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Market MapMarylandBaltimore City

Baltimore City

MarylandPopulation: 584,548
70
/100
Buy
#146 of 1,000 counties
#3 in Maryland (24 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated July 20, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$189,179
Median Home Price
17% below national median
$1,801/mo
Median Rent
24% above national median
11.43%
Rent-to-Price Ratio
Top 1% nationally
+$179
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,801/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$141,885+$427/mo9.9%+15.7%
Median
typical MLS deal
$189,179+$179/mo7.4%+4.9%
125% of median
newer / premium
$236,474-$68/mo5.9%-1.5%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$189,179
Down Payment (20%)$37,836
Loan Amount$151,343
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,801
Monthly P&I-$992
Est. Expenses (35%)-$630
Net Cash Flow+$179/mo
7.4%
Cap Rate (all cash)
4.9%
Cash-on-Cash Return
11.43%
Rent-to-Price Ratio

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
70/100
70
Cash Flow(30%)
100/100

Based on 11.43% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
38/100

Based on -2.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
89/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (11.43%)
  • +Positive cash flow potential (+$179/mo)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Declining home values (-2.4% YoY)

Economic Indicators

Population
584,548
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Best for
  • +Cash-flow buyers: the deal pencils at typical financing
  • +First-time investors looking for lower-risk markets
Skip if
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
AlleganyMD
75$148,598$9437.62%Strong BuyView
CurrentBaltimore CityMD
70$189,179$1,80111.43%Buy
WicomicoMD
65$268,903$1,6717.46%BuyView
CalvertMD
65$471,515$2,5326.44%BuyView
SomersetMD
64$200,242Est. pending—BuyView
DorchesterMD
63$275,575Est. pending—BuyView

The Bottom Line

BuyBaltimore City offers solid investment potential with positive cash flow at typical financing.

Baltimore City in Maryland scores 70/100, ranking #146 of 1,000 US counties (top 19%). At 20% down and current rates, a median-priced rental clears about $179/month in cash flow, backed by a 11.43% gross rent-to-price ratio.

Monthly Cash Flow
+$179/mo
Cap Rate
7.4%
Cash-on-Cash
4.9%

Related markets

Markets like Baltimore City with stronger cash flow

  • Allegany County for cash-flow rentals
  • Wicomico County for cash-flow rentals
  • Calvert County for cash-flow rentals

Cheaper alternatives to Baltimore City

  • Allegany County, lower entry price

Head-to-head comparisons

  • Baltimore City vs Wicomico for rentals
  • Baltimore City vs Calvert for rentals
  • Baltimore City vs Allegany for rentals
All counties in Maryland →

Rent vs buy in Maryland cities

Rent vs buy in Baltimore, MDMedian $182,779 · rent $1,737/moAll Maryland citiesFull rent-vs-buy directory for the state

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