Buyers looking for new places to settle down have plenty of appealing options across the United States. Every region of the country has something to offer, but one underrated gem emerging as a hotspot for buyers is Baltimore. Baltimore is a historic city on the water, a longstanding seaport that has much to see and do.
Don’t let Baltimore’s past reputation mar your impression of this major city. With so much to provide buyers, it stands out in a sea of options across the country. Let’s look at what makes Baltimore such a destination for buyers.
Affordability
An affordability crisis has shaken the country over the past several years and finding a nice home in an appealing city is not easy. The national average for a home price continues to climb, and many buyers are priced out of buying in cities they want to live in. This problem has not impacted Baltimore in the same way.
In Baltimore, the median sales price sits at $215,000, according to Redfin. This is less than half of the national average, which is $454,000, according to the St. Louis Fed. This means buyers can find an array of home options for extremely affordable prices, yet still enjoy the perks of living in a great city.
Economic Opportunity
The low cost of living in Baltimore benefits buyers all the more when you consider the array of economic opportunities available to city residents. This major city has a significant economy so there is access to an array of high-paying jobs.
Baltimore’s economy is diverse, with lucrative job opportunities in various fields. While Baltimore had long been an industrial port city, it has pivoted recently and is emerging as a powerful economic force. It has a rapidly growing tech sector, and it boasts a reputation as a hub for healthcare with the presence of Johns Hopkins Hospital. Baltimore also hosts offices of major companies like Under Armour, American Sugar Refining, Inc., and BRT Laboratories.
Culture and History
Baltimore is a city with a rich history and a vibrant local culture. There are numerous notable cultural attractions in the city that make it a consistently exciting place to live. The Baltimore Museum of Art is one of the top art museums in the country, and the Inner Harbor includes some must-see spots like the National Aquarium and USS Constellation. The Edgar Allan Poe House and Museum is a monument to one of the city’s most famous residents.
Baltimore also has a superb food scene and plenty of appealing shopping destinations. There are many international cuisine offerings in this big city, and you can also enjoy some of the famous Maryland blue crab that is local to the area. It is a large city with a culture that will draw buyers in.
Outdoor Recreation
One of the primary things people seek out in a new city is whether it accommodates an outdoor lifestyle, and Baltimore certainly does. It is a city along the water, which means the harbor fills up with boaters during the summer. Boating around the city is an excellent way to see Baltimore’s skyline and enjoy its gorgeous summer weather.
Baltimore also has pleasant waterfront areas to explore, like Wildwood Beach and Baltimore Beach. There are also gorgeous parks and natural areas to hike in and around the city, including North Point State Park and the famous Patterson Park. It is a city that appeals to those who love the outdoors.
