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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

18,300

Jobs Created
1.3%

$79,288

Median Household Income
2.4%

8,531

Total Housing Permits
40.6%

199

Total Number of Projects
-11.2%

$570,857

SFD New Home List Price
5.3%

815

New Home Sales
-15.7%
Monthly

Market Health

Baltimore's population is 2.8M, with a total workforce of 1.4M. The labor market grew by 18,300 jobs over the past year, up by 1.3%. The median household income in Baltimore is $79,288, 2.4% higher than last year and 29.2% above the national average of $61,372. In the housing market, total permits issued totaled 8,531 over the last twelve months, up 40.6% year-over-year. Baltimore has 199 active new home projects on the market, 11.2% fewer than the 224 from last year. The average list price in the market is $570,857, 5.3% higher than last year and 84.3% above the national average. Over the last three months, new home contracts decreased by 15.7% to 815. Hanover and Ellicott City 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


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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