- Baltimore has a population of 2,662,975, with 1,000,405 households
- Washington D. C. has a population of 4,140,208, with 1,537,915 households
- There are 31.7% renters in Baltimore, compared to 68.3% of those who own their homes.
- There are 33.8% renters in Washington D.C., compared to 66.2% of those who own their homes.
- Owner vacancy rates are in Baltimore are 2%, compared to 6.98% nationally
- 34% of all properties in Washington D.C. are rental properties
Baltimore Community Statistics
- The median age is 36 years old
- Owner average household size is 2.71, compared to 2.32 for renters
- Median household income is $65,424, compared to $52,175 for all adult U.S. Residents
- Per capita income is $32,889 locally, compared to $27,466 for all adult U.S. Residents
- 51.5% of all housing in Baltimore is valued at $300,000 or more
Washington D.C. Community Statistics
- The median age is 37.6 years old
- Owner average household size is 2.77, compared to 2.37 for renters
- Median household income is $83,807, compared to $52,175 for all adult U.S. Residents
- Per capita income is $41,170 locally, compared to $27,466 for all adult U.S. Residents
- 78.8% of all housing in Washington D.C. is valued at $300,000 or more
Interesting Facts about the National Real Estate Market
- An estimated 1.5 million properties currently in foreclosure will eventually be rental properties.
- With an 8% ROI, rental properties are attracting huge numbers of first time investors.
- Many locations in the U.S., including Maryland and Washington D.C., have seen rental rates rise in the first quarter of 2014 by 4% or more.
Statistics on Baltimore and Washington D.C. Real Estate Markets
- In 2012, the average monthly rent amount in Maryland was $1,170, compared to $1,548 in Washington, D.C.
- Baltimore has a low renter vacancy rate of only 7.99%, compared to a 7% rate in Washington D.C.
- Baltimore Residents pay on average about 19.75% of their annual household income in rent, whereas Washington D.C. residents pay 30% or more.
- Baltimore, Washington D.C. and other cities in Maryland are prime locations to purchase investment property.
- As of 2013, 33.65% of Baltimore residents were renters, compared to 36.98% of renters in the U.S.
- As of 2013, 36.2% of Washington D.C. residents were renters, compared to 36.98% of renters in the U.S.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.