No properties matching your criteria were found. Try modifying your search and try again.

Why Live in The Terraces

The Terraces, formerly known as Lexington Terrace, is a revitalized West Baltimore neighborhood offering a mix of housing options close to downtown. The area, which was redeveloped in 1999 through the HOPE VI initiative, features historic brick rowhouses. While many homes are income-restricted rentals, select properties are available for purchase, making it an accessible option for a range of residents. Community resources include the University of Maryland Baltimore Community Engagement Center, which offers free health services, fitness classes and family programs. For daily needs, Lexington Market is about a half-mile away. It features fresh produce, dining options and local vendors. Nearby Perkins Spring Square Park and Harlem Square Park offer green space and recreation. The neighborhood is located near Route 40 and Interstate 83, providing convenient access to commuter routes. Public transit is readily available via CityLink buses and the Lexington Market subway station, which connects residents to downtown and beyond. With upgraded housing, strong community support and proximity to downtown, The Terraces is a practical choice for urban living in Baltimore.

The Terraces, Baltimore, MD Home Prices vs. Nearby Neighborhoods

The Terraces Arlington Cherry Hill Druid Heights
Median Home Price
$104,900
$115,000
$115,000
$129,999
Median Sale Price
$105,500
-44% YoY
$100,000
-25% YoY
$96,500
-39% YoY
$70,000
-59% YoY
Median Single Family Price
$105,500
$110,000
$305,000
$112,500
Total Active Listings
0 listings
15 listings
11 listings
20 listings
Market Conditions
0 Months of Supply
Seller's Market
6 Months of Supply
Buyer's Market
6 Months of Supply
Balanced Market
19 Months of Supply
Buyer's Market

Frequently Asked Questions

Is The Terraces a good place to live?
The Terraces is a good place to live. The Terraces is considered very walkable and bikeable with great transit options. The Terraces has 6 parks for recreational activities.It is very dense in population with 21.0 people per acre and a median age of 34. The average household income is $34,311 which is below the national average. College graduates make up 23.1% of residents. A majority of residents in The Terraces are renters, with 83% of residents renting and 17% of residents owning their home. A local real estate agent serving The Terraces can help you decide if this neighborhood is the right one for you. Learn more on our The Terraces neighborhood guide.
Is The Terraces, MD a safe neighborhood?
The Terraces, MD is less safe than the average neighborhood in the United States. It received a crime score of 9 out of 10.
How much do you need to make to afford a house in The Terraces?
The median home price in The Terraces is $104,900. If you put a 20% down payment of $21,000 and had a 30-year fixed mortgage with an interest rate of 6.66%, your estimated principal and interest payment would be $540 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $23K a year to afford the median home price in The Terraces. Learn how much home you can afford with our Home Affordability Calculator. The average household income in The Terraces is $34K.
What are the best public schools in The Terraces?
The best public schools that serve The Terraces are:
What are the best private schools in The Terraces?
The best private schools that serve The Terraces are:
What are the most popular zip codes in The Terraces, Baltimore, MD?
The most popular zip codes in The Terraces, Baltimore, MD include 21223, 21201, 21230, 21217 and 21202.
What are the most popular neighborhoods near The Terraces, Baltimore, MD?
The most popular neighborhoods near The Terraces, Baltimore, MD are Poppleton, Pigtown, Union Square, Mount Clare and Franklin Square.
Are home prices dropping in The Terraces?
Yes, home prices in The Terraces are down 44% in the last 12 months.
How to Buy a Home How to Finance a Home How to Sell a Home