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Baltimore

Home to the Inner Harbor, this more affordable market offers a small town feel in distinctive neighborhoods along the Chesapeake Bay.

Housing Data

14,600

Jobs Created
1%

$79,433

Median Household Income
2.6%

8,843

Total Housing Permits
25.3%

189

Total Number of Projects
-11.3%

$566,414

SFD New Home List Price
5%

1,008

New Home Sales
8.5%
Monthly

Market Health

Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 14,600 jobs over the past year, up by 1.0%. The median household income in Baltimore is $79,433, 2.6% higher than last year and 29.4% above the national average of $61,372. In the housing market, total permits issued totaled 8,843 over the last twelve months, up 25.3% year-over-year. Baltimore has 189 active new home projects on the market, 11.3% fewer than the 213 from last year. The average list price in the market is $566,414, 5.0% higher than last year and 87.1% above the national average. Over the last three months, new home contracts increased by 8.5% to 1,008. Hanover and Odenton had the highest concentration of the new home contracts in the Baltimore market.

Our Experts

Work with leaders in the industry.

Mollie Carmichael

Principal

Mollie Carmichael

Principal


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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