21229, Baltimore, MD

The 21229 zip code of Baltimore, MD has a median home value of $158,000. This is lower than the Maryland state median home value of $217,500. The 21229 zip code also has a lower than average percentage of homeowners who have equity in their homes (47%). This indicates that there are more homeowners who are struggling to maintain their homes than those who are doing well.

One reason for this may be that the 21229 zip code has a high rate of home foreclosure (14%). This may indicate that many homeowners in this area are unable to keep up with their mortgage payments or have had to sell their homes due to financial difficulties. Another factor may be the high unemployment rate in the area (8.5%). Many people who live in this area may not have enough money to make regular mortgage payments or they may have lost their jobs and cannot find new employment that pays enough to cover the cost of housing.