Frankford, Baltimore, MD—21206
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frankford, Baltimore, MD
As of Oct '25, the median home price in Frankford, Baltimore, MD is $218,000, with a year-over-year change of 2.4%. This indicates that home prices in Frankford, Baltimore, MD are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 2.4% |
| Single Family | $219,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 1.7% |
3 Bed | $228,000 | 1.8% |
4 Bed | $290,000 | 2.5% |
| 5 Bed | $332,000 | 2.5% |
% of Housing Stock
Rental Trends — Frankford, Baltimore, MD
As of July '25, Rentcast reports the average rent in Frankford, Baltimore, MD is $1,470, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Frankford, Baltimore, MD is studios: $865, 1-bedrooms: $1,030, 2-bedrooms: $1,370, 3-bedrooms: $1,940, 4-bedrooms: $1,890. The most common rental property sizes in Frankford, Baltimore, MD are 2-bedroom and 3-bedroom, accounting for 32.7% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,470 |
| Studio Rent | $850 | $865 |
| 1 Bed Rent | $1,000 | $1,030 |
| 2 Bed Rent | $1,340 | $1,370 |
| 3 Bed Rent | $1,920 | $1,940 |
| 4 Bed Rent | $1,950 | $1,890 |
% of Rental Stock
Property Listings — Frankford, Baltimore, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Frankford, Baltimore, MD is 44. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | 10.0% |
Listing Count | 195 | 20.0% |
| Listings as % of Homes | 0.6% | 20.0% |
Days on Market | 44 | 22.0% |
Demographics — Frankford, Baltimore, MD
As of the latest ACS Survey released in 2023, Frankford, Baltimore, MD has a population of 49,900, which has decreased by -3.2% over the past 5 years. Frankford, Baltimore, MD is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,900 | -3.2% |
% Under 18 | 22.7% | -3.4% |
% Seniors | 13.6% | 23.6% |
% WFH | 8.2% | 272.7% |
% w/ College Degree | 24.9% | 22.1% |
As of the latest ACS Survey released in 2023, Frankford, Baltimore, MD is a predominantly black area, with 73.8% of the population identifying as black. The black population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Frankford, Baltimore, MD is white, making up 19.5% of the population. Foreign-born residents account for 7.6% of the population in Frankford, Baltimore, MD, and this percentage has decreased by 18.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 19.5% | -8.0% |
% Black | 73.8% | 2.6% |
% Hispanic | 2.7% | -27.0% |
% Asian | 1.5% | 0.0% |
% Foreign Born | 7.6% | -18.3% |
Mortgage and Risk — Frankford, Baltimore, MD
According to HUD data as of 2023, there were 694 mortgage originations in Frankford, Baltimore, MD, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Frankford, Baltimore, MD. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 694 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Frankford, Baltimore, MD
As of 2024, the percent of homes in Frankford, Baltimore, MD under the Section 8 program is 15.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Frankford, Baltimore, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,494 |
Total Units Section 8 | 1,464 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,000 | $1,430 |
| 2 Bedroom | $410 | $1,340 | $1,750 |
| 3 Bedroom | $350 | $1,920 | $2,270 |
| 4 Bedroom | $620 | $1,950 | $2,570 |
Affordability — Frankford, Baltimore, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $218,000 |
| Median Household Income | $63,000 |