Baltimore Housing market
Mashvisor Home

Discover

Baltimore

Baltimore is a seaport city on the US East Coast, located 40 miles northeast of Washington, D.C. With an estimated population of 612,000 people, Baltimore is the largest city in the state of Maryland. The Baltimore metropolitan area is home to nearly 3 million people, making it the 21st largest metro area in the US. The city’s fairly large population combined with the fact that 54.5% of the residents (according to NeighborhoodScout) live in rental properties is a good indicator for those considering investing in the Baltimore real estate market. This means long-term rental properties can make for a profitable real estate investment in the city.

Baltimore is centrally located among major East Coast cities, with easy access via air, rail, and sea. This makes the city highly attractive to both residents and businesses. The city enjoys a highly diversified economy based on a range of different industries that present further growth opportunities. The education industry is one of the most important contributors to Baltimore’s economy. A total of 12 colleges and universities are located in the city, including the renowned Johns Hopkins University. Baltimore is also a center of medicine and healthcare. Home to two pioneering teaching hospitals, the Johns Hopkins Hospital and the University Hospital at the University of Maryland, the city is regarded as a national headquarters for advanced medical treatment and research. Several federal agencies, including the Federal Social Security Administration, are based in the Baltimore area and are some of the largest employers in the city. The port of Baltimore is the largest port in the Mid-Atlantic and is the closest to major Midwestern markets compared to other major seaports on the East Coast. 

Baltimore is also a hot tourist destination on the East Coast, with much of the tourism centered around the city’s Inner Harbor and the National Aquarium, which are the top tourist attractions in Maryland. Other major industries include manufacturing, retail trade, transportation and warehousing, construction, food processing, finance, and technology. The city’s expanding economy and workforce are good indicators for those considering buying an investment property in the Baltimore housing market.  


The Baltimore real estate market is one of the most affordable in the country. Investment properties are reasonably priced, which is a good factor for investors who do not have access to large sums of money. The Baltimore real estate market was listed among the most important U.S. Markets to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. However, according to the report, there is a shortage in real estate properties in the face of very high demand.

Baltimore Realtors and Real Estate Agents

Select agents


Baltimore  Real Estate Investment Performance
Facts and Market Trends in Baltimore
Homes For Sale
3,184
Airbnb Properties
575
Rental Properties
8,712
Traditional Vacancy rate
10.40%
Airbnb Occupancy Rate
54.25%
Mashmeter
69.65%
Median Price
$253,223
Median Rent Price
$1,486
Price/sqft
$160
Median Days on Market
90
Price to Rent Ratio
13.7
Average Cap Rate
Airbnb
4.87%
Traditional
2.98%
Average Rental Income
Airbnb
$2,198
Traditional
$1,543
 
Median Household Income
$47,131
Population
619,493
Transportation in Baltimore
69 / 100
Somewhat Walkable
57 / 100
Good Transit
52 / 100
Bikeable
Baltimore  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,341$1,438$1,749$1,860$3,222
Traditional$1,264$950$1,161$1,447$1,871
Baltimore, MD - Homes for Sale - Newly Listed
Investment Properties for Sale
$176,000
MLS MDBA483316
2828 MILES AVENUE
Baltimore, MD 21211
Remington
Single Family Residential
2 beds1 baths1,064 sq.ft.
CAP RATE
Trad. 2.80%Airbnb 1.25%
Investment Properties for Sale
$559,900
MLS MDBA483228
5500 GREENSPRING AVENUE
Baltimore, MD 21209
Levindale
Single Family Residential
4 beds3 baths2,960 sq.ft.
CAP RATE
Trad. 1.15%Airbnb -0.65%
Investment Properties for Sale
$249,900
MLS MDBA482360
1726 ALICEANNA STREET #405-NB
Baltimore, MD 21231
Fells Point
Condo/Coop
1 beds2 baths1,002 sq.ft.
CAP RATE
Trad. 0.14%Airbnb 1.07%
Investment Properties for Sale
$314,000
MLS MDBA480958
1320 HULL STREET
Baltimore, MD 21230
Locust Point Industrial Area
Townhouse
2 beds2 baths1,193 sq.ft.
CAP RATE
Trad. 1.27%Airbnb 1.66%
Top Performing Baltimore Properties
Investment Properties for Sale
$180,000
MLS MDBA468986
2112 EASTERN AVENUE
Baltimore, MD 21231
Upper Fells Point
Townhouse
3 beds1 baths1,555 sq.ft.
CAP RATE
Trad. 5.15%Airbnb 7.95%
Investment Properties for Sale
$95,000
MLS MDBA435854
1233 N DECKER AVENUE
Baltimore, MD 21213
Biddle Street
Townhouse
2 beds1 baths1,090 sq.ft.
CAP RATE
Trad. 2.79%Airbnb 7.90%
Investment Properties for Sale
$189,000
MLS MDBA479618
222 N COLLINGTON AVENUE
Baltimore, MD 21231
Patterson Place
Townhouse
3 beds1 baths1,264 sq.ft.
CAP RATE
Trad. 2.98%Airbnb 7.85%
Investment Properties for Sale
$90,000
MLS MDBA482984
2935 ERDMAN AVENUE
Baltimore, MD 21213
Belaire-Edison
Townhouse
3 beds2 baths1,688 sq.ft.
CAP RATE
Trad. 5.58%Airbnb 7.85%
Recently Sold Homes in Baltimore, MD
Investment Properties for Sale
$850,000
MLS MDBA483382
5607 ROLAND AVENUE
Baltimore, MD 21210
The Orchards
Multi Family
0 beds0 baths6,530 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$249,000
MLS MDBA482844
1418 W 37TH ST
Baltimore, MD 21211
Hampden
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$140,000
MLS MDBA481642
2718 E OLIVER STREET
Baltimore, MD 21213
Berea
Multi Family
0 beds0 baths1,430 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$495,000
MLS MDBA482832
831 W 36TH STREET
Baltimore, MD 21211
Wyman Park
Multi Family
0 beds0 baths1,600 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Baltimore Housing Market

