Baltimore, MD

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Baltimore short-term rental market based on reliable data.

Listings

1980 / 5159

Reliable / Active

Cap Rate

16%

Middle-Earners Gross Yield

Revenue

$31,213

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$191,986

Median Home Sale Price

Top Earners

$70,399

Top-Earners Revenue

Baltimore

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Baltimore.

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C

Challenging to Investors

Baltimore Regulations

Baltimore permits short-term rentals citywide but requires owner-occupied principal residences, individual deed ownership (not companies), and a cap of two licenses with only one secondary unit allowed. Compliance includes a $200 permit, platform registrations, a Maryland State Tax ID, safety inspections, recordkeeping, and a 30‑minute response standard—moderately burdensome and highly exclusionary for investors.

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About Baltimore

Baltimore is an independent city in the U.S. state of Maryland, sitting apart from any county and serving as the state's largest urban center with a population of roughly 570,000 residents. Built around the tidal Patapsco River where it empties into the Chesapeake Bay, the city has long carried a working-port identity softened by brick rowhouses, leafy waterfront promenades, and a thriving dining scene famous for its blue crabs and Old Bay seasoning. It is best known as the home of the National Anthem, the birthplace of the Baltimore oriole, and the gateway to Chesapeake Bay cruising, and it lies about 40 miles northeast of Washington, D.C., with Philadelphia roughly 100 miles to the northeast along the I-95 corridor.

A short drive southeast of downtown leads to Fort McHenry National Monument, the star-shaped brick fort whose defense during the War of 1812 inspired Francis Scott Key to write "The Star-Spangled Banner." The site offers guided ranger talks, a visitor-center film, and water-front walking paths along the Patapsco, generally about a 10-minute drive from the Inner Harbor. The National Park Service maintains the grounds and museum, making it a popular stop for visitors interested in early American military history.

Closer to the city's core, the Inner Harbor anchors Baltimore's tourism district and remains the easiest introduction to the city's character. The waterfront is home to the National Aquarium, the Maryland Science Center, historic ships, and a pedestrian promenade lined with restaurants and shops, all within walking distance of most downtown hotels. Its redevelopment in the early 1980s is widely credited with sparking Baltimore's modern tourism economy, and it continues to draw families and cruise-ship passengers year-round.

Just a few blocks west of the harbor, the B&O Railroad Museum occupies the original Mount Clare Station roundhouse, preserving locomotives and rail cars from the earliest decades of American rail travel. About a 5-minute drive from the Inner Harbor, the museum offers hands-on exhibits, a mile-long train ride, and one of the most intact collections of 19th-century steam engines in the country. For sports-minded travelers, the surrounding Camden Yards district adds a walkable cluster of stadiums and brewpubs that brings additional foot traffic throughout the baseball and football seasons.

Baltimore makes a compelling base for short-term rentals because it blends a dense, walkable urban core with quick access to distinctly different regional experiences. Guests can spend mornings along the Chesapeake Bay, afternoons exploring Fort McHenry or the aquarium, and evenings catching a game in the Camden Yards district, all without leaving city limits. Its position between Washington, D.C., and the Mid-Atlantic coast, paired with reliable transit and a year-round calendar of events, gives short-term rental owners a steady mix of leisure travelers, business visitors, and family vacationers to draw from.

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