Baltimore has a total population of 611,648 and 46.60% of the population own their home. 53.40% of the occupied housing units are renters within the Baltimore metro area. The median gross rent from 2014 - 2016 was $974. Today, the rental rate has risen 25.98% from 2016. Residents tend to be more long term with 82.60% staying in their residence for more than 1 year. For those who own a home, the median value of the house is $153,000.
Rental Rates in Baltimore
The average rental rate for all rental properties within Baltimore is $1,227. The rental rates by bedrooms is as follows. A studio is $997, a one bedroom is $1,167, a two bedroom is $1,245, and for three bedrooms, the rental rate is $1,398. The average sq ft for a rental unit is 820 sq. ft. With 3 bedrooms being about on average 1,155 sq. ft.
By neighborhood, the average rental rates in Baltimore are as follows:
Morgan Park - $799
Lauraville - $799
Beverly Hills - $799
Westfield - $875
Waltherson - $875
Moravia - Walther - $875
Glenham - Belhar - $875
Belair - Parkside - $875
Arcadia - $875
Windsor Hills - $880
Winchester - $880
Wilson Heights - $880
Walbrook - $880
Rosemont East - $880
Rosemont - $880
Panway - Braddish Avenue - $880
Northwest Community Action - $880
Mount Holly - $880
Mosher - $880
Hanlon - Longwood - $880
The total population under the age of 18 is 27.80%. While those over 65 is 12.30%. Women make up 53.00%, while men make up the remaining 47.00%. 30.30% of the population is White, 4.80% is Latino and 63.00% African American.
Education and Economy
23.10% of the population in Baltimore is considered to be at the poverty level. The education level is rather high with 83.50% with a high school degree or higher. The median annual household salary for Baltimore is $44,262 with 43.27% of all businesses within the city being owned by men, while 48.49% are owned by women and 54.54% of businesses are minority owned.
The city is named after Lord Baltimore in the Irish House of Lords, the founding proprietor of the Maryland Colony.Baltimore is the largest city and cultural center of the U.S. state of Maryland and is located in central Maryland. Founded in 1729, Baltimore is a major U.S. seaport. Baltimore's Inner Harbor was once the second leading port of entry for immigrants to the United States and a major manufacturing center. The harbor is now home to Harborplace, a shopping, entertainment, and tourist center, and the National Aquarium in Baltimore. Like many American cities that saw a decline in manufacturing, Baltimore eventually shifted to a service oriented economy. Johns Hopkins University and Johns Hopkins Hospital are now the city's largest employers. As of 2009, the population of Baltimore was 637,418. The Baltimore Metropolitan Area is the 29th largest in the U.S. with approximately 2.7 million residents. Baltimore is also the largest city in the surrounding associated combined statistical area of approximately 8.4 million residents. Baltimore has a humid, subtropical climate. July is typically the hottest month of the year, with an average high temperature of 89 degrees and an average low of 72 degrees. Summer is also a season of very high humidity in the Baltimore area. As is typical in most East Coast cities, precipitation is generous and very evenly spread throughout the year. Every month typically brings 3 to 4 inches of precipitation in Baltimore, averaging around 43 inches annually. Spring, summer and fall bring frequent showers and thunderstorms. Baltimore has an average of 105 sunny days a year. Snowfall occurs occasionally in the winter, with an average annual snowfall of 20.8 inches.
Once a major industrial town, with an economic base focused on steel processing, shipping, auto manufacturing, and transportation, the city suffered a deindustrialization which cost residents tens of thousands of low skill, high wage jobs. While it retains some industry, Baltimore now has a modern service economy providing a growing financial, business, and health service base for the southern Mid Atlantic region.
Greater Baltimore is home to six Fortune 1000 companies, including Constellation Energy, Grace Chemicals, Black and Decker, Legg Mason, T. Rowe Price, and McCormick and Company. The city is also home to the Johns Hopkins Hospital, which will serve as the center of a new biotechnology park, one of two such projects currently under construction in the city.
Johns Hopkins University and Johns Hopkins Hospital are now the city's largest employers.
Culture and Living
Historically a working class port town, Baltimore has been dubbed a city of neighborhoods, with over 300 identified districts traditionally occupied by distinct ethnic groups. Most notable today are three downtown areas along the port. The Inner Harbor, frequented by tourists due to its hotels, shops, and museums, Fells Point, once a favorite entertainment spot for sailors but now refurbished and gentrified (and featured in the movie Sleepless in Seattle) and Little Italy, located between the other two, where Baltimore's Italian American community is based.
The Baltimore Symphony Orchestra is an internationally renowned orchestra, founded in 1916 as a publicly funded municipal organization. The current Music Director is Marin Alsop, a protege of Leonard Bernstein. Center Stage is the premier theater company in the city and a regionally well respected group. The Baltimore Opera was an important regional opera company, though it filed for bankruptcy in 2008 and is not currently performing. The Baltimore Consort has been a leading early music ensemble for over twenty five years. The France Merrick Performing Arts Center, home of the restored Thomas W. Lamb designed Hippodrome Theatre, has afforded Baltimore the opportunity to become a major regional player in the area of touring Broadway and other performing arts presentations.
The city also has a wide array of professional and community theater groups. Aside from Center Stage, resident troupes in the city include Everyman Theatre and Baltimore Theatre Festival. Community theaters in the city include Fells Point Community Theatre and the Arena Players, which is the nation's oldest continuously operating African American community theater. Baltimore is also home to the Pride of Baltimore Chorus.
Each year the Artscape (festival) takes place in the city in the Bolton Hill neighborhood, due to its proximity to Maryland Institute College of Art. It is known as the 'largest free arts festival in America.
Baltimore is home to two professional sports teams. The Baltimore Orioles (Major League Baseball) and the Baltimore Ravens (National League Football.
Baltimore is a top destination for Amtrak along the Northeast Corridor. Baltimore's Penn Station is one of the busiest in the country. ide the city, Baltimore Washington International (BWI) Thurgood Marshall Airport Rail Station is another popular stop. Amtrak's Acela Express, Palmetto, Carolinian, Silver Star, Silver Meteor, Vermonter, Crescent, and Northeast Regional trains are the scheduled passenger train services that stop in the city. Additionally, MARC commuter rail service connects the city's two main intercity rail stations, Camden Station and Penn Station, with Washington, D.C.'s Union Station as well as stops in between. Use rentbits to find apartments for rent near Amtrak in Baltimore and apartments for rent near MARC trains in Baltimore.
Public transit in Baltimore is provided by the Maryland Transit Administration. The city has a comprehensive bus network, a small light rail network connecting Hunt Valley in the north to BWI airport and Cromwell in the south, and a subway line between Owings Mills and Johns Hopkins Hospital.
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