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Baltimore County, MD

RANK #854 / 996  ·  POP 850,737  ·  MD

PROJECTED GROWTH: -1.1%

Baltimore County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Baltimore County?

Towson, the county seat, offers a bustling downtown with shops, restaurants, and Towson University. Baltimore County, Maryland, partly surrounds but does not include Baltimore City, providing a blend of suburban and rural environments. Commuting to Baltimore City is feasible, with options like I-695, I-95, and I-83, as well as MARC train and Light Rail services. The county features diverse communities, from waterfront areas to rolling hills and farmland, with abundant parks, trails, and green spaces like Loch Raven Reservoir for outdoor recreation.

Life in Baltimore County appeals to families and young professionals, with highly-rated public schools. The county's economy is diversified, with major sectors including education, government, and healthcare. Recent economic developments show investment in areas such as data centers, energy, and manufacturing. While residents express concerns about housing costs and utility bills, the county maintains a competitive transportation network and access to global markets.

[02] Market Snapshot

Housing Ratio
4.6x

Below national median (4.7x)

GDP Growth
+2.9%

Above national median

Home Prices
+1.1%

Below national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 4.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Baltimore County U.S. National

The Numbers

DEMOGRAPHICS
Population
850,737
0.0% YoY
Median Household Income
$88,157
Median Home Value
$310,800
+1.11% 12mo
Median Rent
$1,479
Average Annual Pay
$71,051
+3.6% YoY
Employment
374,470
+2.0% YoY
Income-to-Home-Value
0.2836
More affordable than average
Migration Inflow
3.77%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$361,460
Days on Market
46
Moderate pace
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
99.8%
Near asking price
Sold Above List
35.6%
Listings w/ Price Drops
23.3%
Building Permits (2024)
1,511
Single-Family Permits
866

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,139M
TOTAL
PROJECT AMOUNT STATUS
Data Center in Woodlawn (Proposed)
Undisclosed
$500M Proposed
US Wind Offshore Wind Component Manufacturing Facility at Sparrows Point
US Wind
$400M Under Construction
Northeast - Riverside 230 kV Battery Project
Undisclosed
$189M Planned
Hernwood Landfill Solar Project
Undisclosed
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.9% 55 percentile
Population Growth 0.0% 30 percentile
Income Growth +7.7% 30 percentile
Vacancy Rate 1.3% 29 percentile
Home Price Change +1.1% 47 percentile
Rent Growth +3.1% 52 percentile
Price/Rent 15x 33 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Baltimore County, MD a good place to move to?

Baltimore County has a Boom Town Index score of 14/100, ranking #854 among 996 U.S. counties. With job growth at +2.0% and a median household income of $88,157, it faces some economic headwinds compared to faster-growing counties.

Is Baltimore County affordable?

The median home value in Baltimore County is $310,800 with median rent at $1,479/month. The income-to-home-value ratio is 0.2836, which is more affordable than the national average.

Is Baltimore County growing or shrinking?

Population growth: 0.0% year-over-year. Job growth: +2.0%. Home values changed +1.1% in the past 12 months.

Are people moving to Baltimore County?

Yes — 3.77% of Baltimore County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Washoe County, NV 24 Columbia County, OR 24 East Baton Rouge Parish, LA 24 Pender County, NC 24 Orange County, TX 24 Jackson County, OR 24 St. Clair County, AL 24 Hawaii County, HI 24