New York - NY vs Baltimore - MD: 2026 Housing Comparison

What this means for buyers

New York - NY is roughly 84% more expensive than Baltimore - MD in typical home value. Homes sit on market longer in New York - NY (33 days vs 16), suggesting more buyer leverage there. Baltimore - MD sees more listings with price cuts (30.2% vs 16.6%), a sign of softening seller expectations.

New York vs Baltimore: what the numbers say

At today's 7.40% average 30-year rate with 20% down, the typical home would cost about $4,049 a month in principal and interest in New York and $2,199 in Baltimore, a gap of $1,850 a month.

Typical rent runs $3,546 in New York and $1,937 in Baltimore, so the mortgage payment alone is 1.1 times rent in New York and 1.1 times rent in Baltimore, before taxes and insurance.

Home prices are 17.2 years of rent in New York and 17.1 in Baltimore; the lower ratio in Baltimore means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +7.6% in New York and +2.2% in Baltimore; over just the last three months the change was +1.3% in New York and -0.1% in Baltimore.

Homes sell for 102.3% of list price in New York and 100.1% in Baltimore, after 33 and 16 days on the market, with price cuts on 17% and 30% of listings. The signs are mixed: New York has longer time on the market, while Baltimore has more price cuts and sales further below list.

The number of homes for sale is up 3% on a year ago in New York and up 11% on a year ago in Baltimore.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-15), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.