The Zumper Baltimore Metro Report analyzed active listings in December across 14 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The Maryland state median Rent was $1,260 last month.
Cities Ranked By Rent
The Most Expensive
–Columbia, MD rent, though falling $10 to $1,620, remained the most expensive in the metro.
–Annapolis, MD was second with one bedrooms priced at $1,500.
–Elkridge & Ellicott City, MD tied for third with rents at $1,470.
The Least Expensive
–Brooklyn Park, MD remained the most affordable city to rent with one bedrooms priced at $820.
–Dundalk, MD rent, though growing $40 to $890, stayed the second least expensive in the metro.
–Lochearn, MD ranked as third with rent at $940.
Growth Rate
The Fastest Growing (Y/Y%)
–Catonsville, MD had the fastest growing rent since this time last year, climbing 15.6%.
–Baltimore, MD followed closely behind as second with rent up 15.4%.
–Elkridge, MD ranked as third with a 14% yearly rental growth rate.
The Fastest Growing (M/M%)
–Parkville, MD had the largest monthly rental growth rate in the metro, up 5.3%.
–Pikesville, MD was second with rent growing 12.7% since last month.
–Ellicott City, MD saw prices climb 5%, making it the third fastest growing.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Columbia | $1,620 | -0.60% | 10.20% | $1,870 | -0.50% | 15.40% |
| 2 | Annapolis | $1,500 | -1.30% | 13.60% | $1,730 | 0.60% | 7.50% |
| 3 | Elkridge | $1,470 | -2.00% | 14.00% | $1,680 | 1.80% | 6.30% |
| 3 | Ellicott City | $1,470 | 5.00% | 10.50% | $1,590 | 1.30% | -0.60% |
| 5 | Pikesville | $1,240 | 5.10% | 12.70% | $1,360 | -4.90% | -6.20% |
| 6 | Baltimore | $1,200 | 1.70% | 15.40% | $1,400 | 0.00% | 11.10% |
| 6 | Owings Mills | $1,200 | 0.00% | -3.20% | $1,420 | -2.10% | -2.70% |
| 8 | Towson | $1,100 | 0.00% | -8.30% | $1,460 | -0.70% | 1.40% |
| 9 | Glen Burnie | $1,090 | -1.80% | 0.00% | $1,420 | 0.00% | 9.20% |
| 10 | Catonsville | $1,040 | -1.00% | 15.60% | $1,300 | 0.00% | -0.80% |
| 11 | Parkville | $990 | 5.30% | -3.90% | $1,050 | 0.00% | -16.00% |
| 12 | Lochearn | $940 | 4.40% | 3.30% | $1,050 | -3.70% | 0.00% |
| 13 | Dundalk | $890 | 4.70% | 8.50% | $1,130 | 1.80% | 2.70% |
| 14 | Brooklyn Park | $820 | -2.40% | 9.30% | $1,120 | -0.90% | 1.80% |
About
The Zumper Baltimore Metro Report analyzed active listings that hit the market in December 2017. Listings are aggregated by city to calculate median asking rents.
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The post Baltimore Metro Report: January 2018 appeared first on The Zumper Blog.
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