TOPIC AREA
Housing and Community Development

INDICATOR:

Percent of residential properties that
undergo rehab investment above $5,000

Why is this indicator important in Baltimore City?

The percent of residential properties where rehab investment above $5,000 takes place is an indicator of the interest, demand, and financial ability to invest and/or live in an area for the long term.

In Baltimore, it is important to couple this indicator with others in order to get a more complete idea of what is happening in the area relative to demand.

What has been happening in Baltimore City?

In 2003, 1.63 percent of residential properties had rehab investment above $5,000 (3,236 properties out of 198,497 residential properties). This is up from 2001 when 1.25 percent of residential properties had rehab investment (2,490 properties out of 199,207 total).

Definition:

This indicator reflects the number of residential properties where investment in home improvements, rehabilitation, and maintenance to exterior and interior took place out of all the residential properties in the area.

Calculation considerations:

The indicator reflects the number of properties getting rehabbed, not the amount invested in each property. There could be one property in an area with significant investment costs, however if other homes in the area are not getting investment, then the interest to rehab the entire area is not as high as the value would make it seem.

Data for this indicator are from the construction and building permits filed with the Baltimore City Department of Housing and Community Development for rehab construction with costs estimated above $5,000.

-One building permit is issued per property.
-The trends begin in 2001 since that is the first year of reliable data for this indicator.
-Demolition permits are removed from original permit data for this analysis.
-Permits for work below $5,000 are not reliable and therefore not used for this indicator.

Data source:

Baltimore City Department of Housing and Community Development

Analysis:

Baltimore Neighborhood Indicators Alliance staff

Years tracked:

2000, 2001, 2002, 2003

Geography:

Citywide, CSA, census tract

To access the Indicator:

Download Vital Signs 3

Activate the interactive mapping system

Obtain the Vital Signs by census tract

Download Community Statistical Area profiles

For more information about the Alliance and the Vital Signs, go to the website www.ubalt.edu/bnia.

To find out about your neighborhood, go to the Vital Signs section.

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