Baltimore, Maryland Short-Term Rental Market
Baltimore limits STRs to owner-occupied hosts, and September 2026 shows $199 ADR, 56.2% occupancy, $3,069 monthly revenue.
Quick Answer: Baltimore, Maryland is an active short-term rental market. average occupancy in the Baltimore market area is 56%. average monthly revenue in the Baltimore market area is $3,069. average daily rate in the Baltimore market area is $199. the top operator in the Baltimore market area is Evolve with 89 listings. market score is 62/100 (grade C).
Market data reflects the wider Baltimore market, which covers 8 areas. Regulations, taxes, and permit details below are specific to Baltimore.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Baltimore is a licensed, owner-occupied short-term rental market, and the figures below describe the Baltimore area STR market through September 2026. In September 2026 the average daily rate across all listings was $199, occupancy was 56.2%, and the average listing earned $3,069 for the month. Year over year, ADR rose 3.7% and monthly revenue rose 7.8%, while occupancy slipped 1.9%. That means the revenue gain came from higher prices rather than from more booked nights. Entire homes command $256 per night, and the entire place segment earned $3,833 in the month.
The Baltimore area STR market is large for a city of 568,271 residents. It tracks 5,129 listings by type: 3,695 entire places (72.0%), 1,431 private rooms (27.9%), and 3 shared rooms. By bedroom count, one-bedroom units lead with 2,487 listings, followed by 1,075 two-bedroom, 835 three-bedroom, 462 four-bedroom, and 259 five-bedroom units. On channels, 3,272 listings are on Airbnb, 296 are on Vrbo, and 1,561 appear on both.
Demand draws on roughly 28.5 million annual visitors. Leisure traffic centers on the Inner Harbor and the National Aquarium, while convention and sports business comes from the Baltimore Convention Center, Orioles and Ravens games, the Preakness Stakes, and the CIAA Basketball Tournament. The overall StaySTRA market score is 62.0 out of 100, with seasonality scoring 81.4 and investability 68.6.
Investors should read every number here alongside the licensing rules. Baltimore is not issuing new licenses for unhosted rentals, so absentee owners cannot enter this market through a new license.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 48% |
| Feb | 57% |
| Mar | 59% |
| Apr | 60% |
| May | 64% |
| Jun | 66% |
| Jul | 65% |
| Aug | 63% |
| Sep | 59% |
| Oct | 58% |
| Nov | 54% |
| Dec | 53% |
Month-by-month nightly rates and revenue figures for Baltimore are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Baltimore market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Baltimore market as a whole, which includes Baltimore, so these counts are not Baltimore-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 89 | 2,367 | ★ 4.32 |
| 2 | ITrip Vacations | 79 | 2,400 | ★ 4.90 |
| 3 | Vacasa | 31 | 503 | ★ 4.70 |
| 4 | PMI Annapolis Property Management Company | 28 | 687 | ★ 4.91 |
| 5 | Professional Tourist | 24 | 349 | ★ 3.90 |
What Kind of STR Should I Buy in Baltimore?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Baltimore are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 63.8% |
| vrbo | 5.8% |
| both | 30.4% |
Home Value Trends (Baltimore)
Typical home values, median sale prices, and the 10-year price trend for Baltimore are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Baltimore — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Short-term rentals are permitted in Baltimore, but the rules are strict and enforcement is rated strict. Baltimore City Code Article 15, Subtitle 48 (Ordinance 19-217) defines a short-term rental as a rental of less than 90 consecutive nights. Every STR needs a Short-Term Residential Rental License from the Department of Housing and Community Development. The license costs $200 and is valid for two years.
The property must be the host’s principal residence, deeded in an individual’s name rather than a company or LLC, and free of outstanding code violations. Hosted units, where the owner stays on site during guest stays, may apply for new licenses or renew. Unhosted units may only renew existing licenses, and no new unhosted licenses are being issued. A host may hold at most two licenses: one for the primary residence and one for a secondary unit that meets the pre-December 2018 grandfathering criteria.
Hosts must notify immediate neighbors, provide contact information, and carry a $1,000,000 liability insurance policy. Airbnb collects and remits Baltimore’s 9.5% Hotel Room Tax plus Maryland’s 6% state sales tax. Penalties include fines up to $500 per violation, license revocation, and up to 10 days’ imprisonment. Platforms must report illegal listings to the city. There is no annual night cap beyond the 90 night definition.
As of January 1, 2026, the Strengthening Renters’ Safety Act added stricter inspection and enforcement and raised licensing risk for code non-compliance. Confirm current requirements with DHCD before buying or listing.
Market Comparison
September 2026 occupancy in the Baltimore area STR market was 56.2% and ADR was $199, which puts revenue at $3,069 per month for the average listing.
Tiered pricing tells a different story. Professionally managed listings at $353 and luxury listings at $443 are far above the $199 market average, so well run Baltimore homes can outprice the typical local listing.
The operator base is fragmented. Evolve leads with 89 listings and a 4.3 rating, followed by ITrip Vacations with 79 listings and a 4.9 rating. Vacasa has 31 listings (4.7 rating), PMI Annapolis Property Management Company has 28 (4.9), and Professional Tourist has 24 (3.9). Together the top five manage 251 listings, a small share of the roughly 5,129 tracked in the Baltimore area STR market, so most supply belongs to individual hosts, which fits the owner-occupied licensing rule.
Growth also stands out. Revenue is up 7.8% year over year and ADR is up 3.7%, though occupancy is down 1.9%.
Frequently Asked Questions About Baltimore, Maryland
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How much do Baltimore short-term rentals earn?
Can investors buy a rental property to run as an STR in Baltimore?
What does an STR license cost in Baltimore?
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