Baltimore, MD home values, income, and owner costs

Start with the dated local finding: In Baltimore, MD, the 2024 ACS reports a median owner-occupied home value of $229,600, median household income of $62,177, and median selected monthly owner costs of $1,789 for owners with a mortgage. Together, those three reference points may still help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,789 measure combines recurring ownership expenses rather than real estate taxes alone. For borrower planning, a useful affordability review starts with $229,600, $62,177, and $1,789, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Baltimore, MD's $229,600 median home-value estimate is below the statewide $419,900 estimate, with a reported city-to-state gap of 45.3%. That 45.3% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Baltimore, MD. It does not mean every local property is 45.3% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. For borrower planning, a borrower can apply $229,600 and $419,900 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.