Real Estate Investing in Dundalk, Maryland (21222)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21222 (Dundalk, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Dundalk, MD (21222)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21222 Dundalk
Turning to rents, ZIP 21222 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $229K median. It rewards specialists, not generalists.
For an experienced owner, 21222 can be a a viable market for hunting ground — but the discount at $229K reflects genuine risk that outside investors often underestimate.
ZIP 21222's metrics run below Baltimore County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A significant renter share of 38% in 21222 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. durable returns are possible in 21222, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Dundalk:
Property Strategy for 21222
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $197,740 | $1,770 | 6.4% | +7.5% | $98,870 |
| 3BR | $233,817 | $2,280 | 7.0% | +6.5% | $77,939 |
| 4BR | $295,351 | $2,550 | 6.2% | +6.2% | $73,838 |
| 5BR | $342,464 | — | — | +6.4% | $68,493 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21222 Compare?
| Metric | 21222 | Dundalk | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $229,084 | $229,084 | N/A | $424,997 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 4.9% |
| Avg Rent | $1,449 | $1,449 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
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 21222 (Dundalk, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 21222 (Dundalk, MD)?
~25 seconds · no account needed · your report is anonymous
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 | $229,084 |
| Monthly Rent | $1,449 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -5.0% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 21222
Population: 58,935
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 21222
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 5,483 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Dundalk, MD?
The tenant pool in Dundalk, MD is solid, supported by local employment and population fundamentals. Rents of $1,449/mo are well-absorbed by the market.
Should investors consider Dundalk, MD?
With a 3.0/5 investability score, Dundalk, MD ranks as a solid market for rental property investors. Median prices of $229K and rents of $1,449/mo drive the underlying numbers.
Do landlords face vacancy issues in Dundalk, MD?
Rental vacancy in Dundalk, MD is elevated. Investors should budget normal turnover but not chronic empty units.
How strict are landlord regulations in Dundalk, MD?
Rental owners in Dundalk, MD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is housing expensive in Dundalk, MD?
Dundalk, MD median home values land near $229K. That is reasonable territory for investors looking at $1,449/mo-per-month rentals.
You know 21222 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21222 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 21222 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 21222 (Dundalk)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 21222 (Dundalk, MD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.