The Zumper Baltimore Metro Report analyzed active listings in November across 13 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Maryland state median rent was $1,292 last month.
Cities Ranked By Rent
The Most Expensive
–Columbia, MD rent, growing 5.2% to $1,630, continued to be the most expensive in the metro.
–Annapolis, MD outpaced Elkridge to become the second priciest city with one bedrooms priced at $1,520.
–Elkridge, MD fell one spot to rank as third with rent at $1,500.
The Least Expensive
–Brooklyn Park, MD prices grew $40 to $840 but remained the most affordable in the metro.
–Dundalk, MD followed closely behind as second least expensive with rent at $850.
–Parkville, MD was third at $940.
Growth Rate
The Fastest Growing (Y/Y%)
–Baltimore, MD had the largest yearly rental growth rate, up 15.7%.
–Annapolis, MD rent ranked as second, climbing 14.3%.
–Elkridge, MD had the third fastest growing rent, jumping 13.6%.
The Fastest Growing (M/M%)
–Ellicott City, MD saw prices climb 5.3% last month, making it the fastest growing.
–Columbia, MD followed closely behind with a 5.2% monthly rental growth rate.
–Catonsville & Brooklyn Park, MD tied for third with prices up 5%.
Full Data
1 Bedroom 2 Bedrooms
Pos. City Price M/M % Y/Y % Price M/M % Y/Y %
1 Charlotte $1,170 0.00% 5.40% $1,250 0.00% 5.90%
2 Cornelius $990 0.00% 5.30% $1,200 1.70% 0.00%
3 Huntersville $910 -2.20% 0.00% $1,150 0.00% 15.00%
4 Matthews $900 -5.30% 0.00% $1,140 4.60% 10.70%
5 Mooresville $880 4.80% -4.30% $1,000 1.00% -9.10%
6 Concord $770 0.00% 13.20% $840 3.70% 13.50%
7 Gastonia $610 1.70% -9.00% $750 0.00% 11.90%
About
The Zumper Baltimore Metro Report analyzed active listings that hit the market in November 2017. Listings are aggregated by city to calculate median asking rents.
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