Real Estate Investing in Swanton, Maryland (21523)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21523 (Swanton, MD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated poverty: 20.0% poverty rate — can affect rent collection.
• 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 Swanton, MD (21523)?
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Market Analysis: 21523 Swanton
ZIP 21523 inside Garrett County looks affordable on the surface — median value of $126K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $873/mo on a $126K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 21523 sits below the stated 0.0% once reality is priced in.
Stepping back, 21523 offers a low basis, the region around Swanton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 21523 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.
The 21523 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 Swanton:
Market Trends
Home Value History (with trend line)
📊 How Does 21523 Compare?
| Metric | 21523 | Swanton | Maryland |
|---|---|---|---|
| Home Value | $125,712 | $359,837 | $424,997 |
| 5-Year CAGR | N/A | 5.3% | 4.9% |
| Avg Rent | $873 | $882 | - |
| Cap Rate | 5.4% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21523 (Swanton, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $125,712 |
| Monthly Rent | $873 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +17.0% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (5.4%). 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 21523
Population: 165
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 21523
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Westernport Elementary
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
Frequently Asked Questions
Are homes affordable in Swanton, MD?
Typical homes in Swanton, MD go for around $126K. The 5-year CAGR of 0.0% stable price movement.
What is the rental occupancy rate in Swanton, MD?
Expect elevated vacancy in Swanton, MD. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
Is Swanton, MD a good market for FHA house hackers?
The house hack math a challenging in Swanton, MD. Owner-occupant buyers benefit from the $873/mo rents and $126K home values.
What is the typical rental rate in Swanton, MD?
Rent in Swanton, MD is around $873/mo. The resulting rent-to-value relationship with $126K pricing is reasonable for most investor models.
How deep is the rental pool in Swanton, MD?
Swanton, MD draws a stable base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
You know 21523 now. You don’t know where it ranks.
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