The story of this market
The typical home in ZIP 21223 sells for about $125,000, or $115 per square foot.
Prices are down 4.2% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,208 a month.
ZIP 21223 — Baltimore
The 21223 housing market remains characterized by low price points and high renter demand, reflecting broader trends in Baltimore's urban core. Market activity is currently driven by affordable housing redevelopment and investor interest in rowhome renovations, though high vacancy rates and economic challenges persist. Figures for specific metrics like active inventory and price cuts are based on local market observations as official ZIP-level reports were not available.
This ZIP is primarily suited for investors seeking value-add opportunities and budget-conscious renters or buyers looking for proximity to downtown Baltimore at a lower entry price point.
Median prices moved down 4.2% year over year.
Homes spend a median of 52 days on market with 4.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.8% · poverty 24.8% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 21223, Baltimore City MD
Crime rates in the 21223 ZIP code remain significantly higher than the Baltimore city and national averages, with property and violent crime being primary concerns for residents.
Public schools serving the area generally face significant challenges, with most institutions receiving low performance ratings from state and independent evaluators.
The area is subject to standard urban environmental risks, including localized flood risks in low-lying sections and aging infrastructure concerns common to historic Baltimore neighborhoods.
Economic momentum is driven by city-wide affordable housing initiatives and targeted redevelopment projects, though the area remains in a long-term stabilization phase.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maryland) — Maryland Real Property Assessment and Taxation: Property is assessed at its phased-in use value. The tax is calculated by multiplying the assessed value by the applicable state and local tax rates.
Residents have access to major transit corridors including US-40 and I-95, with moderate public transit connectivity to downtown Baltimore employment hubs.
The area features several local community parks and proximity to the Gwynns Falls Trail, though large-scale regional amenities are primarily located outside the immediate ZIP boundaries.
The rental market is characterized by high demand for affordable units, with significant investor activity in the renovation of rowhomes for long-term rental use.
The local economy is anchored by healthcare, education, and government services in the broader Baltimore region, with local employment centered on small-scale retail and service industries.
The area is served by MTA Maryland bus routes and is positioned near major highway interchanges, facilitating regional access.
Development is currently focused on the adaptive reuse of historic rowhomes and city-sponsored affordable housing projects.
The Baltimore City Department of Finance handles property assessments, which are conducted on a triennial cycle.
Parcels may be subject to Baltimore City property taxes and specific Tax Increment Financing (TIF) district assessments.
Property insurance premiums in the area are influenced by urban risk factors and the age of the housing stock.
Data retrieved from US Census Bureau ZCTA profiles for 21223.
- K1 Speed Jessup4.512.3 mi
- Urban Air Trampoline and Adventure Park4.118.9 mi
- Dave & Buster's Hanover - Arundel49.7 mi
- Sky Zone Trampoline Park4.112.4 mi
- Dave & Buster's4.211.4 mi
- CFG Bank Arena4.11.5 mi
- M&T Bank Stadium4.71.4 mi
- Merriweather Post Pavilion4.512.7 mi
- Camden Yards4.81.4 mi
- Oriole Park at Camden Yards4.71.4 mi
- National Aquarium4.62.1 mi
- Oriole Park at Camden Yards4.71.4 mi
- The Maryland Zoo in Baltimore4.42.5 mi
- Cinemark Egyptian 24 and XD4.49.7 mi
- Medieval Times Dinner & Tournament4.610.1 mi
- National Aquarium4.62.1 mi
- Fort McHenry National Monument and Historic Shrine4.83.9 mi
- National Cryptologic Museum4.713.7 mi
- Baltimore Museum of Art4.83.1 mi
- The Walters Art Museum4.81.8 mi
- Fort McHenry National Monument and Historic Shrine4.83.9 mi
- Blandair Regional Park West Playground4.711.4 mi
- Centennial Park4.711.8 mi
- Patapsco Valley State Park - Hollofield Area4.67.5 mi
- Patapsco Valley State Park - Avalon Area4.65.6 mi
- Port Covington Marina4.72.8 mi
- Anchorage Marina4.53.5 mi
- Locust Point Marine Terminals2.93.5 mi
- Henderson's Wharf Marina4.53.2 mi
- Inner Harbor Marina4.72.1 mi
- Topgolf Baltimore3.81.5 mi
- Diamond Ridge Golf Course4.37.6 mi
- Pine Ridge Golf Course4.311.5 mi
- The Timbers At Troy3.48.8 mi
- Rocky Point Golf Course4.312.5 mi
- Arundel Mills4.410 mi
- The Mall in Columbia4.412.5 mi
- Towson Town Center4.48.5 mi
- White Marsh Mall4.311.4 mi
- H Mart Ellicott City4.59.1 mi
- Baltimore/Washington International Thurgood Marshall Airport4.37.6 mi
- The Club BWI3.97.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major urban greenway providing recreational access and connectivity to surrounding neighborhoods.
One of the city's oldest parks, offering sports fields and community space.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).