Baltimore was named #5 in SmartAsset’s Most Undervalued Cities for Homebuyers in America.
SmartAsset analyzed data in 189 cities, comparing unemployment rates, high school graduation rates, the percentage of residents who have a higher education degree, crime rate, the price per square foot of an average home, how much entertainment/restaurants/activities that are easily gotten to, and even the average number of days with precipitation and/or bad weather, plus the city’s walkability from the site walkscore.com.
What did they find with Baltimore? From the list:
5. Baltimore, MD
Baltimore, Maryland is fifth on our list. According to Zillow, Baltimore has an actual home sale value of $106.83 per square foot, which is an undervaluation of approximately $116 compared to $223.07, the value our model projects. It also has approximately 50 extreme temperature days per year, which is the second-lowest rate in the top 10 and a top-40 rate overall. Fans of moderate weather will likely find that appealing. They’ll likely find the city’s top-15 walk score appealing as well.
Baltimore is making a number of lists because it is not only affordable, it has so much to offer.
If you are considering buying a home in Baltimore, please contact me. I’d love to help!