Rental numbers for Baltimore city, MD
The typical home here cash-flows about $52 a month at 7.78% with 25% down. 6 of 19 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 9.8%.
- Gross yield
- 11.8%
- typical home, Zillow
- Median ZIP yield
- 9.8%
- 19 ZIPs with full data
- Cash flow
- +$52/mo
- at 7.78%, 25% down
- Typical price
- $183,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,801/mo
- Zillow ZORI, Aug 2026
ZIP codes in Baltimore city
19 with published figures
| 21223Baltimore | $69,000 | $1,608 | 27.9% | 19.4% | +$749 | +3.4% |
| 21205Baltimore | $107,000 | $1,852 | 20.9% | 14.1% | +$675 | +4.4% |
| 21217Baltimore | $95,000 | $1,583 | 20.1% | 13.7% | +$568 | +4.3% |
| 21213Baltimore | $116,000 | $1,715 | 17.7% | 11.5% | +$485 | +5.3% |
| 21216Baltimore | $114,000 | $1,616 | 17.0% | 10.7% | +$403 | +4.4% |
| 21202Baltimore | $185,000 | $1,773 | 11.5% | 6.5% | +$8 | +4.5% |
| 21224Baltimore | $235,000 | $2,182 | 11.1% | 6.6% | +$19 | +4.7% |
| 21229Baltimore | $173,000 | $1,566 | 10.9% | 6.1% | -$53 | -0.9% |
| 21230Baltimore | $268,000 | $2,220 | 9.9% | 5.4% | -$236 | +3.0% |
| 21215Baltimore | $160,000 | $1,321 | 9.9% | 5.0% | -$189 | +4.4% |
| 21231Baltimore | $290,000 | $2,324 | 9.6% | 5.1% | -$329 | +4.6% |
| 21218Baltimore | $185,000 | $1,441 | 9.4% | 4.7% | -$269 | +1.6% |
| 21211Baltimore | $281,000 | $2,086 | 8.9% | 4.6% | -$433 | +3.8% |
| 21206Baltimore | $221,000 | $1,563 | 8.5% | 4.2% | -$424 | +4.8% |
| 21201Baltimore | $213,000 | $1,500 | 8.5% | 4.0% | -$447 | +1.2% |
| 21239Baltimore | $214,000 | $1,472 | 8.2% | 3.8% | -$482 | +6.7% |
| 21214Baltimore | $257,000 | $1,497 | 7.0% | 2.9% | -$756 | n/a |
| 21212Baltimore | $339,000 | $1,825 | 6.5% | 2.9% | -$1,011 | +2.6% |
| 21210Baltimore | $487,000 | $1,895 | 4.7% | 1.2% | -$2,122 | +1.3% |
Trends
Five years to August 2026
- Price, 12 months
- -3.5%
- Rent, 12 months
- +3.6%
- Rent minus price growth
- +7.2 pts
- Property tax
- 1.46%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $171,950 | $1,476 |
| Aug 2022 | $183,490 | $1,580 |
| Aug 2023 | $182,944 | $1,628 |
| Aug 2024 | $188,359 | $1,679 |
| Aug 2025 | $190,051 | $1,738 |
| Aug 2026 | $183,320 | $1,801 |
HUD Fair Market Rent
FY2027, Baltimore-Columbia-Towson, MD MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,523 | $1,625 | $2,006 | $2,509 | $2,789 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 3.0
- 773 units, last 12 months
- National percentile
- 35th
- among US counties
Tools
Test a listing in Baltimore city against today's rate.
Open the calculatorPart of the Baltimore, MD metro.
Questions
- Is Baltimore city good for rental property?
- The typical home here cash-flows about $52 a month at 7.78% with 25% down. 6 of 19 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 9.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Baltimore city?
- About 1.46% of value, from Census ACS median taxes paid over median home value. On a $183,000 home that is about $2,678 a year.
- What is Fair Market Rent in Baltimore city?
- HUD's FY2027 Fair Market Rent here is $1,625 for a 1-bedroom, $2,006 for a 2-bedroom and $2,509 for a 3-bedroom. Typical cash flow at today's rate is +$52 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.