Real Estate Investing in Baltimore, Maryland (21229)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21229 (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: 12.1% of homes vacant — above national norms.
What’s happening in Baltimore, MD (21229)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21229 Baltimore
Investors eyeing 21229 need to respect the fundamentals at play. Home values of $176K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 21229 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From a cash-flow lens, 21229 offers a low basis, the region around Baltimore has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From an investor standpoint, 44,687 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 21229 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Baltimore:
Property Strategy for 21229
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,044 | $1,770 | 8.2% | +7.9% | $78,022 |
| 3BR | $192,192 | $2,280 | 8.5% | +6.0% | $64,064 |
| 4BR | $219,288 | $2,550 | 8.4% | +5.2% | $54,822 |
| 5BR | $316,192 | — | — | +5.8% | $63,238 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21229 Compare?
| Metric | 21229 | Baltimore | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $176,336 | $181,225 | N/A | $424,997 |
| 5-Year CAGR | 2.6% | 1.8% | N/A | 4.9% |
| Avg Rent | $1,634 | $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 21229 (Baltimore, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 21229 (Baltimore, MD)?
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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 | $176,336 |
| Monthly Rent | $1,634 |
| Price-to-Rent | 9.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.1% |
| Cap Rate | 7.2% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
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 21229
Population: 44,687
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 21229
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Empowerment Academy
James McHenry Elementary/Middle
Edgewood Elementary
Billie Holiday Elementary
Coppin Academy
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 5,872 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Baltimore, MD?
Expect rents around $1,634/mo per month in Baltimore, MD. With home values at $176K, the yield math works out to reasonable levels for rental investors.
Can owner-occupants cash flow in Baltimore, MD?
Baltimore, MD is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $176K price point reasonable to enter.
What is the average home sale price in Baltimore, MD?
Expect median prices around $176K in Baltimore, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
What is the best play in Baltimore, MD?
For Baltimore, MD, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of tenants rent in Baltimore, MD?
Tenant quality in Baltimore, MD ranks as solid. Landlords generally report measured occupancy at market rents of $1,634/mo.
You know 21229 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21229 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 21229 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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