Real Estate Investing in Great Mills, Maryland (20634)
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Should you buy in 20634 (Great Mills, 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 Great Mills, MD (20634)?
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Market Analysis: 20634 Great Mills
This part of Saint Marys County is not an easy win. The 20634 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $372K purchase price, 0.0% nominal cap — the work to hit that pro forma in 20634 is substantial and deserves full respect.
In the broader MD picture, 20634 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A resilient renter share of 31% in 20634 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Great Mills's stable or hybrid ZIPs before stepping into 20634. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Great Mills:
Property Strategy for 20634
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $238,730 | $1,680 | 5.1% | +7.3% | $119,365 |
| 3BR | $325,824 | $2,070 | 4.6% | +5.9% | $108,608 |
| 4BR | $432,690 | $2,650 | 4.4% | +6.2% | $108,173 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 20634 Compare?
| Metric | 20634 | Great Mills | California-Lexington Park, MD | Maryland |
|---|---|---|---|---|
| Home Value | $372,236 | $372,236 | N/A | $424,997 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 4.9% |
| Avg Rent | $2,206 | $2,206 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 20634 (Great Mills, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $372,236 |
| Monthly Rent | $2,206 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (4.6%). 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 20634
Population: 6,976
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 20634
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
Frequently Asked Questions
How much is rent in Great Mills, MD?
Rents in Great Mills, MD run near $2,206/mo. Compared with median home prices of $372K that produces solid gross yields for typical rentals.
What type of investing works in Great Mills, MD?
A careful cash-flow rentals with hands-on management strategy Great Mills, MD best. The market produces even-keeled results for that approach at the $372K price point.
Does Great Mills, MD make sense for an investment property?
With a 3.0/5 investability score, Great Mills, MD ranks as a solid market for rental property investors. Median prices of $372K and rents of $2,206/mo drive the underlying numbers.
What is the rental occupancy rate in Great Mills, MD?
Occupancy in Great Mills, MD runs consistent with elevated vacancy. Well-priced units at $2,206/mo lease on reasonable timelines.
How strict are landlord regulations in Great Mills, MD?
Rental owners in Great Mills, MD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 20634 now. You don’t know where it ranks.
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How 20634 ranks in California-Lexington Park, MD
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