Compare Baltimore, MD mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Baltimore.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Baltimore. Plus, shopping lenders is free and there is no obligation.
August 14, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Baltimore. Understand how much you need to earn to afford a home in Baltimore, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Baltimore fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Baltimore is right for you.
The median home value for Baltimore, MD is $338,904
Based on current mortgage rates and a 10% down payment, you need to make $70,701 per year to buy the median priced home in Baltimore
With this income, you could qualify for a $305,014 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Baltimore is $1,637
The median household income for Baltimore, MD is $81,628
Based on this income, you can afford a home valued at approximately $391,281
The home price you can afford to buy based on household income in Baltimore is 115% of the median home value which means housing prices are average. Baltimore ranks 16 out of 24 counties in Maryland and 2,581 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Baltimore, MD is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Baltimore below.
Conforming loan limits for Baltimore, MD
FHA loan limits for Baltimore, MD