Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 25,500 jobs over the past year, up by 1.8%. The median household income in Baltimore is $81,450, 1.2% higher than last year and 28.9% above the national average of $63,179.
In the housing market, total permits issued totaled 7,703 over the last twelve months, down -16.1% year-over-year. Baltimore has 187 active new home projects on the market, 13.8% fewer than the 217 from last year. The average list price in the market is $591,131, 1.2% lower than last year and 69.8% above the national average. Over the last three months, new home contracts decreased by 8.4% to 817. Hanover and Odenton had the highest concentration of the new home contracts in the Baltimore market.