Baltimore, MD housing market
The typical Baltimore home is worth about $187,000, down 3.4% in a year, 56% below the Maryland typical home. Homes typically sell in 45 days, close to asking.
Home values, sales, trends and how Baltimore compares with the towns next door — updated as new data is published.
Baltimore at a glance
A balanced market
About 4.6 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Baltimore | Maryland |
|---|---|---|
| 2017 | $119,000 | $290,000 |
| 2018 | $125,000 | $301,000 |
| 2019 | $136,000 | $310,000 |
| 2020 | $147,000 | $322,000 |
| 2021 | $159,000 | $349,000 |
| 2022 | $178,000 | $384,000 |
| 2023 | $184,000 | $398,000 |
| 2024 | $190,000 | $412,000 |
| 2025 | $194,000 | $427,000 |
| 2026 | $191,000 | $429,000 |
| August 2026 | $187,000 | $428,000 |
543 new homes permitted in 2025
Builders were permitted 543 new homes in Baltimore in 2025: 254 single-family houses and 289 in buildings with two or more homes, worth about $125 million to build. That's 0.9 per 1,000 residents, slower than across Maryland (2.4). Over the past 10 years, Baltimore has permitted 11,932 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Baltimore's population fell by 35,253 even though 8,897 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Maryland: 2.5 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 701 | 197 | 504 | $147.8 million |
| 2025 | 543 | 254 | 289 | $125 million |
| 2024 | 1,273 | 165 | 1,108 | $297.3 million |
| 2023 | 1,843 | 92 | 1,751 | $273.8 million |
| 2022 | 1,657 | 118 | 1,539 | $219.7 million |
| 2021 | 1,557 | 191 | 1,366 | $314.8 million |
| 2020 | 1,621 | 101 | 1,520 | $286.4 million |
| 2019 | 510 | 130 | 380 | $77.3 million |
| 2018 | 1,547 | 99 | 1,448 | $235 million |
| 2017 | 438 | 169 | 269 | $70.3 million |
| 2016 | 943 | 267 | 676 | $184.7 million |
| 2015 | 1,293 | 219 | 1,074 | $206 million |
| 2014 | 821 | 241 | 580 | $94.2 million |
| 2013 | 1,257 | 220 | 1,037 | $128.6 million |
| 2012 | 730 | 164 | 566 | $76.5 million |
| 2011 | 989 | 75 | 914 | $85.7 million |
| 2010 | 369 | 118 | 251 | $45.5 million |
| 2009 | 341 | 137 | 204 | $39.5 million |
| 2008 | 1,080 | 153 | 927 | $95.7 million |
| 2007 | 319 | 204 | 115 | $41.7 million |
| 2006 | 649 | 332 | 317 | $84.6 million |
| 2005 | 1,256 | 643 | 613 | $155.9 million |
| 2004 | 740 | 433 | 307 | $84.1 million |
| 2003 | 695 | 206 | 489 | $51.4 million |
| 2002 | 293 | 181 | 112 | $26.9 million |
| 2001 | 195 | 115 | 80 | $15.2 million |
| 2000 | 257 | 219 | 38 | $21.2 million |
How Baltimore ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Baltimore and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Baltimore | $187K | −3.4% | $1,860 | 543 | $62,177 |
| Rosedale | $316K | +0.7% | $1,770 | — | $85,711 |
| Pikesville | $431K | +1.5% | $2,060 | — | $98,465 |
| Dundalk | $222K | −1.5% | $1,840 | — | $64,520 |
| Towson | $474K | +2.6% | $2,020 | — | $101,320 |
| Woodlawn | $375K | −2% | $1,800 | — | $82,466 |
| Brooklyn Park | $303K | −1.1% | $1,770 | — | $87,989 |
3 years of income
The typical Baltimore home costs about 3 years of the town's median household income, less than across Maryland (4.1 years).
How Baltimore ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,860
HUD's Fair Market Rent for a two-bedroom in Baltimore is $1,860 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Baltimore pay a median of $1,331, so moving in tends to cost more than staying put. A two-bedroom takes about 36% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,350 · 4 bedrooms $2,660
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (21205, 21206, 21207, 21209, 21210, 21211 and 14 more; Baltimore-Columbia-Towson, MD MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Baltimore
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.