Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$181,356−3.9% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$39,314About 0.6× the local median income ($63,451): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.6%Zillow expects prices to rise slightly
The typical home in Baltimore City, MD is worth $181,356, down 3.9% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $195,069, so the area is 7.0% undervalued. It is a buyer's market: homes take about 64 days to sell, listings are up 18% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 0.6% over the next year. A household needs about $39,314 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,451. Typical rent is $1,764 a month, or $2,280 for a house. In the latest IRS figures, 3,435 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$181,356
Change in 1 year
−3.9%
Overvalued %
−7.0%
Show 7 more
Fair home value
$195,069
Change in 5 years
+6.3%
Zillow forecast, next 12 months
+0.6%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$983
Income needed to afford it
$39,314
Property tax rate
1.46%
Rent and investing
Typical rent
$1,764
Typical rent for houses
$2,280
Price-to-rent ratio
8.6×
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HUD Fair Market Rent, 2 bedrooms
$2,006
Gross rental yield
11.67%
Cap rate (estimate)
7.59%
Market activity
Listings vs a year ago
+18.2%
Days on market
64
Listings with a price cut
20.2%
Show 3 more
Homes for sale
2,854
Pending sales per 100 listings
26
Asking price per sq ft
$152
People and jobs
Median household income
$63,451
Population change (1 year)
−0.0%
Unemployment rate
6.5%
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Population
569,997
Income adjusted for cost of living
$60,719
Net moves in (IRS)
−3,435
Cost of living (US = 100)
104.5
Schools, risk and environment
School rating (1 to 10)
2.7
FEMA hazard risk score (0 to 100)
95.0
Unhealthy air days a year
2
Show 4 more
Flood risk score
94.3
Wildfire risk score
24.0
Walkability (1 to 20)
14.2
Road, rail and air noise
52 dB
Questions people ask
Is Baltimore City, MD overvalued?
Home prices in Baltimore City, MD are slightly below what local incomes have historically supported: fair value is about $195,069, so the area is 7.0% undervalued.
Is Baltimore City, MD a buyer's or seller's market?
Baltimore City, MD is a buyer's market: homes take about 64 days to sell, listings are up 18% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Baltimore City, MD?
Home values in Baltimore City, MD are down 3.9% over the last year. Zillow's forecast for the next 12 months is +0.6%.
How much do you need to earn to buy a home in Baltimore City, MD?
A household needs about $39,314 a year to afford the typical home in Baltimore City, MD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,451.