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Zip Code 21224

Baltimore, MD • Baltimore City County

Real Estate Market Analysis

Q3 2025 Report
$240,000 (Baltimore citywide, June 2024); local average home value in Baltimore: $190,745 (June 2025)
Median Home Value
~55,000 (estimated for 21224)
Population
$62,000 (estimated for 21224)
Median Income
Below state average (2–4/10 on GreatSchools for most local schools)
School District Rating

Market Statistics

Property Values

$240,000 (Baltimore citywide, June 2024); local average home value in Baltimore: $190,745 (June 2025)
Median Home Value
$1,500–$1,800 (estimated for 21224, based on comparable Baltimore neighborhoods)
Median Rent
$170–$210 (estimated for 21224, based on recent sales)
Price per Sq Ft

Market Performance

Home Appreciation+4.3% year-over-year (citywide, June 2024); +0.1% (Baltimore average, June 2025)
Market VelocityAverage days on market: 36 (citywide); 288 homes for sale in June 2025, up 64.6% from May 2025 in 21224
Foreclosure RateModerate, consistent with Baltimore city averages (estimated 1–2% of listings)

Area Information

Area SizeUrban, includes neighborhoods like Canton, Highlandtown, Greektown
CountyBaltimore City
Primary CityBaltimore

Housing Profile

Housing Statistics

Total Housing Units~16,000 (estimated for 21224)
Owner Occupied~45% (estimated)
Rental Properties~55% (estimated)
Vacant Units~10% (estimated, slightly above national average)
New ConstructionActive infill and townhouse/rowhome redevelopment, especially in Canton and Brewers Hill

Housing Types

RowhomesTownhousesLow-rise apartmentsSingle-family detached (limited)

Demographics

~55,000 (estimated for 21224)
Population
34
Median Age
$62,000 (estimated for 21224)
Median Income
~94% (unemployment ~6%, city average)
Employment Rate
High school diploma: 85%; Bachelor's or higher: 32%
Education Levels
Mix of young professionals, families, and long-term residents
Family Composition

Education Quality

School District Performance

Below state average (2–4/10 on GreatSchools for most local schools)
District Rating
School DistrictBaltimore City Public Schools
Test ScoresBelow Maryland state average
Graduation Rates~70% (citywide)

Schools in Area

  • Highlandtown Elementary/Middle
  • Patterson High School
  • Digital Harbor High School (nearby)

Economic Factors

Employment & Business

Job GrowthPositive, driven by healthcare, logistics, and tech
Unemployment Rate~6% (city average)
Business EnvironmentGrowing small business and retail scene, especially in Canton and Highlandtown
Commercial ActivityActive retail, restaurants, and service businesses

Major Employers

  • Johns Hopkins Bayview Medical Center
  • Amazon Fulfillment Center
  • Tradepoint Atlantic
  • Local retail and hospitality

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • I-95, I-895
  • • MTA bus routes
  • • MARCB train (nearby)
  • • Bike lanes, walkable neighborhoods

Utilities & Services

  • • Baltimore City Water
  • • BGE (electric/gas)
  • • City trash/recycling

Quality of Life

Safety & Environment

Higher than national average; property crime moderate, violent crime above average for Baltimore

Urban, some air/noise pollution near highways; green spaces in parks

Healthcare Access

  • • Johns Hopkins Bayview Medical Center
  • • MedStar Harbor Hospital

Development Trends

Planned Developments

  • Canton Crossing Phase II
  • Highlandtown arts and retail expansion

Infrastructure Projects

  • • Road resurfacing, new bike lanes, Patterson Park improvements

Investment Outlook

Growth Outlook

Stable to moderate growth; continued urban revitalization

Investment Opportunities

  • • Rowhome renovations
  • • Mixed-use retail/residential
  • • Short-term rentals

Marketing Intelligence

Target Demographics

  • Young professionals
  • First-time buyers
  • Investors
  • Families seeking urban amenities

Competitive Advantages

  • Affordability vs. coastal cities
  • Urban lifestyle with neighborhood feel
  • Access to major employers

Pricing Strategies

Competitive pricing just below city median; incentives for quick close

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Highlight active neighborhood watch, recent safety initiatives, and specific block-by-block analysisData.

Objection: School quality below state average

Response Strategy:

Point to charter/magnet options, private schools, and ongoing district improvement efforts.

Objection: Aging housing stock

Response Strategy:

Emphasize renovated properties, historic charm, and available renovation grants.

Professional Recommendations

1

Leverage increased inventory to negotiate favorable terms for buyers.

2

Highlight recent renovations and walkability in marketing.

3

Educate buyers on block-by-block differences in safety and amenities.

4

Promote proximity to major employers and Patterson Park.

5

Target investors with data on rental yields and cap rates.

6

Stay updated on development projects and zoning changes to identify emerging opportunities.

Competitive Analysis

Comparable Markets

  • 21230 (Federal Hill)
  • 21231 (Fells Point)
  • 21202 (Downtown)

Market Positioning

Urban, affordable, and vibrant with strong community identity

Competitive Advantages

  • Lower entry price than waterfront zip codes
  • Strong rental demand
  • Walkability

Price Comparison

21224 is more affordable than 21231 and 21230, but with similar amenities

Investment Metrics

6–8% (typical for renovated rowhomes)
Cap Rates
5–7% gross yield (estimated)
Rental Yields
~11–13 (favorable for investors)
Price-to-Rent
Strong for well-managed rentals, especially with multi-unit or short-term rental strategies
Cash Flow
2–4% annually (moderate, stable)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, walkability, and urban amenities; may need education on renovation/maintenance.

Move-Up Buyers

Seek larger homes or renovated properties; may look for proximity to parks and schools.

Downsizers

Interested in low-maintenance rowhomes or condos, walkable lifestyle.

Investors

Focus on rental income, value-add, and short-term rental potential; strong demand for renovated units.

Relocators

Drawn by job opportunities and lower cost of living vs. DC/Philly; need orientation to Baltimore neighborhoods.

This zip code analysis was generated using comprehensive market data and AI intelligence.

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

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