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Baltimore vs Buffalo: Rental Investing Stats
Last updated: January 15, 2025
| City comparison | Baltimore, MD | Buffalo, NY |
|---|---|---|
| Median home price | $184,000 | $224,000 |
| Median home price growth (10-Yr) | 68.8% | 72.6% |
| Single family market rent | $1,750 | $1,800 |
| Single family market rent growth (10-Yr) | 39.0% | 33.3% |
| Rent yield | 11.4% | 9.6% |
| Population | 565,239 | 274,678 |
| Population growth (10-Yr) | -9.2% | 6.4% |
| Unemployment rate | 4.5% | 3.6% |
| Property tax rate | 2.248% | 2.63% |
| Public school rating (out of 10) | 3 | 4 |
| Median household income | $59,623 | $46,458 |
| Income to rent | 2.84 | 2.15 |
| Median household income growth (10-Yr) | 41.1% | 45.2% |
| Poverty rate (%) | 20.2% | 27.6% |
| Civilian labor force | 62.3% | 59.9% |
| High school grad or higher | 88.3% | 86.6% |
| Bachelors degree or higher | 37.1% | 31.2% |
| Median age | 36.5 | 35.7 |
| Foreign born | 9.1% | 10.4% |
| Housing units | 294,353 | 140,554 |
| Housing units per capita | 0.52 | 0.51 |
| Occupancy | 88% | 88% |
| Renter occupancy | 52% | 57% |
| Housing unit turnover | 14.1% | 15.3% |
| Insurance Premium | $1,380 | $1,680 |
| DSCR at 80% LTV (7.625% interest rate) | 1.17 | 0.96 |
