Baltimore housing market
Typical home value
$397K
▲ 0.4% 1 yr
Typical rent
$1,937/mo
▲ 2.7% 1 yr
12-month forecast
+0.6%
#428 of 546 metros
Gross rent yield
5.9%
#285 of 546 · U.S. 6.3%
Days to pending
35 days
▲ +3 days 1 yr
Listings with a price cut
30%
▲ +1.3 pts 1 yr
Key takeaways
- 1The typical home is worth $396,959, up 0.4% in a year and up 15% over five years.
- 2Zillow forecasts home values rising 0.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,937/mo (+2.7% YoY), a 5.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,181/mo in principal and interest, $244 more than renting.
- 5Homes go under contract in 35 days (+3 days vs last year); 30% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 41/100, #259 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Baltimore compares
| Measure | Baltimore | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.4% | +1.2% | #411 |
| Home value, 5-yr change | +15.3% | +19.7% | |
| 12-month forecast | +0.6% | +1.1% | #428 |
| Rent, 1-yr change | +2.7% | +2.7% | #337 |
| Gross rent yield | 5.9% | 6.3% | #285 |
| Price-to-rent ratio | 17.1 | 15.8 | |
| Mortgage P&I on typical home | $2,181 | $2,012 | |
| Income needed to buy | $111,140 | $100,902 | |
| Days to pending | 35 | 56 |
Cities in the Baltimore metro
34 cities with home value and rent data.
| Baltimore | $185K | ▼ 3.7% | $1,762 | ▲ 3.5% | 11.4% |
| Columbia | $502K | ▲ 0.5% | $2,278 | ▲ 3.7% | 5.4% |
| Annapolis | $622K | ▲ 2.4% | $2,344 | ▲ 3.7% | 4.5% |
| Glen Burnie | $391K | ▲ 0.1% | $1,729 | ▲ 2.4% | 5.3% |
| Ellicott City | $726K | ▲ 1.0% | $2,596 | ▲ 3.2% | 4.3% |
| Bel Air | $457K | ▲ 0.9% | $2,085 | ▲ 3.9% | 5.5% |
| Dundalk | $218K | ▼ 1.8% | $1,460 | ▲ 2.2% | 8.0% |
| Towson | $471K | ▲ 2.6% | $1,871 | ▲ 1.7% | 4.8% |
| Pasadena | $451K | ▲ 0.2% | $2,543 | ▲ 5.2% | 6.8% |
| Westminster | $460K | ▲ 1.0% | $1,705 | ▲ 2.3% | 4.4% |
| Owings Mills | $397K | ▲ 0.1% | $1,904 | ▲ 2.8% | 5.8% |
| Catonsville | $418K | ▲ 1.2% | $1,741 | ▲ 2.2% | 5.0% |
| Windsor Mill | $321K | ■ 0.0% | $1,515 | ▲ 1.1% | 5.7% |
| Essex | $289K | ▲ 0.1% | $1,685 | ▲ 2.6% | 7.0% |
| Middle River | $332K | ▲ 0.3% | $1,708 | ▼ 0.8% | 6.2% |
| Nottingham | $337K | ▲ 0.1% | $1,771 | ▲ 0.9% | 6.3% |
| Odenton | $468K | ▼ 0.3% | $2,481 | ▲ 4.5% | 6.4% |
| Elkridge | $478K | ▼ 0.8% | $2,379 | ▲ 5.0% | 6.0% |
| Reisterstown | $411K | ▲ 0.8% | $1,473 | ▲ 3.6% | 4.3% |
| Halethorpe | $306K | ▲ 0.5% | $1,487 | ▼ 0.4% | 5.8% |
| Severn | $511K | ▲ 1.3% | $2,236 | ▼ 0.8% | 5.2% |
| Abingdon | $369K | ▼ 0.3% | $1,893 | ■ 0.0% | 6.2% |
| Randallstown | $368K | ▲ 0.3% | $1,483 | ▲ 0.5% | 4.8% |
| Parkville | $279K | ▼ 1.7% | $1,675 | ▲ 7.0% | 7.2% |
| Lochearn | $312K | ▲ 1.1% | $1,470 | ▲ 5.8% | 5.7% |
| Aberdeen | $343K | ▲ 0.1% | $1,918 | ▲ 3.5% | 6.7% |
| Crofton | $486K | ▲ 0.1% | $2,439 | ▲ 1.3% | 6.0% |
| Cockeysville | $473K | ▲ 1.3% | $1,884 | ▲ 1.4% | 4.8% |
| Carney | $342K | ▲ 0.4% | $1,497 | ▲ 1.5% | 5.3% |
| Edgewood | $262K | ▼ 0.3% | $1,750 | ▲ 5.0% | 8.0% |
| Hanover | $530K | ▲ 0.1% | $2,669 | ▲ 1.9% | 6.0% |
| Gambrills | $610K | ▲ 1.1% | $2,801 | ▲ 1.7% | 5.5% |
| Rossville | $292K | ▼ 1.4% | $1,778 | ▲ 4.2% | 7.3% |
| Garrison | $319K | ▼ 1.1% | $1,987 | ▼ 0.7% | 7.5% |
Run the numbers
Rental property calculator
Cash flow on a typical Baltimore rental ($397K, $1,937/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Baltimore home.
Rent vs buy
Is it cheaper to rent or buy in Baltimore?
Other Maryland metros
Hagerstown, MD
$323K home$1,614 rent6.0% yield
▲ 2.3% 1 yr
California, MD
$431K home$2,029 rent5.6% yield
▲ 2.7% 1 yr
Cumberland, MD
$168K home$994 rent7.1% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.