Metro area index
Home appreciation in the Baltimore-Columbia-Towson, MD metro area
FHFA HPI® data shows the Baltimore-Columbia-Towson, MD metro area's all-transactions index changed +2.7% over the year to Q2 2026, versus +2.2% for Maryland and +3.0% for the U.S. That ranks 240th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.7%
- 5-year change
- +31.8%
- Since Q1 1995
- +248%
- Metro rank (1 year)
- 240th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Baltimore-Columbia-Towson, MD vs Maryland and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Baltimore-Columbia-Towson, MD: 348.3
- Maryland: 348.0
- United States: 391.6
Appreciation by time window
| Window | Metro | MD | U.S. | Gap vs MD | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.7% | +2.2% | +3.0% | +0.5 pts | −0.3 pts |
| 3 years | +11.6% | +11.2% | +12.9% | +0.4 pts | −1.2 pts |
| 5 years | +31.8% | +32.0% | +41.3% | −0.3 pts | −9.5 pts |
| 10 years | +61.0% | +63.8% | +93.3% | −2.8 pts | −32.3 pts |
| Since Q1 1995 | +248% | +248% | +292% | +0.3 pts | −43.2 pts |
3-digit ZIP regions in the Baltimore-Columbia-Towson, MD area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 210 · Columbia, MD area | MD | +2.7% | +32.6% | +245% | 100% |
| 211 · Westminster, MD area | MD | +3.8% | +34.3% | +242% | 100% |
| 212 · Baltimore, MD area | MD | +2.3% | +29.4% | +247% | 100% |
| 214 · Annapolis, MD area | MD | +7.4% | +46.0% | +354% | 100% |
| 216 · Easton, MD area | MD | +2.8% | +42.1% | +275% | 28% |
| 217 · Frederick, MD area | MD | +1.4% | +35.6% | +231% | 19% |
| 207 · Bowie, MD area | MD | -0.1% | +25.1% | +231% | 11% |
Boom, bust, and recovery in Baltimore-Columbia-Towson, MD area
Baltimore-Columbia-Towson, MD area's index peaked in Q2 2007, fell 22.2% to its low in Q2 2012, and regained its peak in Q2 2021, about 14 years after the top. Today it sits +36.8% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2007 | Q2 2012 | -22.2% | Q2 2021 (14 yrs) | +36.8% |
| MD | Q2 2007 | Q2 2012 | -25.3% | Q2 2021 (14 yrs) | +35.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Baltimore-Columbia-Towson, MD area's index has changed +57.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | MD after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.1% | -1.6% | -0.8% |
| 3 years | +9.8% | +1.6% | +1.3% | +2.8% |
| 5 years | +24.0% | +6.2% | +6.5% | +13.9% |
| 10 years | +39.1% | +15.8% | +17.8% | +39.0% |
| Since Q1 1995 | +121% | +57.3% | +57.2% | +76.8% |
If you bought in the Baltimore-Columbia-Towson, MD area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +243% | $1,029,285 |
| Q2 2000 | +199% | $895,859 |
| Q2 2005 | +62.5% | $487,579 |
| Q2 2010 | +66.7% | $500,134 |
| Q2 2015 | +63.7% | $491,131 |
| Q2 2020 | +44.8% | $434,302 |
| Q2 2021 | +31.8% | $395,298 |
| Q2 2023 | +11.6% | $334,871 |
| Q2 2025 | +2.7% | $308,175 |
Frequently asked questions
- How much have home prices risen in the Baltimore-Columbia-Towson, MD area?
- FHFA HPI® data for the Baltimore-Columbia-Towson, MD metro area shows changes of +2.7% over one year, +31.8% over five years, and +61.0% over ten years to Q2 2026, and +248% since Q1 1995.
- Is the Baltimore-Columbia-Towson, MD area beating the national average?
- Over the past year the metro's index moved −0.3 pts versus the U.S.; over five years the gap is −9.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.