Real Estate Investing in Baltimore, Maryland (21213)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21213 (Baltimore, MD)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.9% of homes vacant — above national norms.
- Elevated poverty: 23.0% poverty rate — can affect rent collection.
What’s happening in Baltimore, MD (21213)?
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Market Analysis: 21213 Baltimore
Homes in the 21213 ZIP trade near $118K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,709/mo support the pro forma.
In 21213, the deal is made on the buy and on the capex. notable entry prices of $118K leave room in the budget for light-to-medium renovation, with rent lift to match.
Relative to MD, 21213 reads as a working-capital ZIP — prices below average, renter share elevated at 45%, and room for operator-led upside.
A renter-heavy, wage-earner demographic anchors 21213. Value-add players rely on that mix — the 45% share is both the tenant source and the buyer pool for future owner-occupied exits.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Baltimore:
Property Strategy for 21213
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $122,699 | $1,770 | 10.4% | +9.0% | $61,350 |
| 3BR | $134,855 | $2,280 | 12.2% | +8.2% | $44,952 |
| 4BR | $181,861 | $2,550 | 10.1% | +5.7% | $45,465 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21213 Compare?
| Metric | 21213 | Baltimore | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $117,994 | $181,225 | N/A | $424,997 |
| 5-Year CAGR | 2.5% | 1.8% | N/A | 4.9% |
| Avg Rent | $1,709 | $1,757 | N/A | - |
| Cap Rate | 11.3% | 7.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21213 (Baltimore, MD). Anonymous, moderated, never written by AI.
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Property managers serving Baltimore City County
Manage rentals here? List your business →Real Property Management Reliable Solutions is a property management company serving Baltimore, MD. summary from their website
RPR Property Management, LLC provides property management services for rental properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $117,994 |
| Monthly Rent | $1,709 |
| Price-to-Rent | 5.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.4% |
| Cap Rate | 11.3% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 Rent Trends
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.6% ▲ |
The estimated cap rate (11.3%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 21213
Population: 27,881
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 21213
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,405 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Baltimore, MD?
Baltimore, MD rentals go for roughly $1,709/mo a month. That puts gross yield in solid territory relative to $118K acquisition costs.
Is Baltimore, MD better for rentals, flips, or BRRRR?
Investors who focus on value-add and BRRRR deals typically do well in Baltimore, MD. The numbers - $118K homes against $1,709/mo rents - support that play.
What kind of market is Baltimore, MD for investors?
Baltimore, MD rates 5.0/5 for investability. With median values at $118K and rents near $1,709/mo, the market offers reasonable fundamentals for rental investors.
Does Baltimore, MD meet the 1% rule for rental property?
Hitting the 1% rule in Baltimore, MD is realistic given the 1.45% average rent-to-price. Most value-add properties push well above that line.
Does buy-rehab-rent-refinance work in Baltimore, MD?
Baltimore, MD is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $1,709/mo produces solid refinance appraisals against $118K values.
You know 21213 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21213 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 21213 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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