Looking for Qualified Property Management Companies in Baltimore, MD?

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Specialty # of Agencies
Single House or Condo 9
Apartment Buildings 6
Home Owners Association 14
Total Local Companies 22

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

  Baltimore Area US
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.

Top Single Family Managers

706 A East Gude Dr.
Montgomery, Prince Georges, Anne Arundel, Frederick Counties, MD 20850

Managing: Single-Family : Multi-Family :
We make owning property profitable and enjoyable!

9414 Belair Road
Baltimore, MD 21236

Managing: Single-Family : Multi-Family : Association : Commercial
The most comprehensive approach to property management...Contact Us for a Free Property Evaluation

402 East 25th Street Suite 1
Baltimore, MD 21218

Managing: Single-Family : Multi-Family : Association : Commercial
Trusted by 100 of property owners.

Top Multi-Family Managers

100 West Road , Suite 300
Towson, MD 21204

Managing: Single-Family : Multi-Family :
Real Estate Managed.

9414 Belair Road
Baltimore, MD 21236

Managing: Single-Family : Multi-Family : Association : Commercial
The most comprehensive approach to property management...Contact Us for a Free Property Evaluation

2803 Kirtland Ave.
District Heights, MD 20747

Managing: Multi-Family :
The most important asset is our Client!

Top Association Managers

3706 Crondall Lane, Suite 105
Owings Mills, MD 21117

Managing: Association :
We have the experience, the knowledge, and the answers - you'll have a reliable team on your side.

204 Washington Avenue , Suite 102
La Plata, MD 20646

Managing: Association : Commercial
Providing professional, innovative, and experienced management services.

4307 Gallatin Street
Hyattsville, MD 20781

Managing: Association :
Combining real-time, online communication and personalized creative solutions to meet your community's unique challenges

Additional Property Management in Baltimore, MD

309 Swanton Lane
Gaithersburg, MD 20878

Managing: Single-Family :
You can have it all in a Property Manager

9760 Groffs Mill Drive
Owings Mills, MD 21117

Managing: Single-Family :
18 years of experience, locally owned and operated, giving you "peace of mind". Check out our Google+ reviews!

2627 East Monument Street
Baltimore, MD 21205

Managing: Single-Family :
We have a proven track record of creating and enhancing value of your investment.

1358 Windmill Lane
Silver Spring, MD 20905

Managing: Association :
Our competitive advantage is our people, our approach and our solid commitment to extreme customer satisfaction.

6925 Oakland Mills Road , Suite A
Columbia, MD 21045

Managing: Single-Family : Multi-Family :
Full Service, licensed professionals excited to earn your property management business.

1208 East Churchville Rd , Suite 301
Bel Air, MD 21014

Managing: Association :
We listen and focus on the needs of your community.

DC, MD, VA, DE, WV, VA 22033

Managing: Association :
YOUR COMMUNITY DESERVES THE BEST. Become part of a world-class organization dedicated to driving the standard of excellence.

Managing: Association :
Honesty, integrity, reliability, fairness, and results are the cornerstones of Capitol Management Corporation.

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We offer REMOTE and VIRTUAL accounting services to Community Associations.

14435 Cherry Lane Court , Suite 210
Laurel, MD 20707

Managing: Association :
We are dedicated to providing the most professional, reliable, effective, and proactive management services available.


Q2 2015 Rental Ranking Report

Maryland's largest city and economic hub, Baltimore is known for its beautiful harbor, unique neighborhoods, excellent museums, and the world-famous Johns Hopkins Hospital and University of Maryland Medical Center. It's a bit early to tell what impact, if any, Baltimore's recent civic strife will have on its rental market, but unrest often creates opportunities for value-focused investors with ready access to cash and credit to swoop in and purchase solid properties at steep discounts. For example, in the wake the 2014 Ferguson, Missouri riots, housing prices fell by as much as 40 percent. If you can get anywhere near the old rental rates, that's a solid ROI boost.

Q2 2015 Baltimore Rental Market Update

In Q2 2015, Baltimore was the fifth-best rental market in the Northeastern U.S. and 44th-best in the country as a whole. Since Q1 2015, Baltimore jumped three spots in the Rental Ranking Report's regional rankings for the Northeastern U.S. and fifteen spots in the national rankings.

There is nothing glamorous about the Baltimore rental real estate market. Baltimore property values increased just 2.62 percent year-over-year in Q2 2015, an appreciation rate only about half the national average during that time period. Rental prices improved at a slightly faster pace, 3.91 percent, but still increased at a rate significantly less (around 20 percent) than the national average. The Baltimore median age of housing inventory and vacancy rate were also slightly under their respective national averages in Q2 2015.

Regardless of the less than flattering picture these statistics paint, Baltimore can still offer rental property investors solid returns. The capitalization rate for Baltimore rental properties, a metric that compares annual rents with property values that is commonly used by investors to gauge the attractiveness of rental real estate investments, was 6.79 percent during Q2 2015 - roughly level with the national average. This means that despite Baltimore's sluggish rent and property value growth, local landlords collect a moderately large amount in rent for every dollar they spend purchasing rental properties. Baltimore also benefits from fairly high job growth (1.92 percent year-over-year) that, while slightly below the national average, should serve to further increase the demand for housing there.

Q1 2015 Baltimore Rental Market Update

All Property Management found in its Q1 2015 Rental Ranking Report that Baltimore is 59th out of the 75 markets we track. But again, a bold investor with an eye for value should be able to do well in this troubled city.

Baltimore's best selling point for rental property investors is its solid cap rate of 7.15 percent, ranking it 36th in the country for that metric. Rents have been softening in Baltimore, down 1.56 percent in the year ending in Q1 2015. But if you can pick up some discounted property as the city recovers from its trauma, you can help revitalize its housing stock while getting a tidy ROI in the process.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, All Property Management gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Baltimore rental property?

Thinking about renting out a property in Baltimore? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the All Property Management staff get quotes for you.

All Property Management specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.