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Baltimore Sees Slight Increase In FHA Loans; No Change In Cash Sales

November 20, 2015  |  by Ellen

Rowhouses in Autumn

In addition to our post about the rise and fall of cash sales and FHA loans for the DC area, we’re also taking a look at what is happening in the Baltimore region. For this RBI used the 130 zip codes in and around Baltimore City. When it comes to cash sales, the vast majority of activity took place in the Baltimore City zip codes. These numbers show much higher rates than the region’s overall percentage of cash sales of 23%.

The ten zip codes with the most cash sales were:

  • Baltimore, MD (21223) – 89% of total sales
  • Baltimore, MD (21205) – 89% of total sales
  • Baltimore, MD (21216) – 78% of total sales
  • Baltimore, MD (21213) – 77% of total sales
  • Baltimore, MD (21215) – 66% of total sales
  • Baltimore, MD (21217) – 66% of total sales
  • Baltimore, MD (21218) – 52% of total sales
  • Baltimore, MD (21229) – 51% of total sales
  • Brooklyn, MD (21225) – 49% of total sales
  • Baltimore, MD (21206) – 43% of total sales

Interestingly, FHA loans reached the same percentage (23%) across the Baltimore region, but that is up from 19% last year.

The ten zip codes with the most FHA loans were:

  • Randallstown, MD (21133) – 45% of total sales
  • Windsor Mill, MD (21244) – 44% of total sales
  • Baltimore/Gwynn Oak, Woodlawn, MD (21207) – 41% of total sales
  • Dundalk, MD (21222) – 40% of total sales
  • Parkville, MD (21234) – 39% of total sales
  • Laurel, MD (20724) – 39% of total sales
  • Halethorpe, MD (21227) – 39% of total sales
  • Glen Burnie, MD (21060) – 39% of total sales
  • Essex, MD (21221) – 38% of total sales
  • Baltimore, MD (21239) – 38% of total sales

Posted in Blog, Market Statistics, RBI

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