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Baltimore County, MD

District 15

RANK #697 / 996 NAT  ·  #7 / 18 MD  ·  POP 850,737

1YR FORECAST: -0.4%

5YR OUTLOOK: +19%

Our model projects Baltimore County's housing market at -0.4% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Baltimore County Public Schools Education
    10,000+
  2. 2
    Social Security Administration and Centers for Medicare and Medicaid Services (CMS) Government
  3. 3
    MedStar Franklin Square Hospital Healthcare
    2,500+
  4. 4
    Greater Baltimore Medical Center (GBMC) Healthcare
  5. 5
    University of Maryland St. Joseph Medical Center Healthcare
  6. 6
    University of Maryland, Baltimore County (UMBC) Education
    1,000+
  7. 7
    Towson University Education
  8. 8
    Community College of Baltimore County (CCBC) Education
  9. 9
    McCormick and Company, Inc. Manufacturing
  10. 10
    T. Rowe Price Finance
    500+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
41.2%
of residents (national avg: 33%)

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] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
10.0
per 100K · nat avg 6.3
Firearm Fatalities
13.8
per 100K · nat avg 14.8
Injury Deaths
112.2
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
45.7
Good
Good Air Days
61%
673 of 1,095 days
Unhealthy+ Days (3yr)
24
Includes 1 Very Unhealthy
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
47
2022
45
2023
45
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

At 29/100, Baltimore County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $88,157 combined with job growth of +2.0% suggests the local economy is struggling to keep pace with national trends.

Is Baltimore County affordable?

Housing in Baltimore County is roughly in line with national affordability norms. The median home costs $310,800 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,479/month. Not a bargain, but not a stretch for most local earners either.

Is Baltimore County growing or shrinking?

Employers in Baltimore County are hiring — job growth of +2.0% — but the population is close to flat (0.0% YoY). Home values moved +1.1% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Baltimore County?

There's a moderate stream of newcomers. About 3.77% of residents moved from another state, which is above average and suggests Baltimore County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Calvert County, MD 33 St. Mary's County, MD 24 Carroll County, MD 40 Baltimore city, MD 17 Washington County, MD 42 Cecil County, MD 16 Multnomah County, OR 29 Bernalillo County, NM 29