One of the best things about buying a home in Baltimore is how much house you can get for your money. Whether you're a first-time buyer looking for an affordable rowhome or you're ready to upgrade to a historic estate, Baltimore offers a wide range of options at different price points.

If you're wondering what your budget can get you in the Baltimore area, we’ve broken it down for you—from $200,000 to $1 million. Let's take a look at what you can afford in Charm City!

$200,000 – The Starter Home or Cozy Rowhouse

At this price point, you're likely looking at:
✅ A classic Baltimore rowhome, likely in neighborhoods like Highlandtown, Hampden, or Pigtown
✅ 2–3 bedrooms, 1–2 bathrooms
✅ Around 1,000–1,500 square feet
✅ Limited (or no) dedicated parking, though some homes may have alley access
✅ Some recent renovations, but you may need to update kitchens or bathrooms

This price range is great for first-time buyers or investors looking for a rental property. While you may have to compromise on space, Baltimore’s rowhomes often come with historic charm, exposed brick, and easy access to local hotspots.

$300,000 – A Rowhome with Upgrades or a Small Detached House

With a $300K budget, you can expect:
✅ A larger, more updated rowhome in neighborhoods like Canton, Brewer’s Hill, or Charles Village
✅ 3 bedrooms, 2 bathrooms
✅ Around 1,500–1,800 square feet
✅ Potential for off-street parking or a small backyard
✅ More modern updates like stainless steel appliances, hardwood floors, and finished basements

At this level, you're moving into homes with more space and modern upgrades. You might also find smaller detached homes in suburban areas like Parkville or Catonsville.

$400,000 – A Spacious Rowhome or a Detached Suburban Home

For $400K, buyers can typically find:
✅ A fully renovated rowhome in Federal Hill, Fells Point, or Locust Point with rooftop decks
✅ 3+ bedrooms, 2–3 bathrooms
✅ 1,800–2,200 square feet
✅ Some homes with garages or designated parking
✅ High-end finishes like quartz countertops, smart home features, and spa-like bathrooms

Alternatively, in areas just outside the city like Towson or Lutherville-Timonium, you can get a detached 3-bedroom, 2-bath rancher or Cape Cod-style home with a nice yard.

$500,000 – A Luxury Rowhome or a Larger Detached Home

At this price point, expect:
✅ A high-end, fully renovated rowhome with rooftop views of the harbor
✅ 3–4 bedrooms, 3+ bathrooms
✅ 2,200–2,800 square feet
✅ Parking, backyard space, or even a small garage
✅ Potential to be in a waterfront community like Canton or Harbor East

If you're looking outside the city, $500K can get you a charming Colonial or split-level home with a big yard and a two-car garage in areas like Ellicott City or Catonsville.

$750,000 – Luxury Living in the City or a Large Family Home in the Suburbs

In this price range, you're looking at:
✅ A newly built townhome or luxury condo in Harbor East, with 3+ bedrooms and high-end finishes
✅ 3,000+ square feet with high ceilings, open floor plans, and smart home features
✅ Water views or proximity to the city’s best restaurants and entertainment

In the suburbs, $750K can get you a 4–5 bedroom, 3+ bathroom Colonial or Craftsman-style home in sought-after school districts like Howard County or Ruxton. These homes often have large yards, garages, and finished basements.

$1 Million – The Best of the Best

If your budget is around $1 million, your options include:
✅ A waterfront home in Canton, Fell’s Point, or Inner Harbor with private rooftop terraces
✅ 4+ bedrooms, 4+ bathrooms, and 3,500+ square feet of living space
✅ Gourmet kitchens, custom finishes, and luxury features like elevators and wine cellars
✅ Large detached homes in Roland Park, Homeland, or Guilford with historic charm, stone exteriors, and expansive yards

At this level, you’re buying into Baltimore’s most prestigious neighborhoods, where historic mansions meet modern luxury.

Baltimore: A City Where You Can Afford to Build Wealth

No matter your budget, Baltimore offers some of the best real estate value on the East Coast. Compared to cities like Washington, D.C., New York, or Philadelphia, you get far more space, historic charm, and investment potential for your money.

Buying a home here means building equity in a city that’s full of growth and opportunity. Whether you're just starting out or looking for a dream home, Baltimore has something for everyone.

Thinking about buying a home in Baltimore? Let’s chat! I’d love to help you find the perfect place to call home.