The median home value in the Baltimore housing market currently stands at $113,100, according to Zillow. Real estate appreciation in the Baltimore real estate market is tangible as value has risen by 78.97% since Q1 of 2000, which is an average annual home appreciation rate of 3.07%, according to NeighborhoodScout.

Zillow reports that Baltimore property values have declined 2.8% over the past year and are predicted to fall 6.1% within the next year. This can be a good sign for beginner real estate investors who usually have less access to cash and who plan on implementing the buy and hold strategy, as historically, this market is known to appreciate over time.

The Baltimore real estate market is currently a very hot seller’s market as there are way more buyers than available houses to buy.

Baltimore, MD Top Multi Family Homes
Investment Properties for Sale
$134,900
MLS MDBA435842
3413 MILFORD AVENUE
Baltimore, MD 21207
Howard Park
Multi Family
0 beds0 baths1,680 sq.ft.
CAP RATE
Trad. 7.16%Airbnb N/A
Investment Properties for Sale
$89,000
MLS MDBA483252
533 N LUZERNE AVENUE
Baltimore, MD 21205
McElderry Park
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. 7.11%Airbnb N/A
Investment Properties for Sale
$94,900
MLS MDBA101614
1732 MCCULLOH STREET
Baltimore, MD 21217
Madison Park
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. 7.09%Airbnb N/A
Investment Properties for Sale
$84,900
MLS MDBA101616
1507 N HILTON STREET
Baltimore, MD 21216
Rosemont
Multi Family
0 beds0 baths1,860 sq.ft.
CAP RATE
Trad. 6.97%Airbnb N/A
Homes Below Median Price in the Baltimore, MD Real Estate Market
Investment Properties for Sale
$180,000
MLS MDBA468986
2112 EASTERN AVENUE
Baltimore, MD 21231
Upper Fells Point
Townhouse
3 beds1 baths1,555 sq.ft.
CAP RATE
Trad. 5.15%Airbnb 7.95%
Investment Properties for Sale
$95,000
MLS MDBA435854
1233 N DECKER AVENUE
Baltimore, MD 21213
Biddle Street
Townhouse
2 beds1 baths1,090 sq.ft.
CAP RATE
Trad. 2.79%Airbnb 7.90%
Investment Properties for Sale
$189,000
MLS MDBA479618
222 N COLLINGTON AVENUE
Baltimore, MD 21231
Patterson Place
Townhouse
3 beds1 baths1,264 sq.ft.
CAP RATE
Trad. 2.98%Airbnb 7.85%
Investment Properties for Sale
$90,000
MLS MDBA482984
2935 ERDMAN AVENUE
Baltimore, MD 21213
Belaire-Edison
Townhouse
3 beds2 baths1,688 sq.ft.
CAP RATE
Trad. 5.58%Airbnb 7.85%
Baltimore Airbnb Growth and Regulations

The popularity of short-term rentals has surged in Baltimore in recent years. The city had the highest number of Airbnb guests in the state of Maryland in 2018, at 107,700 individuals, earning hosts a total of $14.9 million. This accounted for about 26% of Maryland’s total Airbnb income. 

In December 2018, the city of Baltimore passed a legislation establishing a comprehensive framework to regulate short-term rentals. Airbnb Baltimore hosts can list only their primary residence, meaning that they must be on site during the guests’ visit. Renting out other properties besides a primary home to guests is banned. However, individuals who have been operating a short-term rental prior to December  31, 2018 are allowed to continue to operate one additional short-term rental unit. 

