The median home price of $212,600 in the Baltimore Metro Area is above the U.S. average of $158,700. These prices are strong in the region, but more affordable than most counterparts in the Mid-Atlantic and Northeast. Housing values in Greater Baltimore have dropped in the past 5 years, like most major metros in the US, but the percent decline is on pace with the US average.
Residential Rents in Greater Baltimore are higher than many major US markets, but considering it's location in the Mid-Atlantic and Northeast, rents are more affordable than most areas.
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Median Home Price
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Median Gross Rent
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Among the 25 Largest US Metro Areas
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Among the 5 Major Regional Metros
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1st Quarter, 2011
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2009
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Median
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Median
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Rank
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Metro Area
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Price
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Rank
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Metro Area
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Price
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1
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San Francisco
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$465,900
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1
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Philadelphia
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$912
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2
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New York-No. NJ
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$375,900
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2
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Baltimore
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$1,048
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3
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San Diego
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$374,800
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3
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Boston
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$1,123
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4
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Boston
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$322,100
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4
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New York-No. NJ
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$1,125
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5
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Washington, D.C.
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$294,800
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5
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Washington, D.C.
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$1,303
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6
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Los Angeles
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$292,700
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US Average
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$842
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7
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Seattle
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$287,100
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Source: American Community Survey, 2009
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8
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Denver
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$223,800
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9
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Portland
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$213,400
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10
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Baltimore
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$212,600
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11
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Philadelphia
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$199,100
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12
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Riverside, CA
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$173,400
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US Average
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$158,700
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13
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Chicago
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$155,000
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14
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Miami
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$153,600
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15
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Houston
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$145,500
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16
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Dallas
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$143,100
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17
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Minneapolis
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$140,600
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18
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Phoenix
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$126,700
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19
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Tampa
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$113,600
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20
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Cincinnati
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$112,800
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21
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St. Louis
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$107,400
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|
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22
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Atlanta
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$99,800
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23
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Cleveland
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$87,000
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-
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Detroit
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n/a
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-
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Pittsburgh
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n/a
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Source: National Association of Realtors, May 2011
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Data Preliminary
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