Is Baltimore still good?

[Hamlet Bonilla]

Hi everyone,

I live in Washington, D.C.and I'm planning on start my journey as newbie investor in Baltimore. Any one familiar with Baltimore's market? Any real state agent in the area to find the first right deal? Please let me know.

Looking for friendship

Best,

Hamlet 

[Yvonne Dupree]

1. Baltimore is the 4th largest “commuter shed” in the country. Over 900,000 people commute into Baltimore every day from Baltimore area suburbs. And over 200,000 people every day commute in Baltimore from Washington, DC and Virginia.
2. Baltimore ranks #18 in the top 25 rental markets in the entire nation. However Baltimore is the only city in the top 25 markets where the rental rate of return is over 20%
3. Baltimore has one of the most stable economies in the United States, median household income averages $70,000 which ranks #4 in the U.S.
4. Baltimore’s millenial population has grown 16% in the last 5 years
5. Baltimore has over 1,000 miles of natural shoreline making it one of the most beautiful places to live
6. Baltimore gets over 2,000 hours of sunshine a year, rivalling Florida as the “sunshine state”
7. Over 2.7 million people reside in the region making it the 20th largest metro in the country
8. High opportunity and relatively low home prices make Baltimore one of the hottest Real Estate markets in the nation