Real Estate Investing in Waldorf, Maryland (20602)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 20602 (Waldorf, MD)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Waldorf, MD (20602)?
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Market Analysis: 20602 Waldorf
Put differently, ZIP 20602 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $392K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 20602 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 20602 sits on the difficult end of the MD spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
From a cash-flow lens, 29,425 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Waldorf:
Property Strategy for 20602
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $338,495 | $2,090 | 4.4% | +6.6% | $169,247 |
| 3BR | $366,471 | $2,640 | 5.2% | +6.1% | $122,157 |
| 4BR | $434,828 | $3,100 | 5.1% | +5.0% | $108,707 |
| 5BR | $501,743 | — | — | +5.1% | $100,349 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 20602 Compare?
| Metric | 20602 | Waldorf | Maryland |
|---|---|---|---|
| Home Value | $391,554 | $448,671 | $424,997 |
| 5-Year CAGR | 2.5% | 2.3% | 4.9% |
| Avg Rent | $2,472 | $2,596 | - |
| Cap Rate | 4.9% | 4.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 20602 (Waldorf, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $391,554 |
| Monthly Rent | $2,472 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 20602
Population: 29,425
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 20602
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,330 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Waldorf, MD?
In Waldorf, MD the median home value sits at $392K. Against the broader MD market, that reads as reasonable for most investors.
How does Waldorf, MD rate as a rental market?
Waldorf, MD rates 3.0/5 for investability. With median values at $392K and rents near $2,472/mo, the market offers reasonable fundamentals for rental investors.
Does Waldorf, MD favor landlords or tenants?
Rental owners in Waldorf, MD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Does house hacking work in Waldorf, MD?
House hacking in Waldorf, MD is reasonable to execute. Prices around $392K and rents of $2,472/mo solid owner-occupant economics.
Is the tenant base reliable in Waldorf, MD?
Tenant demand in Waldorf, MD is solid. The local workforce $2,472/mo rents across most rental classes.
You know 20602 now. You don’t know where it ranks.
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How 20602 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
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