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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

11,200

Jobs Created
.8%

$79,662

Median Household Income
2.9%

8,160

Total Housing Permits
-4.3%

191

Total Number of Projects
-14.7%

$575,837

SFD New Home List Price
-7.6%

0

New Home Sales
15.1%
Monthly

Market Health

Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 11,200 jobs over the past year, up by 0.8%. The median household income in Baltimore is $79,662, 2.9% higher than last year and 26.1% above the national average of $63,179.
In the housing market, total permits issued totaled 8,160 over the last twelve months, down 4.3% year-over-year. Baltimore has 191 active new home projects on the market, 14.7% fewer than the 224 from last year. The average list price in the market is $575,837, 7.6% lower than last year and 75.3% above the national average. Over the last three months, new home contracts increased by 15.1% to 1,089. Hanover and Baltimore 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


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