The Most Affordable Neighborhoods in Patterson Park, Baltimore, MD by Home Value

 

Patterson Park, Baltimore, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Patterson Park area can be challenging. Home prices in Patterson Park are now at a median cost of $174,311, lower than the Baltimore average of $356,735.

The average cost of rent is $1,486/mo in Patterson Park, primarily driven by the current value of real estate in the Patterson Park area. While nearly 29.86% of residents own their homes outright in Patterson Park, 51.13% rent.

Housing affordability isn’t just about home prices, though. The average household income in Patterson Park is $5,335 per month. Households that rent pay about 27.86% of their income on rent here. Patterson Park's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the neighborhood.


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