There are a few other Airbnb regulations in the city. Airbnb hosts must obtain a license from the city and renew it bi-annually at a fee of $200. They must also register with the State Comptroller for the collection of state taxes. A 9.5% city hotel tax is also imposed on all Airbnb stays. While the Airbnb platform collects the city lodging taxes on behalf of its operators in some Maryland cities, it does not collect them on Baltimore bookings. This means that Airbnb Baltimore hosts are in charge of registering with tax authorities, collecting taxes from guests, and remitting them to the city and state. 

There are other operational requirements Baltimore requires of short-term rental hosts. Airbnb hosts must comply with city building, fire, and other codes, keep records of all rentals, designate an emergency contact that lives in the area and provide contact information for this person to guests. 

Failure to comply with any of the rules may result in licenses being suspended or revoked, and/or fines up to $500.

Baltimore, MD Top Airbnb Homes
Baltimore Airbnb
$120 per night
Entire home/apt · 1 bed
Charm in Charm City-One Bedroom Apt
397
Baltimore Airbnb
$69 per night
Entire home/apt · 1 bed
Stay in the Center of it All
393
Baltimore Airbnb
$66 per night
Baltimore Airbnb
$112 per night
Entire home/apt · 1 bed
Charming Historic Brick Home 1870's
334
Baltimore, MD Homes for Rent
Investment Properties for Sale
$1,975
MLS MDBC472356
Investment Properties for Sale
$2,800
MLS MDBA484226
1000 FELL ST #634
Baltimore, MD
Fells Point
Apartment
1 beds2 baths0 sq.ft.
Investment Properties for Sale
$1,649
MLS MDBA482400
1609 OLIVE STREET
Baltimore, MD
SBIC
Townhouse
2 beds3 baths1,008 sq.ft.
Investment Properties for Sale
$1,500
MLS MDBC470458
7842 ST BRIDGET LANE
Baltimore, MD
Saint Helena
Townhouse
3 beds1 baths1,234 sq.ft.
Baltimore, MD Open Houses
Investment Properties for Sale
Open 11 AM to 1 PM
$935,000
MLS MDBA480522
109 ENFIELD RD
Baltimore, MD 21212
Homeland
Single Family Residential
3 beds5 baths0 sq.ft.
CAP RATE
Trad. -1.07%Airbnb -1.76%
Investment Properties for Sale
Open 12 PM to 2 PM
$615,000
MLS MDBC472206
625 YARMOUTH ROAD
Baltimore, MD 21286
Lake Walker
Single Family Residential
4 beds4 baths2,092 sq.ft.
CAP RATE
Trad. 0.17%Airbnb 0.78%
Investment Properties for Sale
Open 11 AM to 1 PM
$185,000
MLS MDBC471440
1636 THETFORD ROAD
Baltimore, MD 21286
Idlewood
Townhouse
3 beds2 baths1,350 sq.ft.
CAP RATE
Trad. 3.21%Airbnb 1.87%
Investment Properties for Sale
Open 12:30 PM to 3 PM
$585,000
MLS MDBA482044
833 WILLIAM STREET
Baltimore, MD 21230
Federal Hill
Townhouse
4 beds4 baths3,678 sq.ft.
CAP RATE
Trad. 0.75%Airbnb 1.78%
Best Baltimore Neighborhoods for Buying Investment Property
85%
Mashmeter
property price
$599,000
Median
cap rate
3.96%
Traditional
5.21%
Airbnb
rental income
$1,976
Traditional
$2,599
Airbnb
homes for sale
20
occupancy rate
55%
Airbnb
88%
Mashmeter
property price
$252,000
Median
cap rate
8.62%
Traditional
12.43%
Airbnb
rental income
$1,811
Traditional
$2,611
Airbnb
homes for sale
14
occupancy rate
57%
Airbnb
85%
Mashmeter
property price
$297,450
Median
cap rate
8.71%
Traditional
10.57%
Airbnb
rental income
$2,159
Traditional
$2,620
Airbnb
homes for sale
4
occupancy rate
55%
Airbnb
58%
Mashmeter
property price
$156,000
Median
cap rate
11.36%
Traditional
19.51%
Airbnb
rental income
$1,476
Traditional
$2,536
Airbnb
homes for sale
0
occupancy rate
56%
Airbnb
81%
Mashmeter
property price
$699,000
Median
cap rate
8.11%
Traditional
4.75%
Airbnb
rental income
$4,726
Traditional
$2,769
Airbnb
homes for sale
22
occupancy rate
54%
Airbnb
Related Articles
All Baltimore Neighborhoods