Locust Point, Baltimore, MD—21230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Locust Point, Baltimore, MD
As of Oct '25, the median home price in Locust Point, Baltimore, MD is $270,000, with a year-over-year change of 2.1%. This indicates that home prices in Locust Point, Baltimore, MD are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 2.1% |
| Single Family | $264,000 | 1.9% |
| Condos | $340,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $206,000 | -0.5% |
2 Bed | $275,000 | 1.1% |
3 Bed | $327,000 | 1.9% |
4 Bed | $453,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Locust Point, Baltimore, MD
As of July '25, Rentcast reports the average rent in Locust Point, Baltimore, MD is $2,250, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Locust Point, Baltimore, MD is studios: $1,440, 1-bedrooms: $1,730, 2-bedrooms: $2,190, 3-bedrooms: $2,540, 4-bedrooms: $3,420. The most common rental property sizes in Locust Point, Baltimore, MD are 2-bedroom and 1-bedroom, accounting for 35.2% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,250 |
| Studio Rent | $1,600 | $1,440 |
| 1 Bed Rent | $1,790 | $1,730 |
| 2 Bed Rent | $1,950 | $2,190 |
| 3 Bed Rent | $2,500 | $2,540 |
| 4 Bed Rent | $3,420 | $3,420 |
% of Rental Stock
Property Listings — Locust Point, Baltimore, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Locust Point, Baltimore, MD is 52. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $325,000 | -2.0% |
Listing Count | 295 | 6.0% |
| Listings as % of Homes | 1.1% | 6.0% |
Days on Market | 52 | 0.0% |
Demographics — Locust Point, Baltimore, MD
As of the latest ACS Survey released in 2023, Locust Point, Baltimore, MD has a population of 33,500, which has decreased by -4.1% over the past 5 years. Locust Point, Baltimore, MD is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 58.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,500 | -4.1% |
% Under 18 | 19.3% | 9.0% |
% Seniors | 11.0% | 20.9% |
% WFH | 19.9% | 342.2% |
% w/ College Degree | 58.8% | 14.2% |
As of the latest ACS Survey released in 2023, Locust Point, Baltimore, MD is a predominantly white area, with 55.0% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Locust Point, Baltimore, MD is black, making up 23.1% of the population. Foreign-born residents account for 10.5% of the population in Locust Point, Baltimore, MD, and this percentage has increased by 19.3% 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 | 55.0% | -7.7% |
% Black | 23.1% | -16.3% |
% Hispanic | 13.0% | 88.4% |
% Asian | 3.6% | 2.9% |
% Foreign Born | 10.5% | 19.3% |
Mortgage and Risk — Locust Point, Baltimore, MD
According to HUD data as of 2023, there were 783 mortgage originations in Locust Point, Baltimore, MD, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Locust Point, Baltimore, MD. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 783 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Locust Point, Baltimore, MD
As of 2024, the percent of homes in Locust Point, Baltimore, MD under the Section 8 program is 11.0%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Locust Point, Baltimore, MD, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,174 |
Total Units Section 8 | 869 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 87.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,790 | $1,760 |
| 2 Bedroom | $210 | $1,950 | $2,160 |
| 3 Bedroom | $280 | $2,500 | $2,780 |
| 4 Bedroom | -$310 | $3,420 | $3,110 |
Affordability — Locust Point, Baltimore, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $270,000 |
| Median Household Income | $94,200 |