Real Estate Investing in Baltimore, Maryland (21230)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21230 (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: 12.7% of homes vacant — above national norms.
What’s happening in Baltimore, MD (21230)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21230 Baltimore
The 21230 ZIP in Baltimore, MD is a local-operator market. Outside capital chasing a $276K entry has to pair deep knowledge with the discount.
For an experienced owner, 21230 can be a a strong candidate for hunting ground — but the discount at $276K reflects genuine risk that outside investors often underestimate.
In the broader MD picture, 21230 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 21230 includes headwinds that any investor should price in. Income distribution skews lower than Baltimore averages, and tenant stability requires active management.
Distressed ZIPs reward experience. impressive returns are possible in 21230, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Baltimore:
Property Strategy for 21230
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $205,932 | $1,750 | 6.1% | +2.1% | $205,932 |
| 2BR | $274,509 | $2,150 | 5.6% | +4.0% | $137,254 |
| 3BR | $327,282 | $2,730 | 6.0% | +4.4% | $109,094 |
| 4BR | $452,783 | $3,020 | 4.8% | +3.7% | $113,196 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21230 Compare?
| Metric | 21230 | Baltimore | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $275,567 | $181,225 | N/A | $424,997 |
| 5-Year CAGR | 2.1% | 1.8% | N/A | 4.9% |
| Avg Rent | $2,229 | $1,757 | N/A | - |
| Cap Rate | 6.3% | 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 21230 (Baltimore, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 21230 (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 | $275,567 |
| Monthly Rent | $2,229 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +2.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). 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 21230
Population: 33,509
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 21230
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Commodore John Rodgers Elementary/Middle
Curtis Bay Elementary
Baltimore Leadership School for Young Women
City Springs Elementary/Middle
Arundel Elementary
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 1,753 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Baltimore, MD a good place for real estate investing?
Investors tracking Baltimore, MD will find a 3.0/5 rating supported by $276K median home values and $2,229/mo rents. That profile suits long-term holders targeting steady returns.
What are vacancy rates like in Baltimore, MD?
Occupancy in Baltimore, MD runs reliable with elevated vacancy. Well-priced units at $2,229/mo lease on reasonable timelines.
What is the average monthly rent in Baltimore, MD?
Rents in Baltimore, MD run near $2,229/mo. Compared with median home prices of $276K that produces solid gross yields for typical rentals.
How do experienced investors play Baltimore, MD?
A careful cash-flow rentals with hands-on management strategy Baltimore, MD best. The market produces steady results for that approach at the $276K price point.
What is the tenant pool like in Baltimore, MD?
Tenant demand in Baltimore, MD is solid. The local workforce $2,229/mo rents across most rental classes.
You know 21230 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21230 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 21230 ranks in Baltimore-Columbia-Towson, MD
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