Living in Baltimore, MD
Baltimore, MD, known for its famous Inner Harbor and rich cultural scene, offers a blend of historic neighborhoods and modern amenities. With excellent educational institutions and a vibrant arts scene, residents enjoy a dynamic urban lifestyle. Outdoor activities can be found throughout the city, providing a perfect balance of work and play.
Current Market Conditions in Baltimore, MD
The Baltimore real estate market has seen inconsistent shifts, with certain neighborhoods experiencing rapid appreciation while others remain stable. The demand for affordable housing continues to be high, while luxury markets see sporadic growth. Overall, the market is characterized by a steady influx of new residents attracted to job opportunities, particularly in healthcare, education, and technology sectors.
There's a significant interest in redeveloping older neighborhoods, which is leading to new construction projects and increased property values. Investors are particularly interested in areas with proximity to major universities and healthcare facilities, suggesting a trend towards revitalization and urban renewal.
Home Value Estimator For Baltimore, MD
There are currently 381,744 real estate properties
in Baltimore, MD,
with a median automated valuation model (AVM) price
of $254,690.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Baltimore, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Baltimore, MD,
is $337,245.00, with the most expensive house
in Baltimore, MD, topping out
at $209,085,408.00 and the cheapest home
in Baltimore, MD,
clocking in at $5,611.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Baltimore, MD!
Rent Prices
In Baltimore, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Baltimore, MD, is on
a rollercoaster ride. The
average rent price in Baltimore, MD,
is $1,564.00. Indeed, when looking to rent in
Baltimore, MD, you can expect to pay as little
as $620.00 or as much
as $4,440.00,
with the average rent median estimated to
be $1,470.00. The good news is that finding
an affordable and desirable property to rent in Baltimore, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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