Real Estate Investing in Annapolis, Maryland (21405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21405 (Annapolis, MD)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 33.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 57.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Annapolis, MD (21405)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21405 Annapolis
This part of Anne Arundel County is not an easy win. The 21405 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Stepping back, the numbers look inviting — $1.6M purchase price, 0.0% nominal cap — the work to hit that pro forma in 21405 is substantial and deserves full respect.
Regionally, 21405 sits on the difficult end of the MD spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A significant renter share of 0% in 21405 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 Annapolis's stable or hybrid ZIPs before stepping into 21405. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Annapolis:
Market Trends
Home Value History (with trend line)
📊 How Does 21405 Compare?
| Metric | 21405 | Annapolis | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $1,556,756 | $683,435 | N/A | $424,997 |
| 5-Year CAGR | 6.9% | 4.7% | N/A | 4.9% |
| Avg Rent | $2,268 | $2,541 | N/A | - |
| Cap Rate | 1.1% | 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 21405 (Annapolis, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 21405 (Annapolis, MD)?
~25 seconds · no account needed · your report is anonymous
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 | $1,556,756 |
| Monthly Rent | $2,268 |
| Price-to-Rent | 57.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.1% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (1.1%). 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 21405
Population: 426
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 21405
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Germantown Elementary
Monarch Academy Annapolis ES
Mountain View Elementary
Walter S. Mills - Parole Elementary
Wiley H. Bates 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 8,476 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Annapolis, MD make sense for an investment property?
The 3.0/5 investability rating in Annapolis, MD reflects its $1.6M prices and $2,268/mo rents. Investors generally consider it a solid option within MD.
What are home prices like in Annapolis, MD?
The median home value in Annapolis, MD is roughly $1.6M. That puts it reasonable relative to the MD statewide average.
What is the typical vacancy rate in Annapolis, MD?
Annapolis, MD vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What approach is best for Annapolis, MD real estate?
The best-fit strategy in Annapolis, MD is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much is rent in Annapolis, MD?
Rents in Annapolis, MD run near $2,268/mo. Compared with median home prices of $1.6M that produces solid gross yields for typical rentals.
You know 21405 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21405 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 21405 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 21405 (Annapolis)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 21405 (Annapolis, MD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.