Affordable
Expensive
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These days, finding an affordable place to live in the Federal Hill-Montgomery area can be challenging. Home prices in Federal Hill-Montgomery are now at a median cost of $475,226, higher than the Baltimore average of $408,559.
The average cost of rent is $1,785/mo in Federal Hill-Montgomery, primarily driven by the current value of real estate in the Federal Hill-Montgomery area. In Federal Hill-Montgomery, 64.32% of households rent, and 37.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Federal Hill-Montgomery is $8,531 per month. Households that rent pay about 20.92% of their income on rent here. Federal Hill-Montgomery’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Riverside, Baltimore, MD: less expensive homes
- Downtown, Baltimore, MD: less expensive homes
- Jonestown, Baltimore, MD: less expensive homes
- Washington Village, Baltimore, MD: less expensive homes
- Mount Vernon, Baltimore, MD: less expensive homes
- Locust Point, Baltimore, MD: equally priced homes
- Fells Point, Baltimore, MD: less expensive homes
- Oldtown, Baltimore, MD: less expensive homes
- Mid-Town Belvedere, Baltimore, MD: less expensive homes
- Hopkins-Middle East, Baltimore, MD: less expensive homes
Neighborhoods with Similar Populations
- Greenfield, Pittsburgh, PA: less expensive homes
- Sunrise, San Antonio, TX: less expensive homes
- Tarico Heights, Inwood, WV: less expensive homes
- Inglewood-Riverwood, Nashville, TN: equally priced homes
- Idlewild South, Charlotte, NC: less expensive homes
- Harry Floyd Terrace, Vallejo, CA: higher priced homes
- Hamilton Main Street Historic District, Hamilton, OH: less expensive homes
- Gross Point, Wilmette, IL: higher priced homes
- Greenwood, Newport News, VA: less expensive homes
- Standish, Minneapolis, MN: less expensive homes
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