Baltimore is a city with a rich history and culture, and it's also becoming an increasingly attractive destination for real estate investors. With historically low interest rates, the Baltimore housing market has been booming for the past two years. If you're wondering if Baltimore is a good place to invest in real estate, you've come to the right place. Here are 8 reasons why investing in Baltimore could be a smart move for your real estate portfolio.
Historically Low Interest Rates - Interest rates have been historically low in Baltimore for the past two years, making it an ideal time to invest in real estate. This means that you can get more bang for your buck when it comes to buying a home or investment property.
High Return on Investment Potential
- The data shows that 36.6% of homes in Baltimore County sell above their list price, while 36.6% of homes sell below their list price. This indicates that there is a high potential for return on investment when investing in Baltimore real estate.Affordable Housing Market - The average price of a home for sale per square meter is also an important factor to consider. In Baltimore, the average home sales to sale ratio is 1,000, indicating that homes sell for the asking price.
Quick Selling Homes
- The median number of outstanding days for homes in Baltimore County and the Baltimore-Columbia-Towson MSA is 12 and 14 days, respectively, indicating an accelerating market in which homes sell quickly.Rich History and Culture
- Baltimore has a rich history and culture that makes it an attractive destination for investors.From its vibrant art scene to its diverse neighborhoods, there is something for everyone in Baltimore.
Population Growth
- The population of Baltimore has been steadily increasing over the past few years, which means more potential buyers and renters for your investment property.New Housing Communities
- There are many new housing communities being built in Baltimore, which means more opportunities for investors to purchase properties at lower prices.Booming Economy
- With its booming economy, population growth and housing market, it's no surprise that more and more investors are considering Baltimore for their next investment opportunity. If you're looking for an affordable housing market with a high return on investment potential, you should consider investing in Baltimore real estate.With its historically low interest rates, high return on investment potential and rich history and culture, there are many reasons why investing in Baltimore could be a great choice for your real estate portfolio.
