Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market lost 3,500 jobs over the past year, down by 0.2%. The median household income in Baltimore is $81,527, 1.3% higher than last year and 29.0% above the national average of $63,179.
In the housing market, total permits issued totaled 8,111 over the last twelve months, down -8.0% year-over-year. Baltimore has 186 active new home projects on the market, 9.3% fewer than the 205 from last year. The average list price in the market is $601,593, 7.7% higher than last year and 87.2% above the national average. Over the last three months, new home contracts decreased by 14.5% to 1,031. Hanover and Odenton had the highest concentration of the new home contracts in the Baltimore market.