Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 24,000 jobs over the past year, up by 1.7%. The median household income in Baltimore is $78,661, 1.6% higher than last year and 24.5% above the national average of $63,179.
In the housing market, total permits issued totaled 7,979 over the last twelve months, down 6.3% year-over-year. Baltimore has 187 active new home projects on the market, 19.7% fewer than the 233 from last year. The average list price in the market is $606,507, 4.0% higher than last year and 102.6% above the national average. Over the last three months, new home contracts increased by 3.2% to 998. Baltimore and Hanover had the highest concentration of the new home contracts in the Baltimore market.