Real Estate Investing in Annapolis, Maryland (21401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21401 (Annapolis, MD)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Annapolis, MD (21401)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21401 Annapolis
Stepping back, ZIP 21401 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $631K median. It rewards specialists, not generalists.
For an experienced owner, 21401 can be a a credible choice for hunting ground — but the discount at $631K reflects genuine risk that outside investors often underestimate.
Regionally, 21401 sits on the difficult end of the MD spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 21401 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 21401 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 Annapolis:
Property Strategy for 21401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $367,463 | $2,020 | 4.0% | +5.4% | $367,463 |
| 2BR | $443,528 | $2,480 | 4.0% | +6.2% | $221,764 |
| 3BR | $624,225 | $3,150 | 3.6% | +5.9% | $208,075 |
| 4BR | $858,548 | $3,490 | 2.9% | +6.7% | $214,637 |
| 5BR | $1,122,072 | — | — | +7.4% | $224,414 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21401 Compare?
| Metric | 21401 | Annapolis | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $630,968 | $683,435 | N/A | $424,997 |
| 5-Year CAGR | 4.1% | 4.7% | N/A | 4.9% |
| Avg Rent | $2,408 | $2,541 | N/A | - |
| Cap Rate | 3.0% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21401 (Annapolis, MD). Anonymous, moderated, never written by AI.
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Property managers serving Anne Arundel 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
Annapolis Property Services offers property management for homes, apartments, and house rentals, including marketing, tenant screening, rent guarantee, and maintenance. summary from their website
J&L Property Management offers back-office support for association needs, including self-managed, on-site, and portfolio-managed communities. 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 | $630,968 |
| Monthly Rent | $2,408 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.1% ▲ |
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 21401
Population: 39,118
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 21401
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 8,476 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Annapolis, MD?
Typical homes in Annapolis, MD go for around $631K. The 5-year CAGR of 0.0% stable price movement.
How landlord-friendly is Annapolis, MD?
Annapolis, MD operates under MD law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
What is the typical renter like in Annapolis, MD?
Annapolis, MD draws a even-keeled base of working renters. Demand at the $2,408/mo rent level is reasonable for standard single-family and small multi rentals.
How tight is the rental market in Annapolis, MD?
Expect elevated vacancy in Annapolis, MD. Rents at $2,408/mo are absorbed by the tenant base without meaningful lag.
Is house hacking profitable in Annapolis, MD?
Annapolis, MD offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,408/mo rent level.
You know 21401 now. You don’t know where it ranks.
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How 21401 ranks in Baltimore-Columbia-Towson, MD
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