Baltimore Trend Is Started Average Sale Price Exceeds $300,000

Jul 10

Baltimore Real Estate: Booming Market with Rising Prices!

Exciting news! The latest statistics show Baltimore's real estate market is on the rise.

The average house price in Baltimore surpassed $300,000 for the first time ever in June 2024. This is a significant jump from just $133,000 in January 2015. Think Baltimore is still a budget-friendly market? Think again! Even townhouses are approaching the $500,000 mark.

Strong Growth Potential

Baltimore's market is catching up to and surpassing national averages. Don't miss out on this generational opportunity!

Location is Key

While some areas offer charming aesthetics, location plays a more significant role in Baltimore's rental market compared to other cities.

Hidden Gems Exist

Beyond appearances, many Baltimore properties offer excellent returns due to their strategic placement and proximity to strong local industries.

Forget $200,000

There was a investor visited me 2 weeks ago. He was aiming for ready-to-rent properties under $200,000.

But unfortunately, finding good, ready-to-rent properties under $200,000 in Baltimore is difficult unless you plan to renovate (flipping).

While some Baltimore properties may lack curb appeal, these can be hidden gems generating significant cash flow. Focus on location and potential return on investment, not just aesthetics.

Here are 3 things to remember for Baltimore real estate investment:

Don't Judge a Book by Its Cover

Attractive properties cost more but might not offer a higher return than less attractive ones. Consider properties with good numbers, not just fancy aesthetics.

Prepare a Budget Around $400,000

While Baltimore's townhouse prices are rising, they're still affordable compared to other major cities. Ensure your budget covers a regular townhouse.

Condos for Tighter Budgets

Due to both domestic and international rental demand, condos can be a good option if your budget is limited. There are a lot of foreign money that is ready to pay monthly rent to you!

Let me be your Baltimore Real Estate Guide!

I'm Nathan Jeon, a Baltimore realtor with EXP Realty. I offer in-depth market knowledge to guide you towards wise investment decisions, not just show properties.

Ready to invest in Baltimore's booming market? Contact me today!

Nathan Jeon