Baltimore City, Maryland home prices
Typical home $181,356 · -3.9% in a year · property tax 1.46%
The typical home in Baltimore City is worth $181,356, 57% less than the Maryland typical home ($424,890). Values changed -3.9% in the past year and +6.3% over five years. Homeowners here pay a median 1.46% of their home's value in property tax each year ($2,649 on the typical home), versus 0.98% statewide.
Mortgage on the typical Baltimore City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,271 | $145,085 | $976 | $0 | $311 | $1,287 | $55,200 |
| 10% down | $18,136 | $163,220 | $1,098 | $68 | $311 | $1,477 | $63,300 |
| 5% down | $9,068 | $172,288 | $1,159 | $72 | $311 | $1,542 | $66,100 |
| 3.5% down (FHA) | $6,347 | $178,071 | $1,198 | $80 | $311 | $1,590 | $68,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.46% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Maryland · part of the Baltimore metro area.
Maryland counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Somerset County | $202,653 | +2.8% | 0.92% |
| Allegany County | $155,795 | +3.1% | 1.06% |
| Dorchester County | $268,747 | +0.9% | 0.94% |
| Wicomico County | $271,722 | +1.2% | 0.85% |
| Caroline County | $326,167 | +0.7% | 0.9% |
| Washington County | $327,924 | +0.5% | 0.84% |
| Garrett County | $334,905 | +2.0% | 0.78% |
| Baltimore County | $358,090 | +0.4% | 1.07% |
| Cecil County | $383,362 | +1.4% | 0.89% |
| Kent County | $383,742 | +2.6% | 0.91% |
Frequently asked questions
What is the average home price in Baltimore City, MD?
The typical home value in Baltimore City is $181,356 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Baltimore City?
About $55,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Baltimore City?
The median effective rate is 1.46% of home value a year (Census ACS 2024 5-year estimates).