The subject of today’s neighborhood snapshot is Downtown, Baltimore, Maryland. Based on our analysis, Downtown Baltimore’s year-over-year average rents saw increases across all bedroom types.
Our standard neighborhood analysis uses a 12-month “LookBack” to establish an average baseline rent. The results from the 12-month LookBack analysis are presented in the tables below for Downtown, Baltimore's 1-2 bedroom rents from November 1, 2020 – November 1, 2021:
As the table shows, 1BR units increased by 10% from last year or $132 more, and the 2BR units increased by 6% or $98 more. As demonstrated by the table, year-over-year performance for selected bedroom types increased.
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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology.