What is the Best Neighborhoods USA ranking for Penn North?
Penn North is ranked #195 of 235 eligible neighborhoods in Baltimore; #233 of 273 eligible neighborhoods in MD; and #14,130 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Penn North
Baltimore, MD | Baltimore City
Scored premium profile
Best Neighborhoods USA Index
25.6
Stability and Strength
10.0
Value Opportunity
29.8
Momentum
44.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Baltimore, MD |
| County | Baltimore City |
| National rank | #14,130 of 14,967 |
| State rank | #233 of 273 |
| City rank | #195 of 235 |
| County rank | #195 of 235 |
| National percentile | 5.6 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $79,634 |
| Year-over-year home value change | 1.7% |
| Month-over-month home value change | -0.80% |
| Home value to income ratio | 4.40 |
| Median household income | $18,087 |
| Bachelor's degree or higher | 11.5% |
| Civilian unemployment rate | 9.4% |
| Homeownership rate | 21.3% |
| Housing vacancy rate | 35.6% |
| Rent burden 30% or higher | 60.4% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Penn North
Is Penn North one of the best neighborhoods in Baltimore?
Penn North has a Best Neighborhoods USA Index of 25.6 and a city ranking of #195 of 235 eligible neighborhoods in Baltimore.
How much are homes worth in Penn North?
The current Zillow Home Value Index for Penn North is approximately $79,634.
Are home values rising or falling in Penn North?
Zillow neighborhood values changed 1.7% year over year and -0.80% month over month.
What is the Neighborhood Momentum Score for Penn North?
Penn North has a Neighborhood Momentum Score of 44.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Penn North?
The NDS-derived neighborhood median household income is approximately $18,087.
How affordable is Penn North relative to household income?
The current Zillow home-value-to-household-income ratio is 4.40. Price-to-income affordability is a major Value Opportunity input.
Is Penn North primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 21.3%.
What is the unemployment rate in Penn North?
The NDS-derived civilian unemployment rate is approximately 9.4%.
How educated are residents of Penn North?
Approximately 11.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Penn North face high rent burden?
Approximately 60.4% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Penn North?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications57
Estimated originations26
Home-purchase applications29
Origination rate44.9%
Home-purchase share50.5%
Average application loan$178,345
Total application loan amount$10,189,833
National application rank#6,709 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -10.4% YoY; originations 4.2% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.