Descriptions of Housing Market Typology Map

purple color representing Competitive areasRegional Choice

Neighborhoods in the Regional Choice market category, such as Bellona Gittings,CedarcroftEvergreenLocust PointHomelandKeswick, and Guilford represent competitive housing markets with high owner-occupancy rates and high property values in comparison to all other market types. Foreclosure, vacancy and abandonment rates are low. Market interventions are not necessary in the Regional Choice market, but basic municipal services such as street maintenance are essential to maintaining these markets.

blue color representing emerging areas  Middle Market Choice

Neighborhoods in the Middle Market Choice category, such as Brewers HillDickeyville East Arlington Original NorthwoodHampdenLauravilleRidgely’s DelightTen Hills and Upper Fells Point, have housing prices above the city’s average with strong ownership rates, and low vacancies, but with slightly increased foreclosure rates. Modest incentives and strong neighborhood marketing should keep these communities healthy, with the potential for growth.

yellow color representing transitional areas   Middle Market

Neighborhoods in the Middle Market category, such as Bayview Eastwood Greenmount WestHeritage CrossingKenilworth Park, andWoodbourne Heights, have median sales values  above the City’s average, as well as high homeownership rates. These markets experienced higher foreclosure rates when compared to higher value markets, with slight population loss. Interventions are geared toward aggressive code enforcement, in an effort to move vacant buildings as quickly as possible to rehabilitation, which in turn supports existing homeowners. Significant portions of the Middle Market spectrum are covered by Streamlined Code Enforcement.

orange/pink color representing distressed areas Middle Market Stressed

Neighborhoods in this category, such as Belair-EdisonSaint HelenaGarwyn OaksLakelandUnion Square, and Winston-Govans have slightly lower home sale values than the City’s average, and have not shown significant sales price appreciation. Vacancies and foreclosure rates are high, and the rate of population loss has increased in this market type, according to the 2010 Census data. Based on these market conditions, intervention strategies should support homeowners who may be facing economic hardships due to the national economy. These communities often have under-appreciated assets such as historic housing stock, significant park spaces and choice locations that can serve as building blocks for future revitalization efforts.

orange/pink color representing distressed areas   Stressed

These neighborhoods, which include Broadway EastFranklin SquareGay StreetPenn-NorthRosemont and Shipley Hill, have experienced significant deterioration of the housing stock. This market category contains the highest vacancy rates and the lowest home ownership rates, compared to the other market types.  It also has experienced some of the most substantial population losses in the City during the past decade. Comprehensive housing market inventions should be targeted in this market category, including site assembly, tax increment financing, and concentrated demolitions to create potential for greater public safety and new green amenities. Support for stable residential blocks is also necessary.