Fell's Point

Baltimore, MD

Neighborhood Market Analysis

Q3 2025 Report
$340,000 (June 2025)
Median Home Price
92 (Walker's Paradise)
Walkability Score
Public schools are average to below average; some magnet and private options are highly rated.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Aliceanna St (north), Caroline St (west), Thames St (south, waterfront), and Wolfe St (east). Includes historic waterfront and adjacent blocks.

Zip Codes

21231

Market Data Summary

Price Range$269,900 (1BR) to $2,400,000+ (luxury waterfront, 4BR+)
Price per Sq Ft$293 (June 2025); $312 (May 2025)
Inventory LevelsStable; not oversupplied, but not highly competitive. Inventory has remained consistent since April 2025.

Property Characteristics

Home Types & Architecture

Home Types

Historic rowhomesTownhousesLoft condosLuxury waterfront condosMixed-use buildings

Architectural Styles

FederalVictorianIndustrial loft conversionsModern infill

Property Details

Typical Lot SizesCompact urban lots; many homes are attached or semi-detached, with limited private outdoor space.
Home Age RangeEarly 1800s to new construction (2020s)
Construction QualityGenerally high, especially in renovated historic homes and new luxury condos. Some older properties may require updates.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, established residents, and some families. Attracts both renters and homeowners.

Community Vibe

Historic, vibrant, and walkable. Strong sense of place with cobblestone streets, waterfront views, and active nightlife.

Typical Residents

  • Young professionals
  • Empty nesters
  • Urban retirees
  • Investors
  • Some families

Family Friendly

Moderately family-friendly; more popular with singles, couples, and empty nesters due to nightlife and urban density.

Amenities & Lifestyle

Parks & Recreation

  • Thames Street Park
  • Waterfront Promenade
  • Pierce's Park

Dining Options

  • Seafood restaurants
  • Gastropubs
  • International cuisine
  • Historic taverns

Shopping Centers

  • Broadway Market
  • Local boutiques on Thames St and Broadway

Local Businesses

  • Boutique shops
  • Coffee houses
  • Fitness studios
  • Art galleries

Education & Schools

Public schools are average to below average; some magnet and private options are highly rated.
Overall School Rating

Elementary Schools

  • Commodore John Rodgers Elementary/Middle

Middle Schools

  • Commodore John Rodgers Elementary/Middle

High Schools

  • Baltimore City College (magnet)
  • Patterson High School

Private Schools

  • The GreenMount School
  • St. Ignatius Loyola Academy

Transportation & Accessibility

Transit & Roads

Public Transit

  • Charm City Circulator (free bus)
  • MTA bus routes
  • Water Taxi

Major Roads

  • Eastern Ave
  • Fleet St
  • Pratt St

Commute & Walkability

Commute Times10-15 minutes to downtown Baltimore; 25-35 minutes to Johns Hopkins Hospital and University; 20-30 minutes to BWI Airport.
WalkabilityExcellent; daily errands do not require a car.
ParkingChallenging; street parking is limited, some homes/condos offer private or garage parking.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Empty nesters
  • Investors
  • Remote workers
  • Urban lifestyle seekers

Key Selling Points

  • Historic architecture
  • Waterfront access
  • Vibrant dining/nightlife
  • Walkability
  • Strong rental market

Pricing Considerations

Price competitively for condition and location; renovated homes and those with parking command premiums.

Common Objections & Response Strategies

Objection: Parking is difficult.

Response Strategy:

Highlight properties with deeded or garage parking; discuss nearby paid lots and resident permit options.

Objection: Noise from nightlife and events.

Response Strategy:

Show homes on quieter side streets or with soundproofing; emphasize vibrant community and event schedule.

Objection: Older homes may require maintenance.

Response Strategy:

Point to recent renovations, home warranties, and the value of historic character.

Objection: Public schools are average.

Response Strategy:

Discuss magnet/private school options and proximity to top-rated schools in adjacent neighborhoods.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; prices have stabilized after a recent dip. Long-term value supported by historic character and waterfront location.

Rental Demand

High, driven by young professionals and proximity to downtown/employment centers.

Buyer Competition

Moderate; not as intense as peak pandemic years, but desirable homes (renovated, waterfront) still attract multiple offers.

Best For

  • Investors seeking strong rental yields
  • Buyers wanting walkable urban lifestyle
  • Second-home buyers
  • Empty nesters

Potential Concerns

  • Parking limitations
  • Noise/nightlife
  • Older homes may need updates
  • Average public schools

Professional Recommendations

1

Emphasize historic and waterfront features in marketing.

2

Educate buyers on parking, noise, and school options early in the process.

3

Leverage virtual tours and social media to reach remote buyers.

4

Network with local businesses and community groups to stay informed on neighborhood developments.

5

Highlight value-add opportunities in older homes for investors.

Competitive Analysis

Comparable Markets

  • Canton
  • Harbor East
  • Federal Hill

Market Positioning

Premium historic waterfront neighborhood with urban lifestyle appeal.

Competitive Advantages

  • Historic charm
  • Waterfront location
  • Superior walkability
  • Vibrant nightlife

Price Comparison

Slightly more affordable than Harbor East, pricier than most of Canton and Federal Hill for comparable homes.

Investment Metrics

4.5% - 5.5% (typical for renovated rowhomes/condos)
Cap Rates
5% - 6% gross annual yield on long-term rentals
Rental Yields
15-18 (favorable for investors)
Price-to-Rent
Positive cash flow possible with 20%+ down payment, especially on multi-unit or short-term rental properties.
Cash Flow
Stable to moderate growth (2-4% annually) through 2026, barring major economic shifts.
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by walkability and urban amenities; may need education on historic home maintenance and parking solutions.

Move-Up Buyers

Seek larger or waterfront homes; value modern renovations and private parking.

Downsizers

Drawn to condos/lofts with low maintenance and elevator access; appreciate proximity to dining and culture.

Investors

Focus on rental yields and short-term rental potential; target renovated properties for turnkey income.

Relocators

Appreciate vibrant lifestyle, proximity to downtown, and unique neighborhood character.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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