Real Estate Investing in Callaway, Maryland (20620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 20620 (Callaway, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Callaway, MD (20620)?
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Market Analysis: 20620 Callaway
This part of Saint Marys County is not an easy win. The 20620 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 20620 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MD, ZIP 20620 trails on several market indicators that neighboring Saint Marys County submarkets outperform. The gap is real and durable enough to shape underwriting.
The demographic picture in 20620 includes headwinds that any investor should price in. Income distribution skews lower than Callaway averages, and tenant stability requires active management.
New investors are better served looking at Callaway's stable or hybrid ZIPs before stepping into 20620. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Callaway:
Market Trends
Home Value History (with trend line)
📊 How Does 20620 Compare?
| Metric | 20620 | Callaway | California-Lexington Park, MD | Maryland |
|---|---|---|---|---|
| Home Value | $440,979 | $440,979 | N/A | $424,997 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 4.9% |
| Avg Rent | $1,485 | $1,485 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 20620 (Callaway, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $440,979 |
| Monthly Rent | $1,485 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (2.6%). 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 20620
Population: 1,160
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 20620
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
George Washington Carver Elementary
Greenview Knolls Elementary
Great Mills High
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
Frequently Asked Questions
How much is rent in Callaway, MD?
Rents in Callaway, MD run near $1,485/mo. Compared with median home prices of $441K that produces solid gross yields for typical rentals.
How do home values compare in Callaway, MD?
In Callaway, MD the median home value sits at $441K. Against the broader MD market, that reads as reasonable for most investors.
What kind of vacancy should I budget for in Callaway, MD?
Occupancy in Callaway, MD runs even-keeled with elevated vacancy. Well-priced units at $1,485/mo lease on reasonable timelines.
Is Callaway, MD good for landlords?
For rental operators, Callaway, MD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Callaway in MD worth investing in?
Investors tracking Callaway, MD will find a 3.0/5 rating supported by $441K median home values and $1,485/mo rents. That profile suits long-term holders targeting measured returns.
You know 20620 now. You don’t know where it ranks.
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How 20620 ranks in California-Lexington Park, MD
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