Carrollton Ridge, Baltimore, MD—21223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carrollton Ridge, Baltimore, MD
As of Oct '25, the median home price in Carrollton Ridge, Baltimore, MD is $66,000, with a year-over-year change of -3.1%. This indicates that home prices in Carrollton Ridge, Baltimore, MD are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $66,000 | -3.2% |
| Single Family | $66,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $64,000 | 1.6% |
2 Bed | $78,000 | 2.6% |
3 Bed | $70,000 | -1.4% |
4 Bed | $126,000 | 5.0% |
| 5 Bed | $141,000 | 2.2% |
% of Housing Stock
Rental Trends — Carrollton Ridge, Baltimore, MD
As of July '25, Rentcast reports the average rent in Carrollton Ridge, Baltimore, MD is $1,440, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Carrollton Ridge, Baltimore, MD is studios: $838, 1-bedrooms: $1,020, 2-bedrooms: $1,360, 3-bedrooms: $1,680, 4-bedrooms: $1,840. The most common rental property sizes in Carrollton Ridge, Baltimore, MD are 2-bedroom and 3-bedroom, accounting for 33.0% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,440 |
| Studio Rent | $850 | $838 |
| 1 Bed Rent | $1,000 | $1,020 |
| 2 Bed Rent | $1,350 | $1,360 |
| 3 Bed Rent | $1,600 | $1,680 |
| 4 Bed Rent | $1,820 | $1,840 |
% of Rental Stock
Property Listings — Carrollton Ridge, Baltimore, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Carrollton Ridge, Baltimore, MD is 61. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $115,000 | 8.0% |
Listing Count | 293 | 9.0% |
| Listings as % of Homes | 2.0% | 9.0% |
Days on Market | 61 | -3.0% |
Demographics — Carrollton Ridge, Baltimore, MD
As of the latest ACS Survey released in 2023, Carrollton Ridge, Baltimore, MD has a population of 19,800, which has decreased by -16.0% over the past 5 years. Carrollton Ridge, Baltimore, MD is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,800 | -16.0% |
% Under 18 | 22.6% | -14.1% |
% Seniors | 15.3% | 39.1% |
% WFH | 13.3% | 195.6% |
% w/ College Degree | 12.4% | 19.2% |
As of the latest ACS Survey released in 2023, Carrollton Ridge, Baltimore, MD is a predominantly black area, with 72.7% of the population identifying as black. The black population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Carrollton Ridge, Baltimore, MD is white, making up 15.5% of the population. Foreign-born residents account for 7.5% of the population in Carrollton Ridge, Baltimore, MD, and this percentage has increased by 13.6% 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 | 15.5% | -5.5% |
% Black | 72.7% | -0.4% |
% Hispanic | 6.6% | 37.5% |
% Asian | 1.4% | -41.7% |
% Foreign Born | 7.5% | 13.6% |
Mortgage and Risk — Carrollton Ridge, Baltimore, MD
According to HUD data as of 2023, there were 132 mortgage originations in Carrollton Ridge, Baltimore, MD, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Carrollton Ridge, Baltimore, MD. Investor activity is low, as 11.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 132 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 11.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Carrollton Ridge, Baltimore, MD
As of 2024, the percent of homes in Carrollton Ridge, Baltimore, MD under the Section 8 program is 23.7%. 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 Carrollton Ridge, 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 | 1,538 |
Total Units Section 8 | 1,293 |
% Rentals under Section 8 | 23.7% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,000 | $1,430 |
| 2 Bedroom | $400 | $1,350 | $1,750 |
| 3 Bedroom | $670 | $1,600 | $2,270 |
| 4 Bedroom | $750 | $1,820 | $2,570 |
Affordability — Carrollton Ridge, Baltimore, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $66,000 |
| Median Household Income | $41,800 |