Real Estate Investing: Homeland, Baltimore with Marc Hayes, Realtor
Homeland is one of Baltimore’s most distinguished neighborhoods, known for its well-preserved architecture, lush green spaces, and a strong sense of community. Established in the early 20th century, Homeland has maintained its reputation as an affluent and stable residential area, making it an attractive location for both homebuyers and investors.
Historical Background
Homeland was developed in the 1920s by the Roland Park Company, known for creating some of Baltimore's most prestigious neighborhoods. The area was designed with a focus on aesthetics, featuring tree-lined streets, landscaped parks, and a variety of architectural styles, including Colonial Revival, Tudor, and Georgian. The neighborhood was added to the National Register of Historic Places in 2001, reflecting its historical and architectural significance.
Boundaries
Homeland is situated in the northern part of Baltimore and is bordered by:
North: Melrose Avenue
South: Cold Spring Lane
East: York Road
West: Charles Street
Demographics
Homeland is characterized by a relatively affluent and educated population. The neighborhood has a diverse demographic profile, with a significant percentage of residents being professionals and retirees. According to recent census data:
Median Household Income: Approximately $110,000, significantly higher than the Baltimore city average.
Educational Attainment: Over 70% of residents hold a bachelor’s degree or higher.
Racial Composition: Predominantly White (around 75%), with African Americans (15%), and other racial and ethnic groups making up the remainder.
Housing Inventory
Homeland is known for its single-family homes, many of which are historic and have been meticulously maintained. The neighborhood offers a variety of architectural styles, with homes typically featuring large lots, well-manicured lawns, and period details.
Total Housing Units: Approximately 1,050 homes
Occupied Housing: Roughly 90% of homes are occupied, with a mix of owner-occupied and rental properties.
Available Housing: As of the most recent data, around 10% of homes are currently on the market. This includes a mix of larger single-family homes and some smaller properties suitable for different buyer profiles.
Corporate Ownership
In recent years, there has been an increase in the number of homes owned by corporations and investment groups such as Blackstone. These entities typically purchase homes for rental purposes, contributing to the rental market in the neighborhood. However, corporate ownership in Homeland remains relatively low, with estimates suggesting that less than 5% of the housing stock is owned by such entities.
Homeland is an excellent neighborhood for both homebuyers and investors seeking long-term stability and growth. Its historic charm, strong community ties, and limited housing inventory create a market that is both competitive and rewarding. #marchayesrwaltor #marchayes #realestateinvestor #realestate #realestatrinvesting #marylandrealestate #baltimorehistory #visitbaltimore
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