Park Heights, Baltimore, MD—21215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Park Heights, Baltimore, MD
As of Oct '25, the median home price in Park Heights, Baltimore, MD is $160,000, with a year-over-year change of 0.7%. This indicates that home prices in Park Heights, Baltimore, MD are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 0.7% |
| Single Family | $164,000 | 1.2% |
| Condos | $113,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $91,000 | 4.6% |
2 Bed | $121,000 | 0.0% |
3 Bed | $169,000 | 2.4% |
4 Bed | $227,000 | 1.8% |
| 5 Bed | $335,000 | 2.1% |
% of Housing Stock
Rental Trends — Park Heights, Baltimore, MD
As of July '25, Rentcast reports the average rent in Park Heights, Baltimore, MD is $1,420, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Park Heights, Baltimore, MD is studios: $732, 1-bedrooms: $985, 2-bedrooms: $1,370, 3-bedrooms: $1,790, 4-bedrooms: $2,080. The most common rental property sizes in Park Heights, Baltimore, MD are 2-bedroom and 1-bedroom, accounting for 41.1% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,420 |
| Studio Rent | $700 | $732 |
| 1 Bed Rent | $950 | $985 |
| 2 Bed Rent | $1,350 | $1,370 |
| 3 Bed Rent | $1,750 | $1,790 |
| 4 Bed Rent | $2,100 | $2,080 |
% of Rental Stock
Property Listings — Park Heights, Baltimore, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Park Heights, Baltimore, MD is 59. This is a increase of 21.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 2.0% |
Listing Count | 267 | 6.0% |
| Listings as % of Homes | 1.0% | 6.0% |
Days on Market | 59 | 21.0% |
Demographics — Park Heights, Baltimore, MD
As of the latest ACS Survey released in 2023, Park Heights, Baltimore, MD has a population of 52,100, which has decreased by -10.9% over the past 5 years. Park Heights, Baltimore, MD is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,100 | -10.9% |
% Under 18 | 23.7% | 9.2% |
% Seniors | 21.2% | 9.3% |
% WFH | 9.5% | 82.7% |
% w/ College Degree | 25.1% | 23.6% |
As of the latest ACS Survey released in 2023, Park Heights, Baltimore, MD is a predominantly black area, with 72.9% of the population identifying as black. The black population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Park Heights, Baltimore, MD is white, making up 17.3% of the population. Foreign-born residents account for 9.0% of the population in Park Heights, Baltimore, MD, and this percentage has increased by 21.6% 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 | 17.3% | 11.6% |
% Black | 72.9% | -9.8% |
% Hispanic | 4.6% | 91.7% |
% Asian | 1.3% | 160.0% |
% Foreign Born | 9.0% | 21.6% |
Mortgage and Risk — Park Heights, Baltimore, MD
According to HUD data as of 2023, there were 589 mortgage originations in Park Heights, Baltimore, MD, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Park Heights, 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 | 589 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Park Heights, Baltimore, MD
As of 2024, the percent of homes in Park Heights, Baltimore, MD under the Section 8 program is 35.9%. 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 Park Heights, 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 | 4,051 |
Total Units Section 8 | 3,668 |
% Rentals under Section 8 | 35.9% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $950 | $1,430 |
| 2 Bedroom | $400 | $1,350 | $1,750 |
| 3 Bedroom | $520 | $1,750 | $2,270 |
| 4 Bedroom | $470 | $2,100 | $2,570 |
Affordability — Park Heights, Baltimore, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $160,000 |
| Median Household Income | $47,600 |