If you are still in the process of choosing in the real estate market to invest in this year? If your criteria includes renting property in an affordable market with high potential for possible ROI, then checking out Baltimore, Maryland. Take a look at the top positive trends going on right now in Baltimore’s real estate market in 2020. So, let’s get started.
Neighborhoods for Real Estate Investing
Nicknamed the “City of Neighborhoods,” the Baltimore real estate market is home to hundreds of different districts, providing plenty of options for investors. So, where should you begin your search for Baltimore houses for sale? We used our Real Estate Heatmap and property data to run an analysis on the different neighborhoods across the city. Our analysis has revealed that the following are the 10 best neighborhoods in the Baltimore MD real estate market 2020:
#1 Coldspring
- Median Property Price: $129,900
- Average Price per Square Foot: $66
- Traditional Rental Income: $1,860
- Traditional Cash on Cash Return: 6%
- Airbnb Rental Income: $2,982
- Airbnb Cash on Cash Return: 10%
- Average Airbnb Daily Rate: $137
- Airbnb Occupancy Rate: 52%
#2 Four by Four Baltimore real estate market
- Median Property Price: $128,800
- Average Price per Square Foot: $106
- Traditional Rental Income: $1,640
- Traditional Cash on Cash Return: 6%
- Airbnb Rental Income: $2,504
- Airbnb Cash on Cash Return: 9%
- Average Airbnb Daily Rate: $92
- Airbnb Occupancy Rate: 59%
#3 Parkview – Woodbrook
- Median Property Price: $125,250
- Average Price per Square Foot: $70
- Traditional Rental Income: $1,299
- Traditional Cash on Cash Return: 6%
- Airbnb Rental Income: $1,581
- Airbnb Cash on Cash Return: 9%
- Average Airbnb Daily Rate: $127
- Airbnb Occupancy Rate: 48%
#4 Easterwood
- Median Property Price: $82,350
- Average Price per Square Foot: NA
- Traditional Rental Income: $1,270
- Traditional Cash on Cash Return: 8%
- Airbnb Rental Income: $1,476
- Airbnb Cash on Cash Return: 8%
- Average Airbnb Daily Rate: $107
- Airbnb Occupancy Rate: 49%
#5 Radnor-Winston Baltimore real estate market
- Median Property Price: $165,000
- Average Price per Square Foot: $172
- Traditional Rental Income: $1,640
- Traditional Cash on Cash Return: 4%
- Airbnb Rental Income: $2,780
- Airbnb Cash on Cash Return: 7.6%
- Average Airbnb Daily Rate: $100
- Airbnb Occupancy Rate: 54%
#6 Towanda-Grantley
- Median Property Price: $149,900
- Average Price per Square Foot: $70
- Traditional Rental Income: $1,900
- Traditional Cash on Cash Return: 8%
- Airbnb Rental Income: $1,695
- Airbnb Cash on Cash Return: 7%
- Average Airbnb Daily Rate: $93
- Airbnb Occupancy Rate: 42%
#7 Coldstream Homestead Montebello
- Median Property Price: $86,337
- Average Price per Square Foot: $60
- Traditional Rental Income: $1,052
- Traditional Cash on Cash Return: 5%
- Airbnb Rental Income: $1,629
- Airbnb Cash on Cash Return: 7%
- Average Airbnb Daily Rate: $83
- Airbnb Occupancy Rate: 40%
#8 Lucille Park Baltimore real estate market
- Median Property Price: $153,000
- Average Price per Square Foot: $123
- Traditional Rental Income: $1,640
- Traditional Cash on Cash Return: 5%
- Airbnb Rental Income: $2,271
- Airbnb Cash on Cash Return: 6%
- Average Airbnb Daily Rate: $84
- Airbnb Occupancy Rate: 57%
#9 Lower Herring Run Park
- Median Property Price: $145,000
- Average Price per Square Foot: $144
- Traditional Rental Income: $1,455
- Traditional Cash on Cash Return: 5%
- Airbnb Rental Income: $2,216
- Airbnb Cash on Cash Return: 6%
- Average Airbnb Daily Rate: $90
- Airbnb Occupancy Rate: 68%
#10 Poppleton
- Median Property Price: $147,225
- Average Price per Square Foot: NA
- Traditional Rental Income: $1,770
- Traditional Cash on Cash Return: 7%
- Airbnb Rental Income: $1,965
- Airbnb Cash on Cash Return: 6%
- Average Airbnb Daily Rate: $95
- Airbnb Occupancy Rate: 55%
To start searching for and analyzing Baltimore investment properties in your neighborhood of choice, click here.
