Charles Village, Baltimore, MD—21218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Charles Village, Baltimore, MD
As of Oct '25, the median home price in Charles Village, Baltimore, MD is $183,000, with a year-over-year change of 0.3%. This indicates that home prices in Charles Village, Baltimore, MD are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | 0.3% |
| Single Family | $179,000 | 0.0% |
| Condos | $239,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $147,000 | 2.1% |
2 Bed | $176,000 | 3.5% |
3 Bed | $194,000 | 1.6% |
4 Bed | $255,000 | 2.4% |
| 5 Bed | $445,000 | 5.2% |
% of Housing Stock
Rental Trends — Charles Village, Baltimore, MD
As of July '25, Rentcast reports the average rent in Charles Village, Baltimore, MD is $1,680, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Charles Village, Baltimore, MD is studios: $1,010, 1-bedrooms: $1,160, 2-bedrooms: $1,690, 3-bedrooms: $1,850, 4-bedrooms: $2,550. The most common rental property sizes in Charles Village, Baltimore, MD are 1-bedroom and 3-bedroom, accounting for 38.5% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,680 |
| Studio Rent | $950 | $1,010 |
| 1 Bed Rent | $1,200 | $1,160 |
| 2 Bed Rent | $1,500 | $1,690 |
| 3 Bed Rent | $1,800 | $1,850 |
| 4 Bed Rent | $2,400 | $2,550 |
% of Rental Stock
Property Listings — Charles Village, Baltimore, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Charles Village, Baltimore, MD is 57. This is a increase of 17.0% 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 | $220,000 | 2.0% |
Listing Count | 273 | 26.0% |
| Listings as % of Homes | 0.8% | 26.0% |
Days on Market | 57 | 17.0% |
Demographics — Charles Village, Baltimore, MD
As of the latest ACS Survey released in 2023, Charles Village, Baltimore, MD has a population of 44,900, which has decreased by -8.9% over the past 5 years. Charles Village, Baltimore, MD is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 43.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,900 | -8.9% |
% Under 18 | 16.9% | 7.0% |
% Seniors | 14.8% | 6.5% |
% WFH | 20.1% | 258.9% |
% w/ College Degree | 43.7% | 20.1% |
As of the latest ACS Survey released in 2023, Charles Village, Baltimore, MD is a predominantly black area, with 60.0% of the population identifying as black. The black population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Charles Village, Baltimore, MD is white, making up 25.5% of the population. Foreign-born residents account for 9.7% of the population in Charles Village, Baltimore, MD, and this percentage has increased by 11.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.5% | -2.3% |
% Black | 60.0% | -1.6% |
% Hispanic | 5.2% | 18.2% |
% Asian | 4.6% | -11.5% |
% Foreign Born | 9.7% | 11.5% |
Mortgage and Risk — Charles Village, Baltimore, MD
According to HUD data as of 2023, there were 509 mortgage originations in Charles Village, Baltimore, MD, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Charles Village, Baltimore, MD. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 509 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Charles Village, Baltimore, MD
As of 2024, the percent of homes in Charles Village, Baltimore, MD under the Section 8 program is 21.9%. 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 Charles Village, 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 | 2,331 |
Total Units Section 8 | 2,037 |
% Rentals under Section 8 | 21.9% |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,200 | $1,430 |
| 2 Bedroom | $250 | $1,500 | $1,750 |
| 3 Bedroom | $470 | $1,800 | $2,270 |
| 4 Bedroom | $170 | $2,400 | $2,570 |
Affordability — Charles Village, Baltimore, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $183,000 |
| Median Household Income | $58,400 |