Real Estate Investing in Galena, Maryland (21635)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21635 (Galena, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.0% 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 Galena, MD (21635)?
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Market Analysis: 21635 Galena
This part of Kent County is not an easy win. The 21635 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,539/mo on a $426K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 21635 sits below the stated 0.0% once reality is priced in.
Regionally, 21635 sits on the difficult end of the MD spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A durable renter share of 22% in 21635 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Galena's stable or hybrid ZIPs before stepping into 21635. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Galena:
Market Trends
Home Value History (with trend line)
📊 How Does 21635 Compare?
| Metric | 21635 | Galena | Maryland |
|---|---|---|---|
| Home Value | $425,661 | $425,661 | $424,997 |
| 5-Year CAGR | 4.7% | 4.7% | 4.9% |
| Avg Rent | $1,539 | $1,539 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21635 (Galena, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $425,661 |
| Monthly Rent | $1,539 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.8%). 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 21635
Population: 2,200
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 21635
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
How expensive is real estate in Galena, MD?
The median home value in Galena, MD is roughly $426K. That puts it reasonable relative to the MD statewide average.
What are vacancy rates like in Galena, MD?
Galena, MD sees elevated vacancy, which is reasonable relative to the broader MD rental market.
Is Galena, MD good for landlords?
Galena, MD falls under MD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Galena, MD good for house hacking?
The house hack math a challenging in Galena, MD. Owner-occupant buyers benefit from the $1,539/mo rents and $426K home values.
How strong is tenant demand in Galena, MD?
Galena, MD draws a reliable base of working renters. Demand at the $1,539/mo rent level is reasonable for standard single-family and small multi rentals.
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