Real Estate Investing in Millington, Maryland (21628)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21628 (Millington, MD)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Higher unemployment: 11.7% unemployment — tenant risk signal.
• 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 Millington, MD (21628)?
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Market Analysis: 21628 Millington
ZIP 21628 in Millington, MD carries a substantial set of headwinds. Home values near $329K and rents of $1,593/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 21628 can be a an appealing option for hunting ground — but the discount at $329K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 21628 among MD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 21628 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 21628, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Millington:
Market Trends
Home Value History (with trend line)
📊 How Does 21628 Compare?
| Metric | 21628 | Millington | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $329,209 | $341,666 | N/A | $424,997 |
| 5-Year CAGR | 4.3% | 4.2% | N/A | 4.9% |
| Avg Rent | $1,593 | $1,593 | N/A | - |
| Cap Rate | 3.8% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21628 (Millington, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $329,209 |
| Monthly Rent | $1,593 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 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 (3.8%). 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 21628
Population: 299
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
How tight is the rental market in Millington, MD?
Vacancy risk in Millington, MD is elevated. That supports consistent cash flow for typical rental holds.
What is the typical rental rate in Millington, MD?
The typical rental in Millington, MD commands about $1,593/mo monthly. That rent profile consistent cash flow against the $329K purchase basis.
What is the tenant pool like in Millington, MD?
The tenant pool in Millington, MD is solid, supported by local employment and population fundamentals. Rents of $1,593/mo are well-absorbed by the market.
Is Millington, MD better for rentals, flips, or BRRRR?
Millington, MD investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($329K prices, $1,593/mo rents) make it a reasonable choice.
Is real estate in Millington, MD a good investment right now?
Millington, MD scores 3.0/5 for investability. Home values sit at $329K and rents near $1,593/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 21628 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21628 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 21628 ranks in Baltimore-Columbia-Towson, MD
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