Market Report ยท May 2026
ZIP 21202 โ Inner Harbor
๐ Baltimore Metro ยท Maryland
67
๐ก WARM
Balanced market ยท 28 avg days on market
Property tax ~1.1%/yr
Mortgage Breakdown โ 21202
Median Home Price$320,000
20% Down Payment$64,000
Loan Amount$256,000
P&I at 6.7%$1,651/mo
Property Tax Est.$293/mo
Total PITI$2,077/mo
Income Needed (36% DTI)$69,233/yr
Educational purposes only. Market data estimated from public sources. Not financial advice.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
23.5%
of FHA applications denied in Baltimore-Columbia-Towson, MD, 2025 · national 22.1%
FREEDOM MORTGAGE CORPORATION
19.2% PENNYMAC LOAN SERVICES LLC
24.3% United Wholesale Mortgage
25.7% A 10.9-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 47.7% versus 20.0% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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