Real Estate Investing in Fishing Creek, Maryland (21634)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21634 (Fishing Creek, 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: 46.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• 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 Fishing Creek, MD (21634)?
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Market Analysis: 21634 Fishing Creek
ZIP 21634 in Fishing Creek, MD carries a solid set of headwinds. Home values near $309K and rents of $1,026/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $309K purchase price, 0.0% nominal cap — the work to hit that pro forma in 21634 is substantial and deserves full respect.
Statewide comparisons place 21634 among MD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 21634 includes headwinds that any investor should price in. Income distribution skews lower than Fishing Creek averages, and tenant stability requires active management.
Strategy in 21634 is an operator game, not a passive one. On balance, entry prices of $309K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Fishing Creek:
Market Trends
Home Value History (with trend line)
📊 How Does 21634 Compare?
| Metric | 21634 | Fishing Creek | Cambridge, MD | Maryland |
|---|---|---|---|---|
| Home Value | $308,747 | $308,747 | N/A | $424,997 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 4.9% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21634 (Fishing Creek, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $308,747 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (2.6%). 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 21634
Population: 394
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
What kind of vacancy should I budget for in Fishing Creek, MD?
Vacancy in Fishing Creek, MD is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,026/mo.
How much do tenants pay in Fishing Creek, MD?
Fishing Creek, MD rentals go for roughly $1,026/mo a month. That puts gross yield in solid territory relative to $309K acquisition costs.
How much does a house cost in Fishing Creek, MD?
Expect median prices around $309K in Fishing Creek, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How do landlord-tenant laws work in Fishing Creek, MD?
Fishing Creek, MD falls under MD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How do experienced investors play Fishing Creek, MD?
Investors usually favor careful cash-flow rentals with hands-on management in Fishing Creek, MD. With home values at $309K and rents near $1,026/mo, other strategies can work but produce predictable rather than outsized returns.
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