Real Estate Investing in Solomons, Maryland (20688)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 20688 (Solomons, MD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.7% 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 Solomons, MD (20688)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 20688 Solomons
On the rental side, ZIP 20688 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $461K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $461K asset, 20688 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within MD, ZIP 20688 trails on several market indicators that neighboring Calvert County submarkets outperform. The gap is real and robust enough to shape underwriting.
The 20688 ZIP's population of 1,113 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 20688 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Solomons:
Market Trends
Home Value History (with trend line)
📊 How Does 20688 Compare?
| Metric | 20688 | Solomons | Maryland |
|---|---|---|---|
| Home Value | $461,236 | $461,236 | $424,997 |
| 5-Year CAGR | 2.9% | 2.9% | 4.9% |
| Avg Rent | $2,700 | $2,700 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 20688 (Solomons, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 20688 (Solomons, MD)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $461,236 |
| Monthly Rent | $2,700 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 20688
Population: 1,113
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are renters plentiful in Solomons, MD?
The tenant pool in Solomons, MD is solid, supported by local employment and population fundamentals. Rents of $2,700/mo are well-absorbed by the market.
How does Solomons, MD stack up for property investment?
With a 3.0/5 investability score, Solomons, MD ranks as a solid market for rental property investors. Median prices of $461K and rents of $2,700/mo drive the underlying numbers.
Is housing expensive in Solomons, MD?
Expect median prices around $461K in Solomons, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Do rentals sit vacant long in Solomons, MD?
Solomons, MD vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are eviction rules reasonable in Solomons, MD?
Solomons, MD operates under MD law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 20688 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 20688 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 20688 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 20688 (Solomons)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 20688 (Solomons, MD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.