There are currently 326,669 real estate properties in Baltimore, MD, with a median automated valuation model (AVM) price of $260,400.00. 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 $296,780.00, with the most expensive house in Baltimore, MD, topping out at $71,517,100.00 and the cheapest home in Baltimore, MD, clocking in at $10,000.00. In other words, there’s something for every potential homebuyer or savvy investor 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 $1,600.00. 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 $1,500.00. 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Baltimore, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Baltimore, MD and much more. Save thousands at closing with home foreclosure listings in Baltimore, MD — up to 75% off market value!
Baltimore is located in Baltimore, Maryland, with an estimated municipal population of 593,490 residents. All of the best foreclosed homes for sale in Baltimore are located in the following zip code areas on Foreclosure.com: 21218 21211 21210 21213 21212 21215 21214 21217 21216 21231 21230 21239 21251 21209 21202 21206 21207 21205 21226 21201 21223 21224 21225 21229 21203 21233 21263 21264 21270 21273 21275 21278 21279 21281 21287 21290 21297 21298. The estimated population per square kilometer (.62 miles) in Baltimore is 2,830.
So, about how much do homes cost in Baltimore? The most recent median value of resident-owned homes in Baltimore is 159,116. An estimated 47.5 percent of households in Baltimore own their homes, with an average family size of 3.42. The median household income in Baltimore is 50,379, with23.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Baltimore, the median commute time of resident workers (in minutes) is 31.4. And last, but certainly not least, are you looking for homes to rent in Baltimore? If so, the average rent price paid by renters in Baltimore is 1,073, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Baltimore, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Baltimore is 35.4, split between 47 percent male versus 53 female. The percentage of residents who report being married in Baltimore is 26.7, with an average family size of 3.42.
The percentage of residents who report their race in Baltimore is as follows:
|Black / African American||62.4%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Baltimore? Or maybe you are searching for 55+ active adult communities in and/or near Baltimore?
The percentage of residents who report their age in Baltimore is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Baltimore with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Baltimore.
How do you know that living in -- or moving to -- Baltimore is right where you need to be? Perhaps you grew up in Baltimore or already live nearby; therefore, the decision to buy a home in Baltimore is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Baltimore for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Baltimore:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Baltimore.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Baltimore can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Baltimore, meanwhile, can field multiple offers from more qualified buyers.
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