5 Things to Know When Buying a Home in Baltimore

Baltimore, Maryland is a great city and one of the largest cities in the state. There are plenty of housing options and activities to do. 

If you are thinking about moving to Baltimore and buying a home, there are a few things that you need to know – just like moving to any city, there are quirks and interesting things to learn about. 

1. The Cost 

The Baltimore housing market typically falls below the national average, meaning that housing is affordable for many people. 

  • The median price of homes is $250,000 in Baltimore 
  • The national average is at $315,000 
  • The median price however, doesn’t reflect the various different housing prices in different areas of the city. 
  • Homes can go for up to $1,000,000 on the outer edges of the city. 

Like buying a home anywhere, it is a good idea to look into the housing market and see what your budget can get you. That way, you can look at homes only within your price range and know what to expect from showings. 

2. Transportation

Since Baltimore is such a large city, there is plenty of public transportation around the city. 

However, if you work farther across the city or outside of it, you’ll want to look at homes that have parking around them for your car. 

Walkability is another thing to take into consideration, as there are tons of areas around Baltimore that you can get to from your home. 

3. Neighborhoods

It is super important to know the neighborhood that you are moving into fits with your personality, lifestyle and needs. Do research to find out if there is higher crime in one area vs. another, if there are better schools in one are or not, etc. 

Baltimore is a unique city, because it is hard to tell what kinds of people live where. The demographic isn’t distinguishable by the types of home (single family, rowhouse or condos) or by the location of the neighborhood within the city. 

It is very important to go to the area where you want to purchase a home and talk to neighbors and surrounding places to determine if your lifestyle will mesh with those of the people around you. 

4. The Block System

Similar to the randomness of the neighborhoods in Baltimore, the blocks can change quickly in the city. 

While the block your home is on may be safe, turning the block may take you into an unsafe part of town, and it can even depend on the time of day for it to be unsafe. 

Take caution when looking at homes and spend a lot of time at the property before making a decision. 

  • Spend time during the day, night and early morning 
  • Different times of the day can bring different crowds, and can change the demographic of people
  • Talk to neighbors and store owners nearby to get a feel for the safety of the area
  • Look at online neighborhood forums to gain even more insight into the neighborhood

5. Buying Assistance

One of the coolest things about the Baltimore housing market is that a lot of companies are part of a program called “Live Near Your Work”

Essentially, this program was created as an incentive for employees to live near their place of work, which is an effort towards less negative environmental effects from commuting by car. 

“Live Near Your Work” offers buyers grants that they can use to purchase a home that is closer in location to the home than one that they might buy otherwise.