Real Estate Investing in Perry Hall, Maryland (21128)
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Should you buy in 21128 (Perry Hall, 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.
What’s happening in Perry Hall, MD (21128)?
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Market Analysis: 21128 Perry Hall
Investors eyeing 21128 need to respect the fundamentals at play. Home values of $447K come alongside slower price movement and elevated management overhead.
The 21128 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Meanwhile, 21128 offers a low basis, the region around Perry Hall has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A sturdy renter share of 16% in 21128 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Perry Hall's stable or hybrid ZIPs before stepping into 21128. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Perry Hall:
Property Strategy for 21128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $312,015 | $1,950 | 4.5% | +6.0% | $156,008 |
| 3BR | $392,791 | $2,480 | 4.5% | +5.4% | $130,930 |
| 4BR | $609,393 | $2,740 | 3.2% | +5.1% | $152,348 |
| 5BR | $711,745 | — | — | +5.0% | $142,349 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21128 Compare?
| Metric | 21128 | Perry Hall | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $447,113 | $447,113 | N/A | $424,997 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 4.9% |
| Avg Rent | $1,710 | $1,710 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 21128 (Perry Hall, MD). Anonymous, moderated, never written by AI.
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Property managers serving Baltimore County
Manage rentals here? List your business →American Community Management provides community association management and HOA services across Maryland, Virginia, and D.C. summary from their website
Melan Property Management delivers proactive property management solutions for multifamily and commercial real estate across Maryland, Washington D.C., and Miami. summary from their website
Tidewater Property Management, Inc. is a family-owned company in the Mid-Atlantic providing full-service HOA, condo, and rental property management for single-family and multifamily properties. 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 | $447,113 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 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 (3.0%). 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 21128
Population: 14,954
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 21128
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Perry Hall Elementary
Fullerton Elementary
Gunpowder Elementary
Vincent Farm Elementary
Perry Hall Middle
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 7,633 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Perry Hall, MD?
Rent in Perry Hall, MD is around $1,710/mo. The resulting rent-to-value relationship with $447K pricing is reasonable for most investor models.
What is the rental occupancy rate in Perry Hall, MD?
Perry Hall, MD carries elevated vacancy risk. Expect reliable absorption at market rents of $1,710/mo.
How strong is Perry Hall, MD for real estate investors?
Yes - Perry Hall, MD a 3.0/5 investability score. With $447K home prices against $1,710/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the best play in Perry Hall, MD?
Investors usually favor careful cash-flow rentals with hands-on management in Perry Hall, MD. With home values at $447K and rents near $1,710/mo, other strategies can work but produce stable rather than outsized returns.
Is it easy to find good tenants in Perry Hall, MD?
Working renters make up the core of the Perry Hall, MD tenant base. The pool is reasonable for investors targeting long-term holds.
You know 21128 now. You don’t know where it ranks.
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How 21128 ranks in Baltimore-Columbia-Towson, MD
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