Real Estate Investing in Mc Henry, Maryland (21541)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21541 (Mc Henry, 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: 61.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 56.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mc Henry, MD (21541)?
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Market Analysis: 21541 Mc Henry
ZIP 21541 inside Garrett County looks affordable on the surface — median value of $634K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 21541 is solid only for operators who understand what they are buying. A $634K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Mc Henry have seen price recovery that 21541 has not matched. Garrett County data supports the view that the spread is structural rather than temporary.
Demographically, 21541 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.
Experienced landlords with local relationships tend to find 21541 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Mc Henry:
Property Strategy for 21541
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $351,044 | $1,040 | 2.1% | +9.9% | $175,522 |
| 3BR | $458,734 | $1,440 | 2.3% | +8.4% | $152,911 |
| 4BR | $752,566 | $1,540 | 1.5% | +7.9% | $188,142 |
| 5BR | $1,083,320 | — | — | +8.8% | $216,664 |
Market Trends
Home Value History (with trend line)
📊 How Does 21541 Compare?
| Metric | 21541 | Mc Henry | Maryland |
|---|---|---|---|
| Home Value | $634,280 | $634,280 | $424,997 |
| 5-Year CAGR | 4.0% | 4.0% | 4.9% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 1.2% | 1.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21541 (Mc Henry, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $634,280 |
| Monthly Rent | $936 |
| Price-to-Rent | 56.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.2% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (1.2%). 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 21541
Population: 1,147
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Mc Henry, MD better for rentals, flips, or BRRRR?
Mc Henry, MD investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($634K prices, $936/mo rents) make it a reasonable choice.
What monthly rent should investors expect in Mc Henry, MD?
Average rent in Mc Henry, MD is approximately $936/mo per month. Against $634K home values that yields a reasonable rent-to-price ratio.
How quickly do rentals get leased in Mc Henry, MD?
Mc Henry, MD carries elevated vacancy risk. Expect stable absorption at market rents of $936/mo.
Is Mc Henry, MD a good market for FHA house hackers?
Mc Henry, MD is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $634K price point reasonable to enter.
How do home values compare in Mc Henry, MD?
In Mc Henry, MD the median home value sits at $634K. Against the broader MD market, that reads as reasonable for most investors.
You know 21541 now. You don’t know where it ranks.
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