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Rent vs Buy in Baltimore, MD

Pre-filled with 2026 median data for Baltimore. Adjust any number to match your situation.

Median Home Price

$285,000

Median Rent/Month

$1,650

Property Tax Rate

1.32%/yr

Avg Appreciation

2.8%/yr

Adjust Your Numbers

$285,000
20% ($57,000)
$1,650
7.0%
7 years

Is It Worth Buying a Home in Baltimore, MD?

The decision to rent or buy in Baltimore, Maryland depends on how long you plan to stay, your down payment, and current mortgage rates. With a median home price of $285,000 and median monthly rent of $1,650, the math plays out differently depending on your personal situation.

Baltimore has an average property tax rate of 1.32% annually, which adds approximately $314/month to the cost of homeownership on a median-priced home.

Historically, home values in Baltimore have appreciated at roughly 2.8% per year, which works in favor of buyers who plan to stay long-term. Use the calculator above to find your personal break-even point.

Key Factors for Baltimore Buyers

  • Down payment of 20% on a median home = $57,000
  • Monthly mortgage (30yr at 6.99%) ≈ $1,515/mo
  • Property tax ≈ $314/mo
  • Estimated maintenance ≈ $238/mo