Children and Foreclosures: Baltimore City
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Children and Foreclosures: Baltimore City An Examination of Students Affected by Foreclosure, 2003-2008 Urban Affairs Association 41 st Annual Meeting March 19, 2011. Baltimore City Housing Market. Change in Home Sales: -36% (2000-2009), -60% (2005-2009) Change in Median Sales Price:

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Baltimore City Housing Market

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Baltimore city housing market

Children and Foreclosures: Baltimore CityAn Examination of Students Affected by Foreclosure, 2003-2008Urban Affairs Association 41st Annual MeetingMarch 19, 2011


Baltimore city housing market

Baltimore City Housing Market

  • Change in Home Sales:

    -36% (2000-2009), -60% (2005-2009)

  • Change in Median Sales Price:

    85% (2000-2009), 0% (2007-2009)

  • Median Days on Market:

    17 DOM in 2007, 102 DOM in 2009

  • Vacant Properties:

    8% (2009), 16,400 properties


Baltimore city housing market

Total Filings in 2009: 6,263Percentage of Residential Properties in Foreclosure: 3%Increase in Number of Filings: 19% (2000-2009) 96% (2005-2009)


Baltimore city public schools 2008 2009

Baltimore City Public Schools (2008-2009)

  • Enrollment (grades 1-12):

    79,000 students

    -10% (2004-2005 to 2008-2009)

  • Race/Ethnicity:

    88% African American, 8% white, 3% Hispanic

  • Completion Rate: 81%

  • Dropout Rate: 6%


Baltimore city housing market

2008-2009

2.7% of Public School children affected by foreclosure

(average of 2.4% over study period)Over 5% of Public School students living in Belair-Edison affected by foreclosure 29% of properties in foreclosure are home to a public school student


Baltimore city housing market

2004-2005

2.2% of Public School children affected by foreclosure2.8% of Public School students that changed residential addresses move due to foreclosureBelair-Edison (7.0%)

Lauraville (6.5%)

Morrell Park/Violetville (6.3%)


Baltimore city housing market

2007-2008

1.9% of Public School children affected by foreclosure2.8% of Public School students that changed residential addresses move due to foreclosure

N. Baltimore/Guildford/

Homeland (8.2%)

Morrell Park/Violetville (7.0%)

Forest Park/Walbrook (6.2%)


Conclusions

Conclusions

  • Students Affected by Foreclosure Increasing

  • Students affected by foreclosure now as likely to live in owner-occupied as rental housing

  • Students affected by foreclosure move at a higher rate than non-foreclosed students

  • Students affected by foreclosure and all other movers tend to move to the same neighborhoods

  • Foreclosure was found to be statistically significant factor in residential mobility (regression analysis)

  • Students affected by foreclosure switch schools as frequently as all students


Baltimore city housing market

Matthew Kachura

Program Manger

BNIA-JFI

University of Baltimore

[email protected]

410-837-6651

http://www.bniajfi.org


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