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Fells Point, Baltimore, MD—21231

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$290,000
1.9% YoY Growth
Household Income
$85,400
19.1% YoY Growth
Days on Market
73
4.0% Shorter YoY
Home Price Forecast
0.3%
Median Rent
$2,050
12.1% YoY Growth
1-Bed Rent
$1,500
21.9% YoY Growth
2-Bed Rent
$1,980
14.9% YoY Growth
3-Bed Rent
$2,500
1.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fells Point, Baltimore, MD

As of Dec '25, the median home price in Fells Point, Baltimore, MD is $290,000, with a year-over-year change of 1.9%. This indicates that home prices in Fells Point, Baltimore, MD are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$290,0001.9%
Single Family $287,0001.1%
Condos $315,0004.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $187,000
    1.1%
    2 Bed
    		$269,0001.1%
    3 Bed
    		$358,0001.4%
    4 Bed
    		$418,0001.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    6.1%
    1 Bedroom
    29.7%
    2 Bedrooms
    38.8%
    3 Bedrooms
    19.5%
    4 Bedrooms
    4.5%
    5+ Bedrooms
    1.3%

    Rental Trends — Fells Point, Baltimore, MD

    As of July '25, Rentcast reports the average rent in Fells Point, Baltimore, MD is $2,180, with a year-over-year rent change of -12.1%. Per bedroom, the median rent as of July '25 in Fells Point, Baltimore, MD is studios: $1,450, 1-bedrooms: $1,780, 2-bedrooms: $2,230, 3-bedrooms: $2,730, 4-bedrooms: $3,080. The most common rental property sizes in Fells Point, Baltimore, MD are 1-bedroom and 2-bedroom, accounting for 41.1% and 35.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,050$2,180
    Studio Rent $1,300$1,450
    1 Bed Rent $1,500$1,780
    2 Bed Rent $1,980$2,230
    3 Bed Rent $2,500$2,730
    4 Bed Rent $3,200$3,080
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    % of Rental Stock

    Studio
    9.8%
    1 Bedroom
    41.1%
    2 Bedrooms
    35.3%
    3 Bedrooms
    11.7%
    4 Bedrooms
    1.9%
    5+ Bedrooms
    0.1%

    Property Listings — Fells Point, Baltimore, MD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Fells Point, Baltimore, MD is 57. This is a decrease of -9.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$314,000-10.0%
    Listing Count
    		78-23.0%
    Listings as % of Homes0.7%-23.0%
    Days on Market
    		73-4.0%
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    Demographics — Fells Point, Baltimore, MD

    As of the latest ACS Survey released in 2023, Fells Point, Baltimore, MD has a population of 14,600, which has decreased by -9.9% over the past 5 years. Fells Point, Baltimore, MD is a less popular place for families, as children make up 14.4% of the population. The area has a highly educated workforce, with 65.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,600-9.9%
    % Under 18
    		14.4%-8.3%
    % Seniors
    		8.2%0.0%
    % WFH
    		24.8%327.6%
    % w/ College Degree
    		65.9%6.8%
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    As of the latest ACS Survey released in 2023, Fells Point, Baltimore, MD is a predominantly white area, with 52.9% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Fells Point, Baltimore, MD is black, making up 29.5% of the population. Foreign-born residents account for 10.1% of the population in Fells Point, Baltimore, MD, and this percentage has decreased by 15.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		52.9%0.6%
    % Black
    		29.5%-0.7%
    % Hispanic
    		8.6%-5.5%
    % Asian
    		5.0%-9.1%
    % Foreign Born
    		10.1%-15.8%
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    Mortgage and Risk — Fells Point, Baltimore, MD

    According to HUD data as of 2023, there were 259 mortgage originations in Fells Point, Baltimore, MD, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Fells Point, Baltimore, MD. Investor activity is low, as 10.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		259
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		10.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Fells Point, Baltimore, MD

    As of 2024, the percent of homes in Fells Point, Baltimore, MD under the Section 8 program is 9.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fells Point, 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
    		929
    Total Units Section 8
    		494
    % Rentals under Section 8
    		9.5%
    % Occupied Section 8
    		91.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$420$1,500$1,920
    2 Bedroom$370$1,980$2,350
    3 Bedroom$520$2,500$3,020
    4 Bedroom$180$3,200$3,380

    Affordability — Fells Point, Baltimore, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$290,000
    Median Household Income$85,400

    Fells Point, Baltimore, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Inner Harbor, Baltimore, MD

    21202

    Berea, Baltimore, MD

    21213

    Mount Vernon, Baltimore, MD

    21201

    Middle East, Baltimore, MD

    21205

    Locust Point, Baltimore, MD

    21230

    Frequently Asked Questions