Real Estate Investing in Clarksville, Maryland (21029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21029 (Clarksville, MD)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
What’s happening in Clarksville, MD (21029)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21029 Clarksville
ZIP 21029 inside Howard County looks affordable on the surface — median value of $1.1M — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 21029 can be a a viable market for hunting ground — but the discount at $1.1M reflects genuine risk that outside investors often underestimate.
Within MD, ZIP 21029 trails on several market indicators that neighboring Howard County submarkets outperform. The gap is real and durable enough to shape underwriting.
Meanwhile, 13,783 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 21029 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 Clarksville:
Property Strategy for 21029
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $450,684 | $2,790 | 4.5% | +5.7% | $225,342 |
| 3BR | $655,832 | $3,540 | 3.9% | +5.1% | $218,611 |
| 4BR | $1,000,324 | $3,920 | 2.8% | +6.8% | $250,081 |
| 5BR | $1,221,620 | — | — | +7.1% | $244,324 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21029 Compare?
| Metric | 21029 | Clarksville | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $1,065,310 | $1,065,310 | N/A | $424,997 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 4.9% |
| Avg Rent | $3,442 | $3,442 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 21029 (Clarksville, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 21029 (Clarksville, MD)?
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Property managers serving Howard County
Manage rentals here? List your business →Advanced Property Management, Inc. offers residential property management services for condos, townhomes, and single-family homes with no upfront fees or binding contracts. summary from their website
American Community Management provides community association management and HOA services across Maryland, Virginia, and D.C. summary from their website
Iko Community Management provides HOA and community association management services in Columbia, MD and Suburban Maryland. 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 | $1,065,310 |
| Monthly Rent | $3,442 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (2.5%). 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 21029
Population: 13,783
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 21029
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
Investor Insight: With 2,459 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Clarksville, MD?
The median home value in Clarksville, MD is roughly $1.1M. That puts it reasonable relative to the MD statewide average.
What kind of vacancy should I budget for in Clarksville, MD?
Clarksville, MD sees elevated vacancy, which is reasonable relative to the broader MD rental market.
How do experienced investors play Clarksville, MD?
A careful cash-flow rentals with hands-on management strategy Clarksville, MD best. The market produces stable results for that approach at the $1.1M price point.
Can I house hack in Clarksville, MD?
House hacking works a tougher in Clarksville, MD. Rents of $3,442/mo against $1.1M acquisition make the strategy solid for owner-occupants.
Is Clarksville, MD good for landlords?
MD ranks as a landlord-friendly state for landlord-tenant law. Clarksville generally follows the statewide framework, so landlords face reasonable operating rules.
You know 21029 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21029 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 21029 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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