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Baltimore Spotlight: Mount Vernon

Baltimore Spotlight: Mount Vernon

Feb 8th, 2017 by Ari Azarbarzin

One of Baltimore's hippest and culturally vibrant neighborhoods, Mount Vernon attracts students and young professionals drawn to its eclectic mix of boutique shops, gourmet restaurants, trendy bars and nightlife.


Neighborhood events such as book fairs, concerts, and art festivals are held throughout the year, attracting both residents and visitors alike. Mount Vernon is also home to numerous cultural landmarks, including the Meyerhoff Symphony Hall, Lyric Opera House, Peabody Library, Eubie Blake National Jazz Institute, and the original Washington Monument.

Residents also enjoy multiple transportation options, including direct access to major MTA bus lines, Metro lines, Light Rail, John's Hopkins Medical Institution (JHMI) shuttle, and Zipcars. Mount Vernon's central location means residents are also a mere five-minute drive from Downtown Baltimore, Inner Harbor, Little Italy, Camden Yards, Fells Point, and M&T Bank Stadium.

Financial Highlights

    $15.8M - Total sales volume in the Mount Vernon submarket in 2016 (the highest total since 2009)

    $1,235 - Average asking rent per unit as of year-end 2016 (1.2% higher than the five-year average)

    5.9% - Overall vacancy rate in the submarket (2.5% lower than Downtown Baltimore as a whole)

    1.29% - Concessions as percentage of asking rents (equivalent to approximately $16/unit)

Rental Highlights

Average Unit Mixes

    53% - One Bedroom

    23% - Two Bedroom

    22% - Efficiency

    2% - Three Bedroom

Average Rent Per Month

    Efficiency - $824

    One Bedroom - $940

    Two Bedroom - $1,305

    Three Bedroom - $1,988

For more information on Mount Vernon, click HERE to see our full report.

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