Patterson Park home values
Patterson Park at a glance
- Zillow’s Home Value Index puts the typical home at $235,500 (Aug 2026), −2.8% over the past 12 months and +9% over five years.
- The Census median home value is $281,400 — about the same as Baltimore overall and 17% below the U.S. median.
- Median household income is $86,209, so homes cost 3.3× local income.
- Median rent is $1,782/month (a 7.6% gross rental yield).
- Its ZIP ranks 5th of 10 Baltimore ZIP codes by home value.
- These figures are for ZIP 21224, which Patterson Park shares with Canton, Greektown, Highlandtown.
Patterson Park home value trend
Over the 12 months to Aug 2026, typical home values in Patterson Park fell 2.8%, to about $235,500. That is in step with Baltimore (−2.5%). Values are 3.2% below their peak of $243,200 in Apr 2025. Over five years the typical home gained $20,300 in value (+9%).
Year-by-year values
| Month | Typical value | Change vs year before |
|---|---|---|
| Aug 2026 | $235,500 | −2.8% |
| Aug 2025 | $242,300 | +1.5% |
| Aug 2024 | $238,700 | +2.7% |
| Aug 2023 | $232,400 | +1.3% |
| Aug 2022 | $229,500 | +6.6% |
| Aug 2021 | $215,200 | +13.7% |
| Aug 2020 | $189,300 | −2.2% |
| Aug 2019 | $193,500 | −1.3% |
| Aug 2018 | $196,000 | +5.2% |
| Aug 2017 | $186,300 | +4.7% |
| Aug 2016 | $178,000 | — |
Source: Zillow Home Value Index (ZHVI), typical value of mid-tier homes, smoothed & seasonally adjusted. Areas with several ZIPs: population-weighted.
Patterson Park home value score
from local value, rent & income
In ZIP 21224, rents are strong relative to prices (a high gross yield), and homes are moderately priced against local incomes.
How the Value Score is built
Computed figures
A transparent value snapshot — computed from U.S. Census ACS (2023) for this ZIP: home value, gross rent and household income. It is not a market-timing or appreciation forecast.
Patterson Park vs Baltimore, Maryland and the U.S.
| Patterson Park | Baltimore | Maryland | U.S. | |
|---|---|---|---|---|
| Typical value (Zillow, Aug 2026) | $235,500 | $240,500 | $376,200 | — |
| 1-year change | −2.8% | −2.5% | −1.4% | — |
| 5-year change | +9% | +2% | +7% | — |
| Median home value (Census) | $281,400 | $277,800 | $378,800 | $340,200 |
| Median household income | $86,209 | $70,400 | $98,800 | $78,500 |
| Median gross rent | $1,782/mo | $1,450/mo | $1,697/mo | $1,406/mo |
| Price-to-income ratio | 3.3× | 3.9× | 3.8× | 4.3× |
| Gross rental yield | 7.6% | 6.3% | 5.4% | 5.0% |
| Rent as share of income | 25% | 25% | 21% | 21% |
| Mortgage payment* | $1,423/mo | $1,405/mo | $1,915/mo | $1,720/mo |
Census figures: U.S. Census Bureau ACS 5-year estimates; areas spanning several ZIPs use population-weighted averages of ZIP medians, and city/state columns cover the ZIPs of the places listed on this site. Zillow: ZHVI. *Principal & interest on the Census median value, 20% down, 6.5% fixed, 30 years.
What it costs to buy a home in Patterson Park
At today’s typical value of $235,500 (Zillow, Aug 2026), a buyer putting 20% down ($47,100) and financing the rest at 6.5% over 30 years would pay about $1,191 a month in principal and interest — 17% of the median household income here. That sits within the common 28% guideline, so the typical home is within reach of a typical local household. The median rent is $1,782/month, so owning is roughly 33% cheaper per month than renting, even before counting equity.
Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.
What this means for buyers, sellers and investors in Patterson Park
Buyers
Homes cost about 3.3× the local median income — affordable by national standards, so first-time buyers have a realistic path in. Prices have eased 2.8% over the past year, which gives buyers more room to negotiate.
Sellers
Values are down 2.8% on the year, so price to today’s market rather than last year’s peak — and get a home-specific estimate: condition and size move the number more than the area average.
Investors
A gross rental yield of 7.6% is strong — rents are high relative to prices, which favours cash-flow investors.
About Patterson Park
Patterson Park is an urban park in Southeast Baltimore, Maryland, United States, adjacent to the neighborhoods of Canton, Highlandtown, Patterson Park, and Butchers Hill. It is bordered by East Baltimore Street, Eastern Avenue, South Patterson Park Avenue, and South Linwood Avenue. The Patterson Park extension lies to the east of the main park, and is bordered by East Pratt Street, South Ellwood Avenue, and Eastern Avenue.
Source: en.wikipedia.org (CC BY-SA)
Other neighborhoods in Baltimore
| Name | Home value | 1-yr | Income | Rent | Price / income |
|---|---|---|---|---|---|
| Bolton Hill ZIP 21217 · shared | $176K | −7.0% | $37K | $1,065 | 4.7× |
| Brooklyn ZIP 21225 · shared | $214K | −1.1% | $50K | $1,118 | 4.3× |
| Canton ZIP 21224 · shared | $281K | −2.8% | $86K | $1,782 | 3.3× |
| Charles Village ZIP 21218 · shared | $230K | −4.1% | $58K | $1,239 | 3.9× |
| Cherry Hill ZIP 21225 · shared | $214K | −1.1% | $50K | $1,118 | 4.3× |
| Federal Hill ZIP 21230 · shared | $328K | −1.8% | $94K | $1,771 | 3.5× |
| Fells Point | $337K | −4.4% | $85K | $1,710 | 3.9× |
| Greektown ZIP 21224 · shared | $281K | −2.8% | $86K | $1,782 | 3.3× |
| Guilford ZIP 21218 · shared | $230K | −4.1% | $58K | $1,239 | 3.9× |
| Hampden ZIP 21211 · shared | $274K | −1.6% | $81K | $1,577 | 3.4× |
| Harlem Park ZIP 21217 · shared | $176K | −7.0% | $37K | $1,065 | 4.7× |
| Highlandtown ZIP 21224 · shared | $281K | −2.8% | $86K | $1,782 | 3.3× |
| Inner Harbor city data | $308K | −0.9% | $62K | $1,497 | 5.0× |
| Locust Point ZIP 21230 · shared | $328K | −1.8% | $94K | $1,771 | 3.5× |
| Mount Vernon city data | $308K | −0.9% | $62K | $1,497 | 5.0× |
| Mount Washington | $419K | +1.5% | $88K | $1,640 | 4.8× |
| Patterson Park ZIP 21224 · shared | $281K | −2.8% | $86K | $1,782 | 3.3× |
| Remington ZIP 21211 · shared | $274K | −1.6% | $81K | $1,577 | 3.4× |
| Roland Park | $522K | +4.1% | $109K | $1,498 | 4.8× |
| Sandtown-Winchester ZIP 21217 · shared | $176K | −7.0% | $37K | $1,065 | 4.7× |
| Station North city data | $308K | −0.9% | $62K | $1,497 | 5.0× |
| West Baltimore | $94K | −6.8% | $42K | $1,110 | 2.2× |
Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.
Patterson Park real estate FAQ
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Estimates are informational only and are not an appraisal.
About this data
Data last updated: September 2026.
Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.
Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.
The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.
Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.
These are area-level statistics, not an appraisal of any individual property, and not financial advice.
Sources: U.S. Census ACS · Zillow ZHVI.