Affordable
Expensive
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These days, finding an affordable place to live in the Downtown area can be challenging. Home prices in Downtown are now at a median cost of $277,734, lower than the Baltimore average of $408,559.
The average cost of rent is $1,666/mo in Downtown, primarily driven by the current value of real estate in the Downtown area. In Downtown, 93.73% of households rent, and 79.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown is $4,794 per month. Households that rent pay about 34.75% of their income on rent here. Downtown’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Mount Vernon, Baltimore, MD: equally priced homes
- Federal Hill-Montgomery, Baltimore, MD: higher priced homes
- Oldtown, Baltimore, MD: equally priced homes
- Mid-Town Belvedere, Baltimore, MD: equally priced homes
- Jonestown, Baltimore, MD: higher priced homes
- Washington Village, Baltimore, MD: less expensive homes
- West Baltimore, Baltimore, MD: less expensive homes
- Reservoir Hill-Bolton Hill, Baltimore, MD: higher priced homes
- Riverside, Baltimore, MD: higher priced homes
- Hopkins-Middle East, Baltimore, MD: less expensive homes
Neighborhoods with Similar Populations
- Bel Air, Los Angeles, CA: higher priced homes
- West Newton, Newton, MA: higher priced homes
- Central Berkeley, Berkeley, CA: higher priced homes
- Shiloh, York, PA: equally priced homes
- Lyon Street, Santa Ana, CA: higher priced homes
- Milwood, Kalamazoo, MI: less expensive homes
- Northgate, San Rafael, CA: higher priced homes
- Oceanfront, Miami Beach, FL: higher priced homes
- Old Town, Alexandria, VA: higher priced homes
- Ortega Hills, Jacksonville, FL: less expensive homes
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