How much is a home worth in ZIP code 21229?

The typical home in 21229 is worth $176,734, based on the Zillow Home Value Index.

Are home values rising in 21229?

Home values in 21229 are down 3.0% over the past year, and up 2.4% a year over five years.

What is the typical rent in 21229?

A typical home in 21229 rents for about $1,703 a month, a gross rental yield of 11.6%.

What is the property tax rate in 21229?

The effective property tax rate in 21229 is 1.3% — roughly $2,285 a year on a typical home.

ZIP code 21229 has a population of 46,679 and a median household income of $60,047.

HousingHandbookReference data

…

U.S. ZIP Code · MD21229

Baltimore city · Baltimore-Columbia-Towson, MD

Typical home value

$176,734^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.0%
5-year / yr: +2.4%
10-year / yr: +5.8%

Relative price

vs U.S.: -37.8%
vs metro: -63.8%
vs state: -60.8%

Price history

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

The typical home in 21229 is worth $176,734 — 63.8% below the Baltimore-Columbia-Towson, MD median. Over the past year, values have fallen 3.0%. Homes here rent for a typical $1,703 a month — a 11.6% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $1,703^[2]
Gross yield: 11.6%^[2]
Cap rate: 6.9%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $2,285^[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: 46,679^[3]
Median household income: $60,047^[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: 6
Middle: 0
High: 2

Edmondson-Westside High
High · Grades 9–12 · Baltimore City Public Schools
858 students
Green Street Academy
High · Grades 6–12 · Baltimore City Public Schools
818 students
Wildwood Elementary/Middle
Elementary · Grades PK–8 · Baltimore City Public Schools
753 students
Beechfield Elementary/Middle
Elementary · Grades PK–8 · Baltimore City Public Schools
534 students
North Bend Elementary/Middle
Elementary · Grades PK–8 · Baltimore City Public Schools
453 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 yield11.6%

Net yield (after ~40% expenses)6.9%

Annual rent$20,436

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$894

Loan principal$141,387

Down payment$35,347

Total interest paid$180,332

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 ratio0.72

Monthly cost to own$1,231

Monthly rent$1,703

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: 7th percentile^[1]
Rental yield: 93rd percentile^[2]
Property tax: 92nd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for highest rental yield in MDView list →

Frequently asked

How much is a home worth in ZIP code 21229?: The typical home in 21229 is worth $176,734, based on the Zillow Home Value Index.
Are home values rising in 21229?: Home values in 21229 are down 3.0% over the past year, and up 2.4% a year over five years.
What is the typical rent in 21229?: A typical home in 21229 rents for about $1,703 a month, a gross rental yield of 11.6%.
What is the property tax rate in 21229?: The effective property tax rate in 21229 is 1.3% — roughly $2,285 a year on a typical home.
Who lives in 21229?: ZIP code 21229 has a population of 46,679 and a median household income of $60,047.

#Comparable ZIPs

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

21202 vs 21229 →
Baltimore, MD
Typical home
$185,611
Gross yield
10.8%
21215 vs 21229 →
Baltimore, MD
Typical home
$164,184
Gross yield
10.1%
21218
Baltimore, MD
Typical home
$192,366
Gross yield
9.3%
21239
Baltimore, MD
Typical home
$219,103
Gross yield
8.2%
21201
Baltimore, MD
Typical home
$224,861
Gross yield
8.7%
21206
Baltimore, MD
Typical home
$225,076
Gross yield
8.8%

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

Compare ZIPs

Pit ZIP 21229 against any other ZIP — full side-by-side table.

Compare 21229 →

#Jump to section

U.S. ZIP Code · MD21229

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