Real Estate Investing in Annapolis, Maryland (21409)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21409 (Annapolis, MD)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Annapolis, MD (21409)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21409 Annapolis
From a cash-flow lens, ZIP 21409 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $603K median. It rewards specialists, not generalists.
The investment case in 21409 is resilient only for operators who understand what they are buying. A $603K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Annapolis have seen price recovery that 21409 has not matched. Anne Arundel County data supports the view that the spread is structural rather than temporary.
Demographically, 21409 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.
Distressed ZIPs reward experience. sturdy returns are possible in 21409, 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 Annapolis:
Property Strategy for 21409
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $462,515 | $2,620 | 4.1% | +5.1% | $231,257 |
| 3BR | $500,491 | $3,330 | 4.8% | +5.5% | $166,830 |
| 4BR | $693,365 | $3,700 | 3.8% | +5.7% | $173,341 |
| 5BR | $1,036,763 | — | — | +7.1% | $207,353 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21409 Compare?
| Metric | 21409 | Annapolis | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $602,779 | $683,435 | N/A | $424,997 |
| 5-Year CAGR | 3.4% | 4.7% | N/A | 4.9% |
| Avg Rent | $3,256 | $2,541 | N/A | - |
| Cap Rate | 4.2% | 2.8% | - | - |
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 21409 (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 | $602,779 |
| Monthly Rent | $3,256 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (4.2%). 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 21409
Population: 20,175
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 21409
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 8,156 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Annapolis, MD?
The median home value in Annapolis, MD is roughly $603K. That puts it reasonable relative to the MD statewide average.
Is Annapolis, MD a friendly market for rental owners?
Landlord-friendliness in Annapolis, MD is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are there empty rentals in Annapolis, MD?
Rental vacancy in Annapolis, MD is elevated. Investors should budget normal turnover but not chronic empty units.
Is Annapolis, MD good for house hacking?
House hacking in Annapolis, MD is reasonable to execute. Prices around $603K and rents of $3,256/mo solid owner-occupant economics.
Are tenants stable in Annapolis, MD?
The renter base in Annapolis, MD is reasonable for the $3,256/mo price point. Screening well and pricing to market typically yields measured tenants.
You know 21409 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21409 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 21409 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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