RealtyTrac named Baltimore Top Grossing Rental Market

Out of 6,500 markets across the nation, Baltimore was recently named by RealtyTrac as the #1 market in the entire nation for the highest returns on income producing rental properties.

Higher Return on Investment in Baltimore

The City Has Committed over $2 billion for Development

In the next 36 months alone, total dollar investment for the development of Baltimore city will reach well over $2 billion for the rehabilitation of old theaters, new sky scrapers, and residential towers.

The Millennial Boom

Since 2000, Baltimore experienced the third largest percentage gain in college educated 25- 34-year-olds out of all the U.S. cities with a population greater than 600,000. Millennials, who drive the rental market in the city and are quickly becoming homeowners, account for 20% of Baltimore’s total population.

Above-average Job Market

Through April 2016, the Baltimore market has added 31,900 new jobs year-over-year, outpacing the Washington, D.C., market as well as the national average. Given that nearly 45% of Baltimore’s job market is professional services, coupled with a rapidly-growing technology presence, the city is attracting well-paid professionals downtown.

How this can benefit you…
Thrive Development Group focuses on locating and purchasing distressed properties in the hottest up and coming areas of Baltimore. We are very strategic in the areas where we renovate properties, so our investors can capitalize on significant cash flow now and future resale value.

Cash Flowing Real Estate with Higher Returns

Average rental prices in Baltimore over the last 5 years

Month

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
Aug-16
Sep-16
Oct-16
Nov-16

All Beds

1,025
1,039
1,037
1,040
1,010
1,017
1,017
1,144
1,280
1,280
1,229
1,237
1,281
1,252
1,201
1,175
1,209
1,198
1,261
1,264
1,371
1,336
1,269
1,283
1,235
1,257
1,223
1,248
1,486
1,464
1,397
1,435
1,435
1,378
1,438
1,447
1,471
1,387
1,346
1,464
1,482
1,450
1,449
1,450
1,413
1,375
1,376
1,456
1,450
1,430
1,445
1,402
1,397
1,402
1,448
1,449
1,490
1,536
1,532
1,505
1,570
1,578
1,635
1,655
1,656
1,717
1,714
1,782
1,865
1,795
1,609

1 Beds

830
835
851
838
817
824
818
964
1,132
1,137
1,059
1,030
1,106
1,093
1,038
1,024
1,029
1,025
1,031
1,105
1,216
1,174
1,110
1,113
1,074
1,110
1,120
1,163
1,413
1,393
1,284
1,226
1,284
1,284
1,314
1,359
1,457
1,316
1,256
1,411
1,425
1,409
1,409
1,386
1,332
1,274
1,283
1,354
1,371
1,349
1,347
1,303
1,297
1,300
1,347
1,344
1,389
1,434
1,441
1,418
1,472
1,479
1,518
1,556
1,546
1,570
1,548
1,622
1,717
1,649
1,477

2 Beds

1,143
1,152
1,149
1,184
1,165
1,175
1,145
1,221
1,387
1,387
1,382
1,395
1,453
1,396
1,307
1,298
1,352
1,341
1,455
1,399
1,542
1,520
1,441
1,495
1,427
1,463
1,380
1,376
1,658
1,652
1,571
1,676
1,669
1,556
1,664
1,700
1,750
1,587
1,523
1,654
1,637
1,572
1,583
1,603
1,586
1,553
1,534
1,646
1,640
1,584
1,595
1,544
1,531
1,559
1,623
1,622
1,659
1,712
1,711
1,676
1,774
1,773
1,854
1,867
1,909
1,994
1,996
2,111
2,195
2,101
1,850

Baltimore cash flow rental property

Increased Resale Value Later

In addition to boasting the highest returns on income producing rental properties. RealtyTrac also cites Baltimore as the best city to flip a home. In fact, Baltimore real estate investing has seen an average return on investment of 94.1%, nearly 20 points higher than the city that came in second place.