The Zumper Baltimore Metro Report analyzed active listings in August across 14 metro cities to show the most and least expensive cities and cities with the fastest growing rents.
Cities Ranked By Rent
The Most Expensive
–Elkridge, MD rent, although dropping $20 since last month, was the most expensive at $1,550.
–Columbia, MD outpaced Ellicott City to become the second most expensive city with rent growing 4.9% to $1,510.
–Ellicott City, MD was third with rent at $1,420.
The Least Expensive
–Brooklyn Park, MD remained the most affordable city and got even cheaper this past month with rent at $760.
–Westminster, MD rent stayed stable and as the second least expensive in the metro at $830.
–Dundalk, MD was just slightly more expensive at $850.
Growth Rate
The Fastest Growing (Y/Y%)
–Baltimore, MD had the fastest growing rent since this time last year, up 13.2%.
–Glen Burnie, MD followed closely behind with prices growing 12.7% since this time last year.
–Pikesville, MD was third with a 10.3% yearly growth rate.
The Fastest Growing (M/M%)
–Columbia, MD had the largest monthly growth rate, up 4.9%.
Full Data
1 Bedroom 2 Bedrooms
Pos. City Price M/M % Y/Y % Price M/M % Y/Y %
1 Charlotte $1,130 0.90% 10.80% $1,240 0.80% 9.70%
2 Davidson $1,020 -2.90% 1.00% $1,270 0.00% 0.00%
3 Cornelius $990 -1.00% 0.00% $1,110 -5.10% -6.70%
4 Huntersville $940 -1.10% 3.30% $1,170 -4.90% 12.50%
5 Mooresville $790 -4.80% -16.00% $1,000 5.30% 2.00%
6 Albemarle $570 -5.00% 9.60% $600 0.00% 7.10%
7 Salisbury $550 0.00% 7.80% $690 -5.50% 15.00%
About
The Zumper Baltimore Metro Report analyzed active listings that hit the market in August 2017. Listings are aggregated by city to calculate median asking rents.
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