Real Estate Investing in Leonardtown, Maryland (20650)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 20650 (Leonardtown, 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.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
What’s happening in Leonardtown, MD (20650)?
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Market Analysis: 20650 Leonardtown
This part of Saint Marys County is not an easy win. The 20650 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 20650 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 20650's metrics run below Saint Marys County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 20650 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 20650 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Leonardtown:
Property Strategy for 20650
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $321,911 | $1,950 | 4.4% | +5.3% | $160,955 |
| 3BR | $438,019 | $2,410 | 4.0% | +6.1% | $146,006 |
| 4BR | $578,951 | $3,070 | 3.8% | +6.1% | $144,738 |
| 5BR | $651,398 | — | — | +5.5% | $130,280 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 20650 Compare?
| Metric | 20650 | Leonardtown | California-Lexington Park, MD | Maryland |
|---|---|---|---|---|
| Home Value | $536,660 | $536,660 | N/A | $424,997 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 4.9% |
| Avg Rent | $2,213 | $2,213 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 20650 (Leonardtown, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $536,660 |
| Monthly Rent | $2,213 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 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 (3.2%). 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 20650
Population: 15,979
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 20650
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 expensive is real estate in Leonardtown, MD?
Expect median prices around $537K in Leonardtown, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
What is the renter demographic in Leonardtown, MD?
Expect a solid tenant pool in Leonardtown, MD. The rental market absorbs $2,213/mo rents without meaningful friction.
How high is vacancy risk in Leonardtown, MD?
Occupancy in Leonardtown, MD runs reliable with elevated vacancy. Well-priced units at $2,213/mo lease on reasonable timelines.
Are landlord laws favorable in Leonardtown, MD?
MD ranks as a landlord-friendly state for landlord-tenant law. Leonardtown generally follows the statewide framework, so landlords face reasonable operating rules.
Is Leonardtown in MD worth investing in?
With a 3.0/5 investability score, Leonardtown, MD ranks as a solid market for rental property investors. Median prices of $537K and rents of $2,213/mo drive the underlying numbers.
You know 20650 now. You don’t know where it ranks.
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How 20650 ranks in California-Lexington Park, MD
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