Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Baltimore area can be challenging. Home prices in Baltimore are now at a median cost of $356,735, lower than the Maryland average of $357,815.
The average cost of rent is $1,611/mo in Baltimore, primarily driven by the current value of real estate in the Baltimore area. While nearly 29.31% of residents own their homes outright in Baltimore, 28.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in Baltimore is $8,918 per month. Households that rent pay about 18.07% of their income on rent here. Baltimore's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Gwynn Oak, MD: less expensive homes
- Brooklyn, MD: less expensive homes
- Lansdowne, MD: less expensive homes
- Baltimore Highlands, MD: less expensive homes
- Towson, MD: higher priced homes
- Halethorpe, MD: less expensive homes
- Parkville, MD: less expensive homes
- Rosedale, MD: less expensive homes
- Overlea, MD: less expensive homes
- Lochearn, MD: less expensive homes
Cities with Similar Populations
- Detroit, MI: less expensive homes
- Denham Springs, LA: less expensive homes
- Duluth, MN: less expensive homes
- Douglasville, GA: less expensive homes
- Des Plaines, IL: less expensive homes
- Durham, NC: less expensive homes
- Duluth, GA: less expensive homes
- Daly City, CA: higher priced homes
- Danbury, CT: less expensive homes
- Cypress, TX: less expensive homes
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