Housing Insights for ZIP Code 21202 (Baltimore, MD)

Housing Summary for ZIP Code 21202

Homeowners

The median home value in ZIP Code 21202 (Baltimore, MD) is $237,700. Approximately 22.1% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.8%.

The average occupancy of owner-occupied units in ZIP Code 21202 is 1.90 occupants, while owner-occupied units have an aggregate average size of 1.68 bedrooms per housing unit.

Renters

In the 21202 ZIP Code, an estimated 77.9% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 8.1%.

Among renter-occupied units in this ZIP, the average occupancy is 1.81 occupants, while renters in this Baltimore (city) County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21202

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21202.

ZIP 21202 Maryland U.S.
Median Home Value $237,700 $430,752 $361,498
Owner-Occupied Housing Units 22.1% 66.9% 64.0%
Homeowner Vacancy Rate 2.8% 1.7% 1.6%
Average Size of Owner-Occupied Unit 1.90 2.75 2.70
Average # of Bedrooms Per Unit 1.68 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 77.9% 33.1% 36.0%
Rental Vacancy Rate 8.1% 6.0% 6.0%
Average Size of Renter-Occupied Unit 1.81 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21202 (Baltimore, MD)

The median home value in ZIP Code 21202 is $237,700. That median value is about 24% lower than the median home value of $314,800 in Maryland overall, and is 9% higher than the $217,500 the median home value in the entire U.S. An estimated 22.8% of homes in ZIP Code 21202 are valued $300,000 to $499,999. That is 30% lower than in Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 18% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 21202 homes fall into is $1,000,000 or more (1.0% of homes).

Home Values in ZIP Code 21202

This chart visualizes the breakdown of home values in ZIP Code 21202, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21202 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21202

See the table below for a regional comparison of home values in ZIP Code 21202.

Home Value ZIP 21202 Maryland U.S.
Less than $50,000 6.7% 2.7% 6.9%
$50,000 to $99,999 11.6% 3.7% 12.0%
$100,000 to $149,999 9.4% 6.3% 13.3%
$150,000 to $199,999 16.4% 9.9% 14.0%
$200,000 to $299,999 20.4% 24.4% 19.6%
$300,000 to $499,999 22.8% 32.8% 19.3%
$500,000 to $999,999 11.7% 17.1% 11.4%
$1,000,000 or more 1.0% 3.1% 3.4%

Home Ages in ZIP Code 21202 (Baltimore, MD)

Approximately 45.3% of homes in this Baltimore, MD region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 21202 is about 284% higher than percentage of homes built in this time period in Maryland overall (11.8% of homes), and is 260% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 8.1% of local homes were built in 2000 to 2009. On the other end of the scale, just 1.6% of homes in this Baltimore (city) County ZIP Code were built in 2010 to 2013 in ZIP Code 21202. In comparison, 2.6% of homes in Maryland overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21202

A detailed regional comparison of home ages in ZIP Code 21202.

Year Built ZIP 21202 Maryland U.S.
2014 or later 3.8% 2.3% 2.5%
2010 to 2013 1.6% 2.6% 2.7%
2000 to 2009 8.1% 11.4% 14.0%
1990 to 1999 7.2% 14.3% 13.9%
1980 to 1989 7.9% 15.3% 13.4%
1970 to 1979 5.7% 14.1% 15.2%
1960 to 1969 8.1% 11.5% 10.6%
1950 to 1959 5.7% 11.4% 10.3%
1940 to 1949 6.8% 5.2% 4.9%
1939 or earlier 45.3% 11.8% 12.6%

Age of Homes in ZIP Code 21202

See the chart below for details on the age of homes in ZIP Code 21202, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

">

Housing FAQs for ZIP Code 21202

Frequently asked questions about housing in this Baltimore, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21202.

1

What is the average home value ZIP Code 21202?

The median home value in ZIP Code 21202 (Baltimore, MD) is $237,700.
2

Are homes expensive in ZIP Code 21202?

The median home value in 21202 ($237,700) is an estimated 24% lower than the aggregate median value of $314,800 in Maryland, and is 9% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 21202?

The vacacy rate for owner-occupied housing in ZIP Code 21202 is 2.8%. This rate is 65% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21202 vacancy rate is 75% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21202 have older homes or newer construction?

In ZIP Code 21202, about 45.3% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 8.1% of homes in the region were built in 2000 to 2009. In contrast, 1.6% of homes in 21202 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 21202? Are there more rentals or owner-occupied units?

There is more renter-occupied housing in 21202 than owner-occupied housing. Renter-occupied units make up 77.9% of housing, compared to 22.1% for owner-occupied units.
6

Are rental vacancy rates high in ZIP Code 21202?

The vacacy rate for rental units in ZIP Code 21202 is 8.1%. This rate is 35% higher than the overall Maryland vacancy rate of 6.0%. Additionally, the 21202 vacancy rate is 35% higher than the entire U.S. vacancy rate of 6.0%.