ZIP Code Market Report
21229 — Baltimore, MD
Data through February 2026 · Updated monthly
Avg Home Value
$172,143
▼ 3.6% year-over-year
Month-over-Month
-1.3%
▼ 1.3%
Single Family
$172,752
Condo / Co-op
$197,211
The average home value in the 21229 ZIP code (Baltimore, MARYLAND) is $172,143 as of February 2026. Home prices are declining, down 3.6% compared to last year.
A 3-bedroom home in 21229 is valued at $190,897. Single-family homes average $172,752, while condos average $197,211.
The market in 21229 has a $143,886 spread between bottom-tier homes at $118,837 and top-tier homes at $262,723. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 21229 ZIP code will decrease 0.2% over the next 12 months, bringing the projected average to approximately $171,799. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Baltimore County market area in MARYLAND. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Baltimore County report.
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Market Snapshot
21229 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $177,083 | $174,473 | $172,143 | ▼ 2.8% |
| Single Family Value | $175,154 | $173,970 | $172,752 | ▼ 1.4% |
Home Values
21229 Home Value Trend
Historical home values for ZIP code 21229. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 21229
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $154,137 |
| 3 Bedrooms | $190,897 |
| 4 Bedrooms | $219,316 |
Property Types
Home Values by Property Type in 21229
How different property types compare in this ZIP code.
All Homes
$172,143
Single Family
$172,752
Condo / Co-op
$197,211
Bottom Tier
$118,837
Top Tier
$262,723
Forecast
12-Month Home Value Forecast for 21229
Zillow projects home values in 21229 will decrease 0.2% over the next year, reaching approximately $171,799.
Current Value
$172,143
Projected Change
-0.2%
▼ 0.2%
Projected Value
$171,799
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 21229 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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