Home Values in Baltimore, Maryland — 2026 Market Report
Updated March 2026 | Balanced Market | +4.6% YoY
The median home value in Baltimore, Maryland is $195,000 as of March 2026, which is below the national median of $400,000. Home values in Baltimore have increased by 4.6% over the past year and 25.2% over the last five years. With a population of 585,708 and a median household income of $52,164, the price-to-income ratio stands at 3.7x, making Baltimore affordable for the average household.
Baltimore Housing Market Conditions
| Metric | Baltimore | National Avg |
|---|---|---|
| Median Home Value | $195,000 | $400,000 |
| YoY Appreciation | +4.6% | +3.8% |
| 5-Year Appreciation | +25.2% | +22.4% |
| Price per Sq Ft | $83 | $222 |
| Days on Market | 50 days | 45 days |
| Months of Supply | 4.1 | 3.5 |
| List-to-Sale Ratio | 97.6% | 98.5% |
| Monthly Homes Sold | 384 | — |
| Foreclosure Rate | 0.55% | 0.3% |
Home Value Trends in Baltimore
A homeowner who purchased at the median price of $155,751 five years ago in Baltimore would have gained approximately $39,249 in equity, representing a 25.2% return on investment. Over the past year alone, the typical homeowner gained $8,576 in home equity.
Affordability in Baltimore, MD
With a median household income of $52,164 and a median home price of $195,000, the price-to-income ratio in Baltimore is 3.7x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,482 compared to estimated monthly ownership costs of $1,100 gives a rent-vs-buy ratio of 0.74. In Baltimore, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Baltimore
The effective property tax rate in Maryland is 1.07%. On a home valued at $195,000, the estimated annual property tax bill is $2,087, or approximately $174/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Baltimore is 99.8 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Baltimore, MD?
The median home value in Baltimore, Maryland is $195,000 as of March 2026. Home values have changed +4.6% over the past year, with a 5-year appreciation of 25.2%.
Is Baltimore a buyer's or seller's market?
Baltimore is currently a balanced market with 4.1 months of housing supply. Homes spend an average of 50 days on market, and the list-to-sale price ratio is 97.6%. Supply and demand are relatively balanced.
Are home values going up in Baltimore?
Yes, home values in Baltimore have increased by 4.6% over the past year. The 5-year appreciation rate is 25.2%, meaning a home worth $155,751 five years ago is now worth $195,000.
Is it better to rent or buy in Baltimore?
The average monthly rent in Baltimore is $1,482, while estimated monthly homeownership costs are approximately $1,100. The price-to-rent ratio is 11. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Maryland Cities
Related Resources
Disclaimer: Home value data for Baltimore, Maryland is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.