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  5. /Frankford, Baltimore, MD - 21206

Frankford, Baltimore, MD—21206

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$224,000
0.1% YoY Growth
Household Income
$63,000
20.5% YoY Growth
Days on Market
32
32.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$1,400
5.8% YoY Growth
1-Bed Rent
$1,000
2.8% YoY Growth
2-Bed Rent
$1,340
0.7% YoY Growth
3-Bed Rent
$1,920
5.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Frankford, Baltimore, MD

As of May '26, the median home price in Frankford, Baltimore, MD is $224,000, with a year-over-year change of -0.1%. This indicates that home prices in Frankford, Baltimore, MD are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$224,000-0.1%
Single Family $225,000-0.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$182,000-1.6%
    3 Bed
    		$234,000-0.4%
    4 Bed
    		$299,0000.7%
    5 Bed $343,6361.1%
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    % of Housing Stock

    Studio
    4.3%
    1 Bedroom
    12.6%
    2 Bedrooms
    21.5%
    3 Bedrooms
    46.5%
    4 Bedrooms
    10.5%
    5+ Bedrooms
    4.6%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    8.0%
    1 Bedroom
    26.8%
    2 Bedrooms
    32.7%
    3 Bedrooms
    27.1%
    4 Bedrooms
    4.6%
    5+ Bedrooms
    0.8%

    Property Listings — Frankford, Baltimore, MD

    As of May '26, Realtor.com reports that the median days on market for a home in Frankford, Baltimore, MD is 32. This is a increase of 32.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$287,000-4.0%
    Listing Count
    		154-7.0%
    Listings as % of Homes0.6%-7.0%
    Days on Market
    		3232.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$224,000
    Median Household Income$63,000

    Frankford, Baltimore, MD — ZIP Code Boundary Map

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    Frequently Asked Questions