Fells Point, Baltimore, MD—21231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fells Point, Baltimore, MD
As of Nov '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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 1.9% |
| Single Family | $287,000 | 1.1% |
| Condos | $315,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $187,000 | 1.1% |
2 Bed | $269,000 | 1.1% |
3 Bed | $358,000 | 1.4% |
4 Bed | $418,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Fells Point, Baltimore, MD
As of Nov '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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -12.0% |
Listing Count | 88 | -23.0% |
| Listings as % of Homes | 0.7% | -23.0% |
Days on Market | 57 | -9.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $290,000 |
| Median Household Income | $85,400 |