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These days, finding an affordable place to live in the Baltimore City area can be challenging. Home prices in Baltimore City are now at a median cost of $248,986, lower than the Maryland average of $450,578.
The average cost of rent is $1,395/mo in Baltimore City, primarily driven by the current value of real estate in the Baltimore City area. In Baltimore City, 52.49% of households rent, and 35.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Baltimore City is $6,016 per month. Households that rent pay about 23.19% of their income on rent here. Baltimore City’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Baltimore County, MD: higher priced homes
- Howard County, MD: higher priced homes
- Kent County, MD: higher priced homes
- Frederick County, MD: higher priced homes
- Jefferson County, WV: higher priced homes
- Berkeley County, WV: higher priced homes
- Cumberland County, NJ: less expensive homes
- Hampshire County, WV: less expensive homes
- Atlantic County, NJ: higher priced homes
- Mineral County, WV: less expensive homes
Counties with Similar Populations
- Plymouth County, MA: higher priced homes
- Utah County, UT: higher priced homes
- Richmond County, NY: higher priced homes
- Sonoma County, CA: higher priced homes
- Bernalillo County, NM: higher priced homes
- Washoe County, NV: higher priced homes
- Brevard County, FL: higher priced homes
- Ocean County, NJ: higher priced homes
- Bucks County, PA: higher priced homes
- Camden County, NJ: higher priced homes
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