Real Estate Investing in Fallston, Maryland (21047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21047 (Fallston, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fallston, MD (21047)?
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Market Analysis: 21047 Fallston
This part of Harford County is not an easy win. The 21047 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $578K asset, 21047 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader MD picture, 21047 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 21047 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 21047 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 Fallston:
Property Strategy for 21047
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $501,581 | $3,540 | 5.1% | +5.9% | $167,194 |
| 4BR | $620,063 | $3,920 | 4.6% | +5.8% | $155,016 |
| 5BR | $741,296 | — | — | +5.8% | $148,259 |
Market Trends
Home Value History (with trend line)
📊 How Does 21047 Compare?
| Metric | 21047 | Fallston | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $578,141 | $578,141 | N/A | $424,997 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 4.9% |
| Avg Rent | $2,511 | $2,511 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 21047 (Fallston, 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 | $578,141 |
| Monthly Rent | $2,511 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (3.4%). 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 21047
Population: 13,540
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 21047
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 8,547 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Fallston, MD for investors?
With a 3.0/5 investability score, Fallston, MD ranks as a solid market for rental property investors. Median prices of $578K and rents of $2,511/mo drive the underlying numbers.
What are vacancy rates like in Fallston, MD?
Expect elevated vacancy in Fallston, MD. Rents at $2,511/mo are absorbed by the tenant base without meaningful lag.
How do home values compare in Fallston, MD?
Fallston, MD median home values land near $578K. That is reasonable territory for investors looking at $2,511/mo-per-month rentals.
What is the typical renter like in Fallston, MD?
The tenant pool in Fallston, MD is solid, supported by local employment and population fundamentals. Rents of $2,511/mo are well-absorbed by the market.
What is the typical rental rate in Fallston, MD?
Fallston, MD rentals go for roughly $2,511/mo a month. That puts gross yield in solid territory relative to $578K acquisition costs.
You know 21047 now. You don’t know where it ranks.
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How 21047 ranks in Baltimore-Columbia-Towson, MD
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