Buyers feeling priced out of Washington might want to consider looking for a home in Baltimore. The city 40 miles northeast of downtown D.C. offers more affordable housing options.
Half the homes in Baltimore sold for $140,000 or less in April, according to the most recent data from Bright MLS, formerly MRIS. Meanwhile, the District’s median sale price was $519,950 last month.
To encourage homebuying in Baltimore, Live Baltimore, a nonprofit that promotes the benefits of living in the city, is holding a “Buying into Baltimore” housing fair Saturday from 8:30 a.m. to 2:30 p.m. at Baltimore Polytechnic Institute, 1400 W. Cold Spring Lane, Baltimore, Md.
The fair will have 16 workshops covering such topics as home inspections, preparing your credit and homebuying incentives. Among those participating are neighborhood associations, lenders, real estate agents, insurance and moving companies.
A trolley tour of Baltimore neighborhoods, including Belvedere, Hillen and Original Northwood, will stop at multiple open houses. A tour guide will share information about the neighborhoods.
Those who attend the fair are eligible to receive $5,000 in down payment and closing cost assistance from Baltimore City Housing. For more information on how to become eligible for the down payment incentive, visit the Live Baltimore website or call Baltimore City Housing at 410-396-3124.
Admission to the fair is $10 if you register online. It is $15 at the door. For more details or to register, go to livebaltimore.com.