Baltimore city Real Estate and Livability Trends
Baltimore City, Maryland's real estate market trends suggest an economically evolving environment with a marked increase in average taxable income, up from roughly $46,872.67 in 2013 to about $67,223.93 in 2021. This rise could signal shifts in demographics or economic growth, impacting investors' perceptions. Median home values have grown from $152,400 in 2015 to $202,900 in 2022, making... Read more
Baltimore city Market Trends
Baltimore City, Maryland has experienced a notable increase in median home values, from $152,400 in 2015 to $202,900 in 2022. This growth contrasts with the state of Maryland's higher rise from $286,900 to $380,500 during the same period, making Baltimore potentially appealing for its more affordable, yet appreciating market. Additionally, volatile residential energy tax credits peaked at... Read more
Median Value of Occupied Housing Units in Baltimore city, Maryland Over the Last 8 Years
Baltimore city, Maryland has seen a consistent increase in median home values over the past eight years, from $152,400 in 2015 to $202,900 in 2022. This is in contrast to the state of Maryland, which began at $286,900 in 2015 and surged to $380,500 by 2022, and the national median, which increased from $125,500 to $179,400 over the same period. Investors and potential homeowners might find Baltimore appealing due to its relatively more affordable housing market compared to statewide figures, yet it has demonstrated robust growth that could signify solid investment potential.
Residential Energy Tax Credit Per Tax Return in Baltimore city, MD Over the Last 9 Years
Over the past nine years in Baltimore, Maryland, there's been a notable volatility in the residential energy tax credit per tax return. After a steady increase from $327.64 in 2013 to $707.26 in 2017, the tax credit experienced a significant spike to $1,598.95 in 2018. This peak suggests increased investments in energy-efficient home improvements during that year. However, the following years saw a correction, averaging between $655.12 and $828.04. This trend might imply fluctuating investment strategies or policy changes impacting energy-efficient property upgrades. For investors, homeowners, and real estate stakeholders, understanding these fluctuations is key to navigating future tax-saving opportunities and gauging the potential for similar financial incentives.
Average Real Estate Taxes Per Tax Return in Baltimore city, MD Over the Last 10 Years
Real estate taxes per tax return in Baltimore City, Maryland, have shown a steady increase over the past decade, rising from around $3,644.66 in 2012 to approximately $5,373.30 in 2021. The most notable jumps occurred between 2017 and 2018, and again from 2019 to 2020, indicating potentially significant policy changes or economic factors that could be of interest to investors, real estate agents, and residents. This upward trend suggests growing fiscal pressure, which may impact property valuation and long-term investment strategies in the area.
Percentage of Farm Returns in Baltimore city, MD Over the Last 10 Years
Farm tax returns in Baltimore City, Maryland have generally been low, averaging around 0.03% over the past decade. Notable fluctuations include a slight dip from 0.03% in 2012 to a low of 0.02% by 2019, with minor recoveries peaking back at around 0.02% in 2021. This could hint at limited active farming within the city, suggesting that the area might be less attractive for agriculture-based investments or development. Potential investors might find more lucrative opportunities in urban development or other industries that align with the city's demographic and economic landscape.
Number of Mortgages by Occupancy Type in Baltimore city, MD Over the Last 5 Years in Baltimore city
Over the past five years, Baltimore City, Maryland, has seen a notable fluctuation in mortgage counts across different occupancy types. Principal residences consistently lead in numbers, reflecting stable demand for primary homes. Investment property mortgages showed a significant rise till 2021 but dipped slightly in 2022, hinting at possible market adjustments or investor caution. Second residences hold the lowest figures, yet their steady trend may suggest a niche but stable market. These shifts in occupancy type are critical: they can impact property values, rental yields, and insurance risk assessments. Understanding these trends can guide investment decisions, appraisals, and developments, offering a nuanced view of the local real estate landscape.
Economic Outlook
Average taxable income per tax return in Baltimore City, Maryland, surged from around $46,872.67 in 2013 to roughly $67,223.93 in 2021, potentially signaling economic growth or demographic shifts. State and local income taxes rose from $6,717.98 in 2012 to $12,314.45 by 2021, influencing potential investors and developers by reflecting public spending trends. Total tax liability climbed from approximately $7,810.91 in 2012 to $11,615.14 in 2021, hinting at a maturing economic environment. The... Read more
Average Taxable Income per Tax Return in Baltimore city, MD over the last 9 years
Average taxable income per tax return in Baltimore city, Maryland has shown a notable upward trend over the past nine years, moving from approximately $46,872.67 in 2013 to about $67,223.93 in 2021. The steady increase, with a significant jump observed between 2020 and 2021, could suggest underlying economic improvements or changes in the demographics and earning potential of the residents. For real estate agents, appraisers, and potential investors, this rise might indicate a growing ability to invest in property and an influx of higher-income residents, possibly driving demand and price adjustments. For insurance agents, a higher average taxable income could potentially impact risk assessments and policy structuring.
Average State and Local Income Taxes Per Tax Return in Baltimore city, MD Over the Last 10 Years
Baltimore City's average state and local income taxes per tax return have shown a rising trend over the last decade. From $6,717.98 in 2012, taxes climbed to $12,314.45 by 2021, with notable spikes in 2018 and 2019 reaching $10,525.70 and $11,049.48 respectively. This upwards trajectory in tax burden could be essential for potential investors, new residents, and property developers to consider, as it might reflect increasing public expenditures or shifts in local fiscal policies.
Average Total Tax Liability Per Tax Return in Baltimore city, MD Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Baltimore City, Maryland, has seen a notable uptick. Starting at around $7,810.91 in 2012, the liability has gradually increased, hitting $11,615.14 by 2021 with a couple of dips along the way. This rising trend points to a possibly growing economic landscape, with higher earning potentials and greater financial responsibilities for residents and businesses. For investors, property developers, and real estate agents, this data could flag both opportunities in a dynamic market and a need for strategic financial planning.
Cost of Living in Baltimore city
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,644 | $1,782 | $1,404 | $2,071 | $1,544 |
| 1 adult 4 children | $1,644 | $1,455 | $1,069 | $2,071 | $1,694 |
| 2 adults 3 children | $1,644 | $1,455 | $1,220 | $2,071 | $1,311 |
| 1 adult 3 children | $1,644 | $1,188 | $886 | $2,071 | $1,463 |
| 2 adults 2 children | $1,267 | $1,191 | $1,036 | $1,811 | $1,028 |
| 1 adult 2 children | $1,267 | $890 | $702 | $1,811 | $1,057 |
| 2 adults 1 child | $1,267 | $942 | $853 | $966 | $894 |
| 1 adult 1 child | $1,267 | $608 | $518 | $966 | $776 |
| 2 adults | $1,026 | $756 | $669 | $0 | $675 |
| 1 adult | $886 | $413 | $334 | $0 | $555 |
Safety trends & Data
Baltimore City, Maryland's property crime rates show some interesting fluctuations. Significant declines in burglary, larceny-theft, and motor vehicle theft were seen up to 2021, though 2022 saw a slight increase. Vandalism rates have mostly held steady but with fewer recent instances, while embezzlement and fraud have stayed consistently low. These shifts suggest potential improvements in safety, which could influence property values and investment... Read more
Property Crime Trends in Baltimore city, MD Over the Last 5 Years
Baltimore city, Maryland's property crime rates have demonstrated fluctuating trends over the last five years. While traditionally high numbers in burglary, larceny-theft, and motor vehicle theft significantly declined by 2021, there was a mild uptick in 2022. Notably, vandalism held somewhat steady but with fewer instances in recent years. Activities like embezzlement and fraud remained consistently low throughout the period. These shifts in crime trends provide a nuanced perspective for investors, real estate agents, and residents, indicating potential improvements in safety which might influence property values and investment decisions.
Demographics
Baltimore City, Maryland, shows a slight female population advantage, a trend that could reflect in local economic and social dynamics. Educational stats reveal a clear progression barrier beyond high school, with a notable drop-off at higher education levels. This might signal workforce challenges or opportunities for educational investment. Age distribution data indicates a relatively younger population, especially strong in the 25-34 bracket, hinting at a potentially dynamic workforce but... Read more
Race Distribution in Baltimore city, Maryland (2022)
Educational Attainment in Baltimore city, Maryland (2022)
Age Distribution in Baltimore city, Maryland
Citizen Population in Baltimore city, Maryland (2022)
Political Trends & Data
Baltimore City, Maryland, demonstrated a notable Democratic preference in the 2020 U.S. Presidential Election, with Democrats seemingly securing about 87% of the vote. This contrasts sharply with possible Republican support, which hovered around 11%. Minor parties, including Libertarian and Green, collectively garnered less than 2%, mirroring urban voting trends seen in other major cities. This political leaning may influence local policy and community developments, potentially affecting the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Baltimore City, Maryland, the 2020 U.S. Presidential Election results suggest a significant leaning towards the Democratic Party, with Democrats potentially securing around 87% of the vote. This dominance starkly contrasts with the Republican support, which may have been around 11%. Third-party candidates, like those from the Libertarian and Green parties, along with other minor parties, collectively accounted for a small fraction, barely reaching 2%. These figures might indicate a strong Democratic hold in the county, reflecting broader urban voting patterns observed in other major cities.
10.69% of voters voted for the Republican party in the 2020 Presidential Election
87.28% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.56% of voters voted for the Green party in the 2020 Presidential Election
0.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Baltimore City, Maryland has gradually declined from around 17 to just over 15 in the past decade, possibly indicating efforts to improve educational outcomes through smaller class sizes. For investors, this trend could suggest a strengthening education system, potentially making the area more appealing to families. Even though the ratio remains higher than the national average of 14, the improvement could signal future growth and increased demand for family... Read more
Student-to-teacher ratio in Baltimore City, Maryland over the last 10 years
Over the past decade, the student-to-teacher ratio in Baltimore City, Maryland has shown a gradual decline from around 17 students per teacher to just over 15. This trend potentially indicates a focus on reducing class sizes, which could improve educational outcomes and personalized instruction. For investors, this could signify a strengthening education system, making the area more attractive for families. Lower ratios compared to the national average of 14 students per teacher might still need improvement but show a promising trajectory. Appraisers, insurance agents, developers, and real estate agents might see potential for growth and increased demand for family housing in this evolving educational landscape.
