Real Estate Investing in Edgewood, Maryland (21040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21040 (Edgewood, 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 Edgewood, MD (21040)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21040 Edgewood
ZIP 21040 inside Harford County looks affordable on the surface — median value of $268K — but the discount exists for reasons that a careful buyer should understand before committing.
The 21040 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Edgewood have seen price recovery that 21040 has not matched. Harford County data supports the view that the spread is structural rather than temporary.
The demographic picture in 21040 includes headwinds that any investor should price in. Income distribution skews lower than Edgewood averages, and tenant stability requires active management.
The 21040 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 Edgewood:
Property Strategy for 21040
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,707 | $1,770 | 8.6% | +6.1% | $73,854 |
| 3BR | $266,771 | $2,280 | 6.2% | +7.0% | $88,924 |
| 4BR | $320,282 | $2,550 | 5.7% | +6.0% | $80,070 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21040 Compare?
| Metric | 21040 | Edgewood | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $268,164 | $268,164 | N/A | $424,997 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 4.9% |
| Avg Rent | $1,832 | $1,832 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
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 21040 (Edgewood, MD). Anonymous, moderated, never written by AI.
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Property managers serving Harford County
Manage rentals here? List your business →MRA Property Management, Inc. serves communities by providing property management services for associations. summary from their website
Chesapeake Property Management, Inc. offers full-service property management and real estate services in the Baltimore Metro Area and specific Maryland counties since 1997. summary from their website
Scott Property Management provides property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $268,164 |
| Monthly Rent | $1,832 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +13.2% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 21040
Population: 25,290
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 21040
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Abingdon Elementary
Old Post Road Elementary
William S. James Elementary
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 7,122 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Edgewood, MD?
Edgewood, MD sees elevated vacancy, which is reasonable relative to the broader MD rental market.
Does house hacking work in Edgewood, MD?
Edgewood, MD offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,832/mo rent level.
Is Edgewood, MD a smart market for rental property?
Edgewood, MD scores 3.0/5 for investability. Home values sit at $268K and rents near $1,832/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is rental property easy to operate in Edgewood, MD?
Rental owners in Edgewood, MD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How expensive is real estate in Edgewood, MD?
Edgewood, MD median home values land near $268K. That is reasonable territory for investors looking at $1,832/mo-per-month rentals.
You know 21040 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21040 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 21040 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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