BRRRR Investing in Baltimore, MD

BRRRR Score: 4.6/10Ranked #25 of 52 markets

Data-driven brrrr analysis for Baltimore, MD — score breakdown, key investment metrics, and how it compares to other markets.

Last updated: May 2026

Score Breakdown

BRRRR Score:4.6
Cap Rate(30%)
6.5%4.2
Affordable Entry Price(25%)
$180,0008.3
Rent-to-Price Ratio(25%)
0.75%4.8
Population Growth(20%)
-3.0%0.5

Key Metrics for BRRRR

Median Price

$180,000

Affordable

Cap Rate

6.5%

Good

Rent-to-Price

0.75%

Post-refi cash flow indicator

Pop. Growth

-3.0%

5-year trend

BRRRR Investment Thesis

Baltimore offers high rent-to-price ratios close to DC, but population decline and high vacancy require neighborhood-level analysis. Canton, Federal Hill, and Hampden are investor favorites.

How Baltimore Compares

RankCityBRRRR ScoreCap RateMedian Price
#20Milwaukee, WI4.76.7%$175,000
#21Houston, TX4.76.3%$265,000
#22Charlotte, NC4.75.6%$340,000
#23Atlanta, GA4.65.9%$320,000
#24Raleigh, NC4.65.1%$380,000
#25Baltimore, MD4.66.5%$180,000
#26Savannah, GA4.55.9%$275,000

Showing markets ranked near Baltimore for this strategy.

Quick Math: Estimated Annual Return

Annual Gross Rent ($1,350/mo)$16,200
Less: Vacancy (14.7%)-$2,381
Less: Property Tax (2.25%)-$4,050
Less: Insurance (~0.5%)-$900
Less: Maintenance (~1.5%)-$2,700
Estimated NOI$6,169
Implied Cap Rate3.4%

Based on median market data. Your actual returns will vary based on specific property, financing, and management costs. Always run your own analysis before investing.

Frequently Asked Questions

What is the brrrr score for Baltimore, MD?

Baltimore, MD scores 4.6 out of 10 on our brrrr score, ranking #25 out of 52 markets we track. Weighted composite: cap rate (30%), affordable entry price (25%), rent-to-price ratio (25%), population growth (20%). Scale 0–10.

Is Baltimore a good city for brrrr investing?

Baltimore, MD ranks #25 for brrrr investing — a solid mid-tier market with a score of 4.6/10. The median home price is $180,000 with a 6.5% average cap rate.

What is the average cap rate in Baltimore?

The average cap rate in Baltimore, MD is 6.5%. The median home price is $180,000 with a median monthly rent of $1,350, resulting in a rent-to-price ratio of 0.75%.

What are the property taxes in Baltimore?

The effective property tax rate in Baltimore, MD is 2.25%. On a $180,000 property, that translates to approximately $4,050 per year in property taxes.

How does Baltimore compare to other brrrr markets?

Among our 52 tracked markets, Baltimore, MD ranks #25 for brrrr investing. It falls in the middle of the pack for this strategy.

What is the typical entry price for BRRRR deals in Baltimore?

The median home price in Baltimore, MD is $180,000. Distressed BRRRR-eligible properties typically sell for 60-70% of median value, putting estimated acquisition costs around $117,000. After rehab, the goal is to refinance at or near the full $180,000 after-repair value.

Run Your Own Numbers for Baltimore

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