Rent vs Buy in Baltimore, MD
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Baltimore, MD
Price-to-rent ratio is 7.7 (under 15 favors buying, over 21 favors renting). Renting costs $2,006/mo; owning runs about $1,364/mo — $642/mo less to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $964 |
| Property tax | $169 |
| Home insurance | $77 |
| Maintenance | $154 |
| Total to own | $1,364 |
| Average 2BR rent | $2,006 |
Based on a median home value of $184,804 with a $36,961 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.