Home Insurance in Baltimore, Maryland
With a median home value of $229,600, Baltimore is close to the Baltimore city median.
The typical home in Baltimore was built around 1947. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 67% of homes were built before 1960, in line with Baltimore city (67%).
In Baltimore, the housing stock is 65% single-family homes and 25% apartments in buildings with 5+ units.
68% of owner-occupied homes in Baltimore carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 48% of occupied homes in Baltimore are owner-occupied.
Most homes in Baltimore - 62% - are primarily heated with natural gas.
What's the biggest home insurance risk near Baltimore? FEMA's National Risk Index points to winter weather (Very High) in Baltimore city and Baltimore city had 3,287 active NFIP flood policies as of September 2026. See the full Baltimore city home insurance overview for all FEMA hazard ratings and flood coverage details.
In Maryland, the statewide average premium for a standard HO-3 homeowners policy is $1,578 per year (NAIC, 2023 data).
Key figures
| Median home value | $229,600 |
|---|---|
| Median year built | 1947 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Baltimore city | 3,287 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)