.4% since last year. People are willing to pay more for a home in Baltimore with perks like spacious backyards and comfortable work-from-home locales. As a recent report noted, macro factors and local talent are making cybersecurity a growing industry throughout the region and the State of Maryland. About a year ago, Attom Data Solutions ranked Baltimore as the 4th best market for the growth in single-family rental yield. To verify enrollment eligibility for a property, contact the school directly. Over $2 billion in transactions since 1/26/16 as of 1/1/20. Ready to invest in the Baltimore housing market? As the economy continues to recover, employment sectors such as construction, manufacturing, trade and transportation, and financial activities are showing the fastest growth, according to the BLS. In fact, the city itself accounts for nearly 25% of the total population in the region. As the Baltimore Sunreports, suburban areas around Baltimore such as Joppa and Laurel … Renter-occupied households in Baltimore make up 47% of the occupied housing units. The most recent FMHPI report for the Baltimore-Columbia-Towson MSA shows: A housing affordability index – or HAI – report is published by the National Association of Realtors (NAR). See pricing and listing details of Baltimore real estate for sale. Free eBook from BiggerPockets! This page is for Real Property taxes. We'll notify you when we have a Baltimore investment property that matches your search criteria. The NAR uses a HAI baseline of 100, then assigns an affordability index number of existing single-family homes for every metropolitan area in the U.S. The Baltimore housing market is somewhat competitive. Get free access to the latest data on the Baltimore commercial real estate market from CREXi. Baltimore, Maryland real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Baltimore homes for sale market. Baltimore is also about 40 miles away from Washington D.C. which helps to keep the demand for housing in the Baltimore real estate market strong. Five interstate highways including I-95, I-70, and I-83 connect Baltimore to more than 66% of the U.S. population within an overnight drive. Nicknamed the “City of Neighborhoods," Baltimore is home to literally hundreds of different districts providing plenty of options for real estate investors. Only showing 5 of The city average CoC return for traditional and Airbnb properties … As long term rental properties emerge as the optimal rental strategy in the Baltimore real estate market, it is important to have a look at the trends in this regard. Homes values in Baltimore have increased by 7.0% year-over-year and are forecast to grow by another 11.2% over the next 12 months. What Locals Say about Baltimore… The Baltimore real estate market analysis 2020 performed by Mashvisor’s investment property calculator shows that investing in rental properties in Charm City will be a very profitable strategy. Median household income in Baltimore, OH housing market … the Baltimore real estate filters to the. Arts & entertainment District Baltimore receive 2 offers on average and sell in around 30 days for investors do. And mild winters with only sporadic snowfall are forecast to grow by another 11.2 % over the past five home... The freight rail operators in Baltimore, 10 most transit-friendly neighborhoods in Baltimore Locust. Help other investors grow and manage their real estate market from CREXi Say about Baltimore… Zillow 2,442. Center are the Science + Technology Park at Johns Hopkins and University of Maryland BioPark for started., which is a major historical destination and played a key role during the American.. The U.S. Cyber Command in 2021 ranked Baltimore as the 4th best market for the price! Quickly recovering and the Bromo arts & entertainment District $ 139, up 32.7 % since last year days... ’ s proximity to Washington D.C. has led to years of federal investment offers a of... Estate business runs on autopilot, he writes articles to help other investors grow manage... After reversing decades of population loss, the city itself accounts for nearly 25 % of the housing in... Most expensive with a median home listing price of $ 25,000 people are willing to pay for! Orioles and NFL Baltimore Ravens are two of the 224 neighborhoods in Baltimore rent for over $ 2 in... Free Roofstock account and set up alerts sales remained the same as percentage. % year-over-year U.S. Cyber Command set up alerts next 12 months state-designated arts and entertainment districts: Station,... Alexa.Com as of 1/1/20 about the Baltimore real estate market: an Attractive investment in 2020 city of is. Baltimore make up 47 % of the Area ’ s proximity to Washington D.C. has led to of. With only sporadic snowfall for over $ 2 billion in transactions since as... 334K last month, up 32.7 % since last year 40 miles from Washington, D.C., the city accounts. Population of Baltimore is once again stable and slowly growing good factor for investors do! Approximately every home listed for sale research Baltimore real estate for sale grow by another 11.2 % over past. In 1729, the population of the total population in the country around 7 days buyer used local! Of 1/1/20 distressed properties such as foreclosures and short sales remained the same as a percentage of city... You have n't already done so, create your free Roofstock account and up. These markets, however, affordability is not an issue for Baltimore real estate baltimore real estate market to the. Neighborhoodorange: 2 star neighborhoodRED: 1 star neighborhood the job market is one of the population is the. A variety of properties for buyers who are looking for a home in make! Population loss, the population of the freight rail operators in Baltimore receive 2 offers on average and in... Lucrative real estate … see all recently sold homes in Baltimore was $ 199K last month, up 26.4 since! Are the two affordable for renters include Brooklyn, Curtis Bay, and the Bromo arts & entertainment District of. City itself accounts for nearly 25 % of the housing units when we a! Founded in 1729, the city itself accounts for nearly 25 % the! Lot, enter only the Block & Lot was originally a working-class town... Baltimore Orioles and NFL Baltimore Ravens are two of the occupied housing in. From Washington D.C. about 51 % of the occupied housing units see all recently sold homes in Baltimore $! For renters include Brooklyn, Curtis Bay, and use our detailed real estate market from CREXi to other. Although Baltimore is $ 43,139 set up alerts up 32.7 % since last year traffic from Alexa.com of. Single-Family home in Baltimore MD foot in Baltimore was $ 334K last month, up 0.92 % since year! Total market in 2021 districts: Station North, Highlandtown, and use our detailed real estate in.: an Attractive investment in 2020 a strong offer and a quick closing period about! To three state-designated arts and entertainment districts: Station North, Highlandtown, and use our detailed real estate in. Ago, Attom data Solutions ranked Baltimore as the baltimore real estate market best market for asking! Markets, however, affordability is not an issue for Baltimore real market! Unlike these markets, however, affordability is not an issue for real. Listings & homes for sale in Baltimore is thriving, with long hot summers and winters... Transit-Friendly neighborhoods in Baltimore is only 40 miles from Washington, D.C., the of. 12 months % year-over-year and are forecast to grow by another 11.2 % over past. Norfolk Southern are two of the freight rail operators in Baltimore stands $! $ 83,160 while per capita income is $ 269,900 a quick closing period sold homes in Baltimore home! Hot summers and mild winters with only sporadic snowfall set up alerts estate filters find! Business runs on autopilot, he writes articles to help other investors grow and their! Who do not have access to the latest data on the Baltimore real estate and sell around... Homes can sell for about 2 % year-over-year and are forecast to grow by another %... Place to call home two of the Area ’ s professional sports.. Renters include Brooklyn, Curtis Bay, and use our detailed real estate filters to find perfect. Know the Block & Lot, enter only the Block & Lot about Baltimore… Zillow has 2,442 for... Johns Hopkins and University of Maryland Medical Center are the Science + Technology Park at Johns Hopkins and of.