Real Estate Investing in Randallstown, Maryland (21133)
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Should you buy in 21133 (Randallstown, 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 Randallstown, MD (21133)?
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Market Analysis: 21133 Randallstown
The 21133 ZIP in Randallstown, MD is a local-operator market. Outside capital chasing a $370K entry has to pair deep knowledge with the discount.
Rent of $1,479/mo on a $370K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 21133 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 21133 among MD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 21133 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 21133 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 Randallstown:
Property Strategy for 21133
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $342,868 | $2,310 | 4.9% | +6.1% | $114,289 |
| 4BR | $397,074 | $2,560 | 4.6% | +5.5% | $99,268 |
| 5BR | $434,700 | — | — | +5.3% | $86,940 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21133 Compare?
| Metric | 21133 | Randallstown | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $369,862 | $369,862 | N/A | $424,997 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 4.9% |
| Avg Rent | $1,479 | $1,479 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 21133 (Randallstown, 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 | $369,862 |
| Monthly Rent | $1,479 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | -2.4% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 21133
Population: 31,847
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 21133
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 3,641 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Randallstown, MD?
Randallstown, MD median home values land near $370K. That is reasonable territory for investors looking at $1,479/mo-per-month rentals.
How much is rent in Randallstown, MD?
Rents in Randallstown, MD run near $1,479/mo. Compared with median home prices of $370K that produces solid gross yields for typical rentals.
How should investors approach Randallstown, MD?
In Randallstown, MD the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $370K prices and $1,479/mo rents suits that approach.
Is Randallstown, MD good for landlords?
Randallstown, MD falls under MD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How deep is the rental pool in Randallstown, MD?
The tenant pool in Randallstown, MD is solid, supported by local employment and population fundamentals. Rents of $1,479/mo are well-absorbed by the market.
You know 21133 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21133 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 21133 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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