Real Estate Investing in Henderson, Maryland (21640)
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Should you buy in 21640 (Henderson, MD)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Henderson, MD (21640)?
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Market Analysis: 21640 Henderson
ZIP 21640 inside Caroline County looks affordable on the surface — median value of $402K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 21640 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Stepping back, 21640 offers a low basis, the region around Henderson has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 21640 ZIP's population of 1,251 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 21640 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Henderson:
Market Trends
Home Value History (with trend line)
📊 How Does 21640 Compare?
| Metric | 21640 | Henderson | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $401,988 | $401,988 | N/A | $424,997 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 4.9% |
| Avg Rent | $1,656 | $1,656 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21640 (Henderson, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $401,988 |
| Monthly Rent | $1,656 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.2%). 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 21640
Population: 1,251
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 Henderson, MD a smart market for rental property?
Henderson, MD reports an investability rating of 3.0/5, with median home values near $402K and average rents around $1,656/mo. That combination puts it in the sturdy tier for investor interest.
How strong is tenant demand in Henderson, MD?
Expect a solid tenant pool in Henderson, MD. The rental market absorbs $1,656/mo rents without meaningful friction.
Are there empty rentals in Henderson, MD?
Vacancy risk in Henderson, MD is elevated. That supports predictable cash flow for typical rental holds.
What is the median home value in Henderson, MD?
Henderson, MD home values average about $402K. That price point suits investors targeting rentals with $1,656/mo in monthly income.
How strong are rents in Henderson, MD?
Expect rents around $1,656/mo per month in Henderson, MD. With home values at $402K, the yield math works out to reasonable levels for rental investors.
You know 21640 now. You don’t know where it ranks.
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How 21640 ranks in Baltimore-Columbia-Towson, MD
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