Berea, Baltimore, MD—21213
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berea, Baltimore, MD
As of Oct '25, the median home price in Berea, Baltimore, MD is $117,000, with a year-over-year change of -0.3%. This indicates that home prices in Berea, Baltimore, MD are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $117,000 | -0.3% |
| Single Family | $117,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | 3.4% |
3 Bed | $135,000 | 0.0% |
4 Bed | $182,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Berea, Baltimore, MD
As of July '25, Rentcast reports the average rent in Berea, Baltimore, MD is $1,490, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Berea, Baltimore, MD is studios: $810, 1-bedrooms: $960, 2-bedrooms: $1,440, 3-bedrooms: $1,760, 4-bedrooms: $2,020. The most common rental property sizes in Berea, Baltimore, MD are 3-bedroom and 2-bedroom, accounting for 49.4% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,490 |
| Studio Rent | $850 | $810 |
| 1 Bed Rent | $900 | $960 |
| 2 Bed Rent | $1,350 | $1,440 |
| 3 Bed Rent | $1,750 | $1,760 |
| 4 Bed Rent | $2,200 | $2,020 |
% of Rental Stock
Property Listings — Berea, Baltimore, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Berea, Baltimore, MD is 62. This is a increase of 14.0% 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 | $175,000 | -1.0% |
Listing Count | 253 | 1.0% |
| Listings as % of Homes | 1.6% | 1.0% |
Days on Market | 62 | 14.0% |
Demographics — Berea, Baltimore, MD
As of the latest ACS Survey released in 2023, Berea, Baltimore, MD has a population of 27,900, which has decreased by -12.1% over the past 5 years. Berea, Baltimore, MD is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | -12.1% |
% Under 18 | 24.4% | -10.9% |
% Seniors | 13.5% | 20.5% |
% WFH | 9.8% | 390.0% |
% w/ College Degree | 16.7% | 9.9% |
As of the latest ACS Survey released in 2023, Berea, Baltimore, MD is a predominantly black area, with 87.2% 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 Berea, Baltimore, MD is white, making up 5.9% of the population. Foreign-born residents account for 2.7% of the population in Berea, Baltimore, MD, and this percentage has decreased by 6.9% 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 | 5.9% | -19.2% |
% Black | 87.2% | -1.6% |
% Hispanic | 4.5% | 181.2% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 2.7% | -6.9% |
Mortgage and Risk — Berea, Baltimore, MD
According to HUD data as of 2023, there were 349 mortgage originations in Berea, Baltimore, MD, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Berea, Baltimore, MD. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 349 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Berea, Baltimore, MD
As of 2024, the percent of homes in Berea, Baltimore, MD under the Section 8 program is 42.2%. 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 Berea, 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 | 2,346 |
Total Units Section 8 | 2,276 |
% Rentals under Section 8 | 42.2% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $900 | $1,430 |
| 2 Bedroom | $400 | $1,350 | $1,750 |
| 3 Bedroom | $520 | $1,750 | $2,270 |
| 4 Bedroom | $370 | $2,200 | $2,570 |
Affordability — Berea, Baltimore, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $117,000 |
| Median Household Income | $50,000 |