|Specialty||# of Agencies|
|Single House or Condo||10|
|Home Owners Association||15|
|Total Local Companies||27|
The average rent for a 3 bedroom house in Baltimore, MD is $1,599.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Baltimore, MD Rental Market Overview
A substantial seaport along the Atlantic, some renowned pro sports teams, world-famous architecture, numerous historic districts and nearly 3 million residents are just a handful of characteristics of Baltimore, a city where apartment leasing is on the rise.
Known historically as a working-class port city, Baltimore continues to transform into something more, as other industries have made their way to the city, including businesses related to finance, arts and culture, healthcare and manufacturing.
Arguably the nation's top hospital, Johns Hopkins, resides in Baltimore, as well as respected state colleges and universities, such as University of Maryland, Baltimore. Also, the Ravens and Orioles, two top-notch organizations of the National Football League and Major League Baseball, provide city residents with teams to root for.
Tourist attractions exist citywide, too. Residents often check out classy restaurants and nightlife spots in the Fell's Point neighborhood and take trips out to sea per Baltimore Harbor Cruises.
Numerous Property Management Firms to Choose From in Baltimore
With millions of residents living in the metro Charm City area, you can be sure that you'll find a number of property management firms ready to do business with you and ensure your property needs are met.
Many of these companies are willing to work with you at your residences to keep everything related to the rental units in order - from dealing with tenant concerns, to checking backgrounds and conducting interviews with applicants, to cleaning up and maintaining a residence.
You'll soon learn after hiring one of these firms that all of your worries and stresses about maintaining a property and helping with renter needs will vanish.
Baltimore Rental Market at a Glance
|2012 Population||2.8 million||380 million|
|2010 Percentage of renters||42.52%||34.00%|
|2013 (1st Q) Rental vacancy rate||9.20%||8.40%|
|2013 Median house price||$303,000||$185,000|
|2013 Median Family income||$40,100||$51,400|
|2013 Median rent (3 bedroom)||$1,598||$1,350|
The vacancy rate of the Baltimore, Maryland metro area (population: 2,753,149) has declined since its rate of 13.3% in 2010 and is currently 9.2% (first quarter of 2013). The median rent, however, has remained around its current amount of $1,598 over the last three years. The median family income is $40,100 and the median home price is $303,000.