Income needed to buy a home
Baltimore City, MD
$64,828
a year in household income to buy the typical Baltimore City home with 10% down.
The monthly math
Typical home value$183,320
Down payment (10%)$18,332
Loan$164,988
Principal and interest (7.40%)$1,142/mo
Property tax (1.37% a year)$210/mo
Homeowners insurance (estimate)$92/mo
Mortgage insurance$69/mo
Total monthly cost$1,513/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Right at the edge
The typical household here earns $62,177 a year, 96% of what it takes.
In Maryland
Baltimore City ranks #2 of 24 for the income a home takes, from least to most.
Easiest to afford in Maryland
| County | Typical home | Income needed |
|---|---|---|
| Allegany County | $158,340 | $53,568 |
| Somerset County | $211,844 | $69,846 |
| Dorchester County | $271,430 | $90,781 |
| Wicomico County | $274,639 | $91,148 |
| Caroline County | $330,127 | $109,434 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.