The Zumper Baltimore Metro Report analyzed over 9,000 active listings in February across the 14 metro cities to show the most and least expensive cities and cities with the fastest growing rents.
Cities Ranked By Rent
Most Expensive
– Columbia, MD topped the Baltimore Metro list with one bedroom apartments priced at $1,420.
– Annapolis, MD took the second spot on the list as median rent this month clocked in at $1,360.
– Ellicott City, MD one bedroom units dipped a little this month to $1,330.
Least Expensive
– Brooklyn Park, MD was the most affordable city in the Baltimore metro. One bed apartments in the area went for $750.
– Dundalk, MD followed closely behind at $790, well below the state median of $1,250.
– Aberdeen, MD was significantly more expensive than Dundalk, at $920, but still takes the third spot for most affordable cities.
Yearly Growth Rate
Fastest Growing
– Parkville, MD lead the pack in growth this month. Rents shot up 15% compared to this time last year.
– Owings Mills, MD was close behind, with growth rates of 14.2%
– Aberdeen, MD trailed a bit further behind as it experienced more modest growth at 7%.
Full Data
| One Bedroom | Two Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Columbia | $1,420 | -2.70% | 0.00% | $1,550 | -1.90% | -1.30% |
| 2 | Annapolis | $1,360 | 4.60% | -9.30% | $1,580 | -1.30% | -9.70% |
| 3 | Ellicott City | $1,330 | -0.70% | -12.50% | $1,610 | -0.60% | 0.60% |
| 4 | Owings Mills | $1,290 | 3.20% | 14.20% | $1,460 | 0.70% | 2.80% |
| 4 | Towson | $1,290 | 2.40% | -4.40% | $1,440 | 5.10% | -15.00% |
| 5 | Baltimore | $1,100 | 0.90% | -14.10% | $1,290 | -0.80% | -7.90% |
| 5 | Glen Burnie | $1,100 | 0.00% | 4.80% | $1,310 | 0.80% | -0.80% |
| 6 | Pikesville | $1,070 | 4.90% | 5.90% | $1,450 | 0.00% | -0.70% |
| 7 | Parkville | $1,030 | 0.00% | 15.00% | $1,250 | 0.00% | 15.00% |
| 8 | Arbutus | $930 | -5.10% | -7.00% | $1,430 | -4.70% | 5.90% |
| 8 | Lochearn | $930 | 1.10% | -1.10% | $1,040 | 0.00% | -1.00% |
| 9 | Aberdeen | $920 | 4.50% | 7.00% | $1,190 | 5.30% | 15.00% |
| 10 | Dundalk | $790 | -2.50% | 2.60% | $1,150 | 0.00% | 13.90% |
| 11 | Brooklyn Park | $750 | 0.00% | -3.80% | $1,050 | 0.00% | 15.00% |
About
The Zumper Baltimore Metro Report analyzed over 9,000 listings that hit the market in February 2017. Listings are aggregated by city to calculate median asking rents.
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This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here
