Baltimore, MD variant. This is a Baltimore, MD-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
Affording a home in Baltimore pits the $55,054 median income against a $195,000 median price - a price-to-income ratio of 3.5x.
Can you afford Baltimore?
The 28% rule caps housing at $1,285/month on the local median income, supporting roughly $254,046 in price - versus the $195,000 Baltimore median.
Baltimore is relatively attainable on the local median income.
About Baltimore, MD
Baltimore residents pay a local income tax on top of Maryland state income tax.
Baltimore's home prices are comparatively affordable for a major East Coast city.
Baltimore's economy is built around its port, healthcare, and education sectors, with a cost of living slightly above the national average.
Worked example: max price on $55,054
28% of $55,054 ÷ 12 ≈ $1,285/month supports about $254,046 at 6.5% with 20% down - compared with the $195,000 median.
Quick reference
- Median home value: $195,000
- Median rent: $1,550/mo
- Median household income: $55,054
- Local sales tax: 6%
- City income tax: 3.2%
- Effective property tax rate: 1.45%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
What income do I need to buy in Baltimore?
To afford the $195,000 median home, you'd typically need well above the $55,054 local median income at current rates.
What is the price-to-income ratio in Baltimore?
About 3.5x (median home ÷ median income).