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Market Snapshot

Median listing price
$240K

The median listing price in Baltimore, MD ZIP 21230 is $239,900 as of June 2026.

Median rent
$1,957/mo

The median market rent in Baltimore, MD ZIP 21230 is $1,957/month as of June 2026.

Days on market
199 days

The median days on market in Baltimore, MD ZIP 21230 is 199 days as of June 2026. The market is currently neutral.

Gross rental yield
9.79%

At a median list price of $239,900 and a median rent of $1,957/month, the gross rental yield in Baltimore, MD ZIP 21230 is 9.79% as of June 2026.

STR vs LTR
$2,164/mo STR · $1,957/mo LTR

In Baltimore, MD ZIP 21230, median Airbnb revenue is $2,164/month compared to median long-term rent of $1,957/month as of June 2026.

Baltimore, MD 21230 Real Estate Market Report

ZIP Code: 21230

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
202
Active Listings
95
Sold Properties
107

Market Metrics

Median Listing Price
$239,900
Median Sold Price
$226,317
Median Price per Sqft
$215/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,957

Property Taxes

Property Tax Rate
1.81%

Liquidity & Velocity

Median Days on Market
199
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 21230 area are approximately 6.56%, reflecting the prevailing market environment for property owners in this region as of June 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. median sold price 226,317 is the best proxy for recent market value and indicates moderate appreciation consistent with the reported up price year-over-year trend, suggesting realized sale prices are supporting a cautiously stronger valuation.
  2. There is a material gap between median listing price 239,900 and the median sold price, which may indicate seller pricing optimism and pricing friction that contributes to slower sales velocity rather than immediate upward pressure on realized prices.
  3. Long time-to-sale remains a key liquidity signal: median days on market 199 points to slower transaction velocity, which, combined with neutral market temperature, suggests balanced conditions where buyers and sellers need more time to transact.
  4. Affordability and carrying cost headwinds are notable: current 30-year fixed mortgage rates 6.56% alongside elevated interest rate pressure may constrain buyer purchasing power even as rents show resilience with median market rent 1,957 and a reported up rent year-over-year trend.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

409 Warren Ave, Baltimore, MD 21230
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds2 baths2,700 sqft
$980,000
Mar 1, 2026
$363/sqft/sqft
108 days on market
635 E Fort Ave, Baltimore, MD 21230
Premium

Sold above market average

- beds6 baths3,000 sqft
$870,000
May 1, 2026
$290/sqft/sqft
337 days on market
1311 Belt St, Baltimore, MD 21230
Premium

Sold above market average

3 beds3 baths2,200 sqft
$779,000
Mar 1, 2026
$354/sqft/sqft
138 days on market
17 W Fort Ave, Baltimore, MD 21230
Market Benchmark

Sold at market average

3 beds1 baths1,224 sqft
$288,000
Mar 1, 2026
$235/sqft/sqft
198 days on market
14 E Hamburg St, Baltimore, MD 21230
Premium

Sold above market average

3 beds2 baths1,092 sqft
$287,500
Apr 1, 2026
$263/sqft/sqft
97 days on market
664 Washington Blvd, Baltimore, MD 21230
Value

Sold below market average

4 beds1 baths1,984 sqft
$285,000
Apr 1, 2026
$144/sqft/sqft
353 days on market
2523 James St, Baltimore, MD 21230
Value

Sold below market average

- beds2 baths998 sqft
$125,000
Apr 1, 2026
$125/sqft/sqft
864 Carroll St, Baltimore, MD 21230
Value

Sold below market average

2 beds2 baths880 sqft
$89,000
Apr 1, 2026
$101/sqft/sqft
222 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$401/mo
21230 Avg Rent
21230 Cost to Own
Rent$1,957
Own$1,556

20% down, 6.53% rate, 1.8% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

21230 Avg nightly rate
21230 Avg occupancy (days/year)
Nightly rate$193/night
Occupancy148 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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