Baltimore City - Thoughts on stagnant appreciation?

[Emmett Freedman]

I purchased my first single family rental in Baltimore City and am currently looking to purchase a second one a year and a half later. In my opinion it’s a great market to find cashflowing properties and there are definitely deals to be had.

That said, it seems like for the most part of real estate in the city (Federall Hill, Canton, Patterson Park) has not appreciated much in the last 5+ years. How do other Baltimore investors think about that as they look at deals? Does it make the market much less attractive?

I also am very new at this and mostly use Zillow home sale history to assess whether home values have increased, so if I am mistaken about the market’s performance please let me know and I’ll happily be corrected.

Thanks!