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Home Affordability Calculator Baltimore, MD — 2026
Median home price in Baltimore: $300,000. At 6.5% on a 30-year loan with 20% down, the estimated total monthly payment (PITI) is $1,903 — requiring $81,557/year in gross income. Enter your income below for a personalised estimate.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$300,000
Income needed (annual)
$81,557
Est. monthly PITI
$1,903
Property tax/month
$273
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How much house can you afford in Baltimore at your salary?
Maximum home price at each income level: 6.5% rate, 30-year term, 20% down payment, no existing debt. Property tax (1.09%) and insurance (0.45%) included in the 28% front-end DTI budget.
| Annual income | Max home price | Max monthly budget | Affords Baltimore median? |
|---|---|---|---|
| $50,000 | $184,013 | $1,167/mo | ✗ No |
| $75,000 | $276,019 | $1,750/mo | ✗ No |
| $100,000 | $368,026 | $2,333/mo | ✓ Yes |
| $125,000 | $460,032 | $2,917/mo | ✓ Yes |
| $150,000 | $552,039 | $3,500/mo | ✓ Yes |
| $175,000 | $644,045 | $4,083/mo | ✓ Yes |
| $200,000 | $736,052 | $4,667/mo | ✓ Yes |
Assumes 20% down, 6.5% rate, 30-year term, zero existing monthly debt. Property tax at 1.09% effective rate; insurance estimated at 0.45% annually. PMI required below 20% down — not included here.
Monthly payment breakdown on the median Baltimore home
$300,000 purchase price with 20% down ($60,000) at 6.5% on a 30-year loan.
Principal & interest (30yr)
$1,517/month on a $240,000 loan at 6.5% over 30 years. Total interest paid over the life of the loan: $306,120.
Property tax (1.09% effective rate)
$273/month ($3,276/year). Baltimore area property taxes average approximately 1.09% at the county level. Baltimore City proper has significantly higher tax rates than surrounding counties — always verify the specific municipality rate for the property you are evaluating, as city vs. county can mean hundreds of dollars difference per month.
Homeowners insurance (est.)
$113/month estimated at 0.45% of home value annually. Rates vary significantly by coverage level, age of home, and local risk factors — always get quotes before closing.
Total PITI (monthly)
$1,903/month estimated. Income needed to keep this under 28% of gross monthly income: $81,557/year.
Baltimore housing market 2026
Baltimore's housing market is two-tiered: premium neighbourhoods (Roland Park, Federal Hill, Fells Point) have appreciated strongly, while large sections of the city face population decline and reduced demand. The DC-to-Baltimore corridor via I-95 and MARC rail drives sustained suburban demand in Howard, Anne Arundel, and Baltimore County.
Key numbers for Baltimore buyers
- Median home price: $300,000 (2026 estimate)
- 20% down payment: $60,000
- Loan amount (80% LTV): $240,000
- Monthly P&I at 6.5% / 30yr: $1,517
- Monthly P&I at 6.5% / 15yr: $2,091
- Est. PITI (P&I + tax + insurance): $1,903/month
- Income needed (28% front-end DTI): $81,557/year
Compare home affordability by city
📍 Los Angeles, CA
Median $900,000 · income needed $244,543/yr · 1.09% tax
📍 Chicago, IL
Median $330,000 · income needed $101,614/yr · 2.1% tax
📍 Houston, TX
Median $290,000 · income needed $89,143/yr · 2.09% tax
📍 Phoenix, AZ
Median $400,000 · income needed $102,429/yr · 0.65% tax
📍 Miami, FL
Median $580,000 · income needed $155,143/yr · 0.97% tax
📍 Seattle, WA
Median $740,000 · income needed $195,257/yr · 0.87% tax
📍 Denver, CO
Median $560,000 · income needed $141,171/yr · 0.54% tax
📍 Austin, TX
Median $525,000 · income needed $161,614/yr · 2.1% tax
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Home affordability Baltimore — frequently asked questions
How much house can I afford in Baltimore?
On a $100,000 annual income with no other debt, 20% down, and a 6.5% 30-year mortgage, you can afford approximately $368,026 in Baltimore. The median home price in Baltimore is $300,000, which requires approximately $81,557/year in gross income using the 28% front-end DTI rule (principal, interest, property tax, and insurance all within 28% of gross monthly income).
What income do I need to buy a home in Baltimore?
To afford Baltimore's median home price of $300,000 at 6.5% on a 30-year loan with 20% down, you need approximately $81,557/year in gross income. This assumes the full PITI payment of $1,903/month (P&I $1,517 + property tax $273 + insurance $113) stays within 28% of gross monthly income. Existing debts reduce this buying power further.
What is the median home price in Baltimore in 2026?
The estimated median home price in Baltimore in 2026 is approximately $300,000. This varies significantly by neighbourhood — enter the specific purchase price you are evaluating in the calculator above for a personalised estimate.
What are property taxes in Baltimore?
Baltimore, MD's effective property tax rate is approximately 1.09%. On a $300,000 home, that is roughly $273/month or $3,276/year in property taxes. Baltimore area property taxes average approximately 1.09% at the county level. Baltimore City proper has significantly higher tax rates than surrounding counties — always verify the specific municipality rate for the property you are evaluating, as city vs. county can mean hundreds of dollars difference per month.
Is Baltimore affordable to buy in 2026?
Baltimore's median home price of $300,000 requires an annual gross income of approximately $81,557 to qualify under the 28% front-end DTI rule at 6.5% with 20% down. The estimated total monthly payment (PITI) is $1,903/month. Baltimore's housing market is two-tiered: premium neighbourhoods (Roland Park, Federal Hill, Fells Point) have appreciated strongly, while large sections of the city face population decline and reduced demand.