Real Estate Investing in Friendsville, Maryland (21531)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21531 (Friendsville, MD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 23.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Friendsville, MD (21531)?
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Market Analysis: 21531 Friendsville
This part of Garrett County is not an easy win. The 21531 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 21531 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 21531 and stronger Friendsville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 21531 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.
New investors are better served looking at Friendsville's stable or hybrid ZIPs before stepping into 21531. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Friendsville:
Market Trends
Home Value History (with trend line)
📊 How Does 21531 Compare?
| Metric | 21531 | Friendsville | Maryland |
|---|---|---|---|
| Home Value | $225,574 | $225,574 | $424,997 |
| 5-Year CAGR | 3.5% | 3.5% | 4.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21531 (Friendsville, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,574 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (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 21531
Population: 2,346
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 21531
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
Frequently Asked Questions
What are home prices like in Friendsville, MD?
Median home price in Friendsville, MD is near $226K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
What monthly rent should investors expect in Friendsville, MD?
Rental rates in Friendsville, MD average $873/mo. Tenant demand and $226K home values make the yield look reasonable by investor standards.
Are there empty rentals in Friendsville, MD?
Vacancy in Friendsville, MD is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
What is it like being a landlord in Friendsville, MD?
MD ranks as a landlord-friendly state for landlord-tenant law. Friendsville generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is tenant demand in Friendsville, MD?
Friendsville, MD draws a steady base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
You know 21531 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21531 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.
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Community Ratings
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