Baltimore city, Maryland Housing Market
In Baltimore city, Maryland, the median home value is $229,600, with a median monthly rent of $1,331. This places Baltimore city at #1084 nationally out of 3134 counties by median home value, and #22 within Maryland.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,665
- Establishments: 14,895
- BLS QCEW, 2025
Housing Supply
- Single-family: 254
- Multi-family: 289
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 210,997 (avg $71,977)
- Outflow: 208,359 (avg $73,970)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Baltimore city · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21216 | 295.7 | -8.26% | 2025 |
| 2 | 21217 | 324.9 | +8.54% | 2025 |
| 3 | 21213 | 288.2 | -4.69% | 2025 |
| 4 | 21218 | 329.5 | +2.74% | 2025 |
| 5 | 21214 | 318.9 | +0.35% | 2025 |
| 6 | 21211 | 420.6 | +1.98% | 2025 |
| 7 | 21231 | 277.9 | +4.69% | 2025 |
| 8 | 21223 | 276.4 | -2.60% | 2025 |
| 9 | 21201 | 222.1 | -0.90% | 2025 |
| 10 | 21230 | 231.2 | +1.67% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Baltimore city | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $229,600 | $370,016 | $227,706 |
| Median Gross Rent | $1,331 | $1,459 | $968 |
| Owner Occupancy Rate | 47.5% | 72.7% | 73.3% |
| Price/Rent Ratio | 14.4 | 21.1 | 18.7 |
Market Analysis
The median home value in Baltimore city is 37.9% below the Maryland state average and 0.8% above the U.S. national average. The median rent of $1,331/month is 8.8% below the state average.
With a price-to-rent ratio of 14.4, buying a home in Baltimore city is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Baltimore city has an owner-occupancy rate of 47.5%, compared to 72.7% in Maryland and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Harrison County | Indiana | $229,600 | $836 |
| Cole County | Missouri | $229,600 | $834 |
| Grant County | Oregon | $229,700 | $789 |
| Lincoln County | Tennessee | $229,700 | $857 |
| Simpson County | Kentucky | $229,400 | $1,012 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Garrett County | $235,300 | $765 | 79.7% |
| Wicomico County | $254,700 | $1,327 | 62.3% |
| Dorchester County | $262,400 | $1,032 | 65.6% |
| Somerset County | $173,200 | $1,013 | 73.1% |
| Caroline County | $290,100 | $1,105 | 71.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).