1031 Exchange Baltimore, Maryland

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Baltimore due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Baltimore, Maryland is a part of the Baltimore-Columbia-Towson, MD metropolitan area, and contains 40 zip codes, including: 21278, 21210, 21279, 21218, 21273, and 21235.

Baltimore Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Baltimore, MD metropolitan area was $1,266, which is 14.47% lower than 2014 average rent. This represents a compounded annual growth rate of 2.74%. 2019 vacancy in Baltimore, MD was 3.90%.

The total population of the city of Baltimore, MD has decreased 2.97% since 2010. As of 2018, the population was 602,495. The median household income of the Baltimore was $48,840, which is 19.00% lower than the national average.

  • metropolitan area Baltimore-Columbia-Towson, MD
  • avg rent $1,266
  • rent growth 14.47%
  • vacancy 3.90%
  • median income $48,840
  • population (2018) 602,495
  • population growth -2.97%
  • vs. nat'l avg 19.00%
  • zip codes 21201 21202 21203 21205 21206 21209 21210 21211 21212 21213 21214 21215 21216 21217 21218 21223 21224 21229 21230 21231 21233 21235 21239 21240 21241 21250 21251 21263 21264 21270 21273 21275 21278 21279 21281 21287 21289 21290 21297 21298

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