Housing market/Maryland/ZIP 21223

ACS 2023 · FY2027 SAFMR

ZIP 21223 Baltimore, Maryland

Baltimore-Columbia-Towson, MD MSA · Maryland. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
19,793
Households
8,300
Median HH income
$41,828
Renter share
66.4%
Median gross rent
$1,110
Vacancy
36.3%
Pop. change
-16.0%
2BR SAFMR
$1,680
SAFMR / rent
1.514×
2–49 unit stock
2,487
LIHTC proj / units
19 / 1,295
HUD assisted MF
10 / 545

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 21223 · MD — sent to you.

ZIP 21223 · MD

ACS median rent$1,110
2BR SAFMR$1,680
90% floor$1,512
110% ceiling$1,848

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 21223

  • 1-unit detached4983.8%
  • 1-unit attached9,11069.9%
  • 2–4 units1,88514.5%
  • 5–49 units6024.6%
  • 50+ units8926.8%
  • Mobile470.4%
TypeUnitsShare
1-unit detached4983.8%
1-unit attached9,11069.9%
2 units (duplex)1,1969.2%
3–4 units6895.3%
5–9 units3712.8%
10–19 units1190.9%
20–49 units1120.9%
50+ units8926.8%
Mobile470.4%

2–4 unit share 14.5% · 5–49 unit share 4.6% · combined 2–49 19.1%.

Units by bedrooms

Studio
542
1BR
1,551
2BR
3,577
3BR
5,805
4BR
1,263
5+
296

Rent burden

Rent ≥30% of income52.5%
Rent ≥50% of income32.4%
  • ACS median gross rent $1,110 (all bedrooms, occupied rentals).
  • Median contract rent $856.
  • Renters paying ≥30% of income 52.5%; ≥50% 32.4%.
  • FY2027 2BR SAFMR $1,680 (1.514× ACS median gross rent).

Population

19,793 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -16.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 19 projects, 1,295 units.
  • HUD project-based assisted MF: 10 properties, 545 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 289 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 21223 66.4% of occupied households are renters; vacancy is 36.3%; ACS median gross rent is $1,110; population changed -16.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,885 units in 2–4-unit structures and 602 units in 5–49-unit structures; 19 LIHTC projects totaling 1,295 units; FY2027 2BR SAFMR is $1,680 versus ACS median gross rent of $1,110. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Maryland research

ZIP 21223 is a Census / HUD profile for Baltimore-Columbia-Towson, MD. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Maryland research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 21223?

ZIP 21223 (Baltimore-Columbia-Towson, MD MSA) has 19,793 residents, 8,300 households, a renter share of 66.4%, median household income of $41,828, and ACS 2023 median gross rent of $1,110. Vacancy is 36.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 21223?

ACS counts 1,196 units in 2-unit buildings, 689 in 3–4 unit buildings, 371 in 5–9, 119 in 10–19, and 112 in 20–49. Combined 2–49 unit stock is 2,487 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 21223?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,680. See the full schedule and 90–110% payment-standard band on the ZIP 21223 — Baltimore, MD HUD Section 8 Payment Standards / SAFMR.

Does this Maryland ZIP profile include Georgia listings?

No. ZIP 21223 is Census / HUD research for Baltimore-Columbia-Towson, MD MSA. Jeff Crowe CRE does not list Maryland property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.