Real Estate Investing in Centreville, Maryland (21617)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21617 (Centreville, 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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.2 — 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 Centreville, MD (21617)?
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Market Analysis: 21617 Centreville
Investors eyeing 21617 need to respect the fundamentals at play. Home values of $540K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 21617 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Centreville have seen price recovery that 21617 has not matched. Queen Annes County data supports the view that the spread is structural rather than temporary.
On balance, 10,614 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 21617 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Centreville:
Property Strategy for 21617
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $359,035 | $1,770 | 3.5% | +6.7% | $179,518 |
| 3BR | $453,984 | $2,280 | 3.6% | +6.6% | $151,328 |
| 4BR | $566,727 | $2,550 | 3.2% | +6.8% | $141,682 |
| 5BR | $633,201 | — | — | +7.3% | $126,640 |
Market Trends
Home Value History (with trend line)
📊 How Does 21617 Compare?
| Metric | 21617 | Centreville | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $539,693 | $539,693 | N/A | $424,997 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 4.9% |
| Avg Rent | $1,593 | $1,593 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21617 (Centreville, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $539,693 |
| Monthly Rent | $1,593 |
| Price-to-Rent | 28.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.3%). 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 21617
Population: 10,614
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 21617
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
Is housing expensive in Centreville, MD?
Centreville, MD median home values land near $540K. That is reasonable territory for investors looking at $1,593/mo-per-month rentals.
How viable is house hacking in Centreville, MD?
The house hack math a challenging in Centreville, MD. Owner-occupant buyers benefit from the $1,593/mo rents and $540K home values.
Is vacancy a concern in Centreville, MD?
Rental vacancy in Centreville, MD is elevated. Investors should budget normal turnover but not chronic empty units.
Are landlord laws favorable in Centreville, MD?
Rental owners in Centreville, MD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is the working-renter base in Centreville, MD?
The renter base in Centreville, MD is reasonable for the $1,593/mo price point. Screening well and pricing to market typically yields measured tenants.
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How 21617 ranks in Baltimore-Columbia-Towson, MD
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