What is the median home value in Baltimore County, MD?

The median home value in Baltimore County, MD is $330,000, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Baltimore County, MD?

The cap rate proxy in Baltimore County, MD is 5.7% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is moderate — deal-by-deal analysis recommended.

How much new construction is happening in Baltimore County, MD?

Baltimore County has 849,586 residents and issued 1,635 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Baltimore-Columbia-Towson, MD · Maryland

Baltimore County

849,586 residents1,635 permits TTM$90,904 median HHI44 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$330,000

ACS 5-Year

Cap rate proxy

5.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.7%

HUD FMR ÷ ACS HHI

Net migration

+2.22%

IRS SOI

Permits (TTM)

1,635

Census BPS

Climate risk

94.0

FEMA NRI (0–100)

ZIP code breakdown44 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
21207	—	—	—	6.1%	21.9%
21244	—	—	—	5.8%	16.4%
21023	—	—	—	5.7%	15.7%
21031	—	—	—	5.7%	15.7%
21105	—	—	—	5.7%	15.7%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	9.1%	7.7%
—	—	—	7.4%	2.7%
—	—	—	6.8%	6.1%
—	—	—	6.6%	-10.9%
—	—	—	6.6%	10.8%
—	—	—	6.6%	6.6%
—	—	—	6.3%	5.2%
—	—	—	6.0%	10.3%
—	—	—	5.7%	15.7%
—	—	—	5.7%	15.7%
—	—	—	5.7%	15.7%
—	—	—	5.7%	15.7%
—	—	—	5.7%	15.7%
—	—	—	5.7%	15.7%
—	—	—	5.7%	15.7%
—	—	—	5.7%	15.7%
—	—	—	5.6%	3.2%
—	—	—	5.2%	-17.0%
—	—	—	5.1%	7.5%
—	—	—	4.9%	6.9%
—	—	—	4.9%	15.7%
—	—	—	4.8%	-1.0%
—	—	—	4.8%	21.6%
—	—	—	4.7%	5.3%
—	—	—	4.5%	11.0%
—	—	—	4.4%	19.8%
—	—	—	3.9%	-5.9%
—	—	—	3.6%	15.7%
—	—	—	3.6%	15.7%
—	—	—	3.5%	15.7%
—	—	—	3.4%	15.7%
—	—	—	3.3%	15.7%
—	—	—	3.2%	15.7%
—	—	—	2.9%	15.7%
—	—	—	2.9%	15.7%
—	—	—	2.9%	15.7%
—	—	—	2.8%	15.7%
—	—	—	2.6%	15.7%
—	—	—	2.5%	15.7%

Demographics

Owner-occupied

66.3%

Census ACS

Vacancy rate

5.8%

Census ACS

Bachelor's degree +

41.4%

Census ACS

Rent burdened

49.5%

Census ACS (>30% income)

Median age

39.5

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Baltimore County

See all 44 ZIPs ranked by yield and cap rate