Real Estate Investing in Baltimore, Maryland (21224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21224 (Baltimore, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.3% of homes vacant — above national norms.
What’s happening in Baltimore, MD (21224)?
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Market Analysis: 21224 Baltimore
Not every below-median market is a bargain. Baltimore's 21224 ZIP registers signals that favor experienced operators who can absorb the risk $241K pricing implies.
Rent of $2,214/mo on a $241K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 21224 sits below the stated 0.0% once reality is priced in.
Within MD, ZIP 21224 trails on several market indicators that neighboring Baltimore City submarkets outperform. The gap is real and healthy enough to shape underwriting.
The demographic picture in 21224 includes headwinds that any investor should price in. Income distribution skews lower than Baltimore averages, and tenant stability requires active management.
Strategically, 21224 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Baltimore:
Property Strategy for 21224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $202,312 | $1,750 | 6.2% | +4.6% | $202,312 |
| 2BR | $245,958 | $2,150 | 6.3% | +5.2% | $122,979 |
| 3BR | $292,864 | $2,730 | 6.7% | +4.5% | $97,621 |
| 4BR | $398,921 | $3,020 | 5.5% | +4.9% | $99,730 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21224 Compare?
| Metric | 21224 | Baltimore | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $240,962 | $181,225 | N/A | $424,997 |
| 5-Year CAGR | 2.7% | 1.8% | N/A | 4.9% |
| Avg Rent | $2,214 | $1,757 | N/A | - |
| Cap Rate | 7.2% | 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 21224 (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 | $240,962 |
| Monthly Rent | $2,214 |
| Price-to-Rent | 9.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.0% |
| Cap Rate | 7.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +3.2% ▲ |
🏠 Rent Trends
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.2%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 21224
Population: 46,949
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 21224
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 1,680 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Baltimore, MD?
Baltimore, MD median home values land near $241K. That is reasonable territory for investors looking at $2,214/mo-per-month rentals.
Are there empty rentals in Baltimore, MD?
Baltimore, MD vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Baltimore, MD suited for a house hack?
The house hack math a challenging in Baltimore, MD. Owner-occupant buyers benefit from the $2,214/mo rents and $241K home values.
Is Baltimore, MD landlord-friendly?
Baltimore, MD falls under MD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How does Baltimore, MD stack up for property investment?
Investors tracking Baltimore, MD will find a 3.0/5 rating supported by $241K median home values and $2,214/mo rents. That profile suits long-term holders targeting reliable returns.
You know 21224 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21224 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 21224 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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