How much is a home worth in ZIP code 21223?

The typical home in 21223 is worth $75,916, based on the Zillow Home Value Index.

Are home values rising in 21223?

Home values in 21223 are up 1.3% over the past year, and down 1.2% a year over five years.

What is the typical rent in 21223?

A typical home in 21223 rents for about $1,526 a month, a gross rental yield of 24.1%.

What is the property tax rate in 21223?

The effective property tax rate in 21223 is 1.1% — roughly $826 a year on a typical home.

ZIP code 21223 has a population of 19,572 and a median household income of $45,840.

HousingHandbookReference data

…

U.S. ZIP Code · MD21223

Baltimore city · Baltimore-Columbia-Towson, MD

Typical home value

$75,916^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.3%
5-year / yr: -1.2%
10-year / yr: +5.5%

Relative price

vs U.S.: -73.3%
vs metro: -84.4%
vs state: -83.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 21223 is worth $75,916 — 84.4% below the Baltimore-Columbia-Towson, MD median. Over the past year, values have risen 1.3%. Homes here rent for a typical $1,526 a month — a 24.1% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,526^[2]
Gross yield: 24.1%^[2]
Cap rate: 14.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $826^[3]

#Climate risk

FEMA National Risk Index ratings for Baltimore city. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively High
Hurricane: Relatively Moderate
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 19,572^[3]
Median household income: $45,840^[3]

#Migration

Household moves in and out of Baltimore city over a year, from IRS tax-return data.

Net migration: -697^[5]
Moved in: 20,376
Moved out: 21,073

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 5
Middle: 0
High: 3

James McHenry Elementary/Middle
Elementary · Grades PK–8 · Baltimore City Public Schools
610 students
Franklin Square Elementary/Middle
Elementary · Grades PK–8 · Baltimore City Public Schools
460 students
The Seed School of Maryland
High · Grades 6–12 · SEED School of Maryland
394 students
Vivien T. Thomas Medical Arts Academy
High · Grades 9–12 · Baltimore City Public Schools
378 students
Southwest Baltimore Charter School
Elementary · Grades PK–8 · Baltimore City Public Schools
373 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield24.1%

Net yield (after ~40% expenses)14.5%

Annual rent$18,317

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$384

Loan principal$60,733

Down payment$15,183

Total interest paid$77,461

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.34

Monthly cost to own$516

Monthly rent$1,526

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 1st percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 76th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for highest rental yield in MDView list →

Frequently asked

How much is a home worth in ZIP code 21223?: The typical home in 21223 is worth $75,916, based on the Zillow Home Value Index.
Are home values rising in 21223?: Home values in 21223 are up 1.3% over the past year, and down 1.2% a year over five years.
What is the typical rent in 21223?: A typical home in 21223 rents for about $1,526 a month, a gross rental yield of 24.1%.
What is the property tax rate in 21223?: The effective property tax rate in 21223 is 1.1% — roughly $826 a year on a typical home.
Who lives in 21223?: ZIP code 21223 has a population of 19,572 and a median household income of $45,840.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

21217 vs 21223 →
Baltimore, MD
Typical home
$99,013
Gross yield
19.8%
21205 vs 21223 →
Baltimore, MD
Typical home
$114,156
Gross yield
18.4%
21216
Baltimore, MD
Typical home
$116,646
Gross yield
16.1%
21213
Baltimore, MD
Typical home
$120,932
Gross yield
17.3%
21215
Baltimore, MD
Typical home
$164,184
Gross yield
10.1%
21229
Baltimore, MD
Typical home
$176,734
Gross yield
11.6%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 21223 against any other ZIP — full side-by-side table.

Compare 21223 →

#Jump to section

U.S. ZIP Code · MD21223

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