Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 7,000 jobs over the past year, up by 0.5%. The median household income in Baltimore is $79,617, 2.9% higher than last year and 29.7% above the national average of $61,372.
In the housing market, total permits issued totaled 9,282 over the last twelve months, up 22.9% year-over-year. Baltimore has 196 active new home projects on the market, 11.7% fewer than the 222 from last year. The average list price in the market is $542,056, 5.5% lower than last year and 74.6% above the national average. Over the last three months, new home contracts increased by 20.5% to 1,201. Hanover and Odenton had the highest concentration of the new home contracts in the Baltimore market.