Baltimore has a particularly high number of steep townhouse-style single-family homes. From my experience of viewing homes in this area for many years, I often find that as people approach retirement, the stairs become the primary reason for considering a move to a condo. Ultimately, the best way to make a decision is to look at the numbers.

The median price of single-family homes in Baltimore City has increased by $14,900 in the past year, reaching $559,900. According to separate research, the average price of single-family homes is around $350,000, while the average price of condos is about $241,950, resulting in a difference of over $100,000 between the two types. The overall median price in the city is $285,000, which is an 11.76 percent increase from the previous year, indicating significant regional variations.

Property taxes are particularly noteworthy in Baltimore. The nominal tax rate for the 2026 fiscal year is $2.248 per $100 of assessed value, the highest in Maryland. Starting July 1, 2026, this will be reduced by one cent, and the city has announced plans to gradually lower the rate for owner-occupants to $1.99. When converted to an effective tax rate based on home value, it is approximately 1.48 percent for the median. If paid before July 31, a 0.5 percent discount is also available.

Additionally, monthly utility bills must be considered. BGE raised its rates effective January 1, 2026, with average electricity costs increasing by $1.07 per month and gas costs by $2.65. A household using about 100 therms has a gas bill totaling around $180, with delivery charges alone accounting for $94. It's worth noting that since Exelon acquired BGE in 2012, gas rates have tripled and electricity rates have nearly doubled. Homes with many stairs require separate heating and cooling for each floor, making these costs feel even more significant.

For tax relief, there is the Homeowners Property Tax Credit for low-income seniors. Those with an income of $60,000 or less and net worth under $200,000 can apply. Starting in the 2026 tax year, a new Age 77 Plus Supplemental Tax Credit has been introduced for those aged 77 and older, with deductions increasing from 25 percent for 77-year-olds to 100 percent for those 80 and older.

Baltimore's unique townhouses often share walls with neighbors, which can lead to issues with roofs or plumbing that affect adjacent homes. Moving to a condo means that the HOA will manage disputes and repair responsibilities related to these shared structures, but it also means paying a monthly HOA fee. Personal homeowners insurance for condos typically covers only the interior, excluding the building's structure, which can result in lower insurance costs compared to single-family homes. However, it's important to remember that these savings are reflected in the HOA fees.

Many people who seek advice due to the stairs initially think only about the profit from selling their home, but as discussions progress, it often becomes clear that the ease of daily movement is a more important criterion. Tax relief and reduced utility costs help support that decision financially.

In summary, for those burdened by stairs in single-family homes, considering the profit from selling, tax relief, and monthly utility savings can make moving to a condo financially advantageous. However, it's crucial not to overlook the new HOA fees in these calculations. Tax rates and relief criteria change annually, so be sure to check the latest guidelines before applying. This article is not investment or legal advice, and consulting a professional before any actual contracts is recommended.