How Long to Save for a Home in Baltimore, MD
Median home price, average rent, and a personalized savings timeline for Baltimore — updated 2026-Q1.
Median Home Price
$250,000
Average Rent
$1,500/mo
Median Income
$55,000/yr
5yr Price Growth
+12%
Calculate for Baltimore
Invest this % of your rent ($1,500/mo)
Down payment
Down Payment Scenarios in Baltimore
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $8,750 | 4.2 years | 4.5 years |
| 10% Down | $25,000 | 9.4 years | 11.1 years |
| 20% Down | $50,000 | 14.8 years | 18.8 years |
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Buying a Home in Baltimore, Maryland
Baltimore is one of the Northeast's growing metro areas with a population of 580,000. The median home price of $250,000 makes it one of the more affordable major metros.
With average rent at $1,500/month, a renter in Baltimore investing 10% of their rent ($150/month) into diversified REITs could accumulate a 20% down payment of $50,000 in approximately 14.8 years. The same monthly contribution in a high-yield savings account would take about 18.8 years.
Home prices in Baltimore have grown 12% over the past five years, roughly in line with national trends. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.