Real Estate Investing in Kennedyville, Maryland (21645)
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Should you buy in 21645 (Kennedyville, MD)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.7 — 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 Kennedyville, MD (21645)?
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Market Analysis: 21645 Kennedyville
On balance, ZIP 21645 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $563K median. It rewards specialists, not generalists.
Rent of $1,395/mo on a $563K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 21645 sits below the stated 0.0% once reality is priced in.
In the broader MD picture, 21645 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 21645 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 21645 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 Kennedyville:
Market Trends
Home Value History (with trend line)
📊 How Does 21645 Compare?
| Metric | 21645 | Kennedyville | Maryland |
|---|---|---|---|
| Home Value | $563,231 | $436,206 | $424,997 |
| 5-Year CAGR | 4.1% | 4.1% | 4.9% |
| Avg Rent | $1,395 | $1,260 | - |
| Cap Rate | 1.9% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21645 (Kennedyville, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $563,231 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 33.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (1.9%). 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 21645
Population: 872
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 real estate in Kennedyville, MD a good investment right now?
Our data puts Kennedyville, MD at 3.0/5 for investability. Home prices of $563K and rents around $1,395/mo create a solid backdrop for investor activity.
Can owner-occupants cash flow in Kennedyville, MD?
House hacking in Kennedyville, MD is a challenging. With home values around $563K and rents at $1,395/mo, owner-occupants can offset a meaningful share of PITI.
What is the typical vacancy rate in Kennedyville, MD?
Rental vacancy in Kennedyville, MD is elevated. Investors should budget normal turnover but not chronic empty units.
Which real estate strategy fits Kennedyville, MD?
For Kennedyville, MD, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong are rents in Kennedyville, MD?
Rent in Kennedyville, MD is around $1,395/mo. The resulting rent-to-value relationship with $563K pricing is reasonable for most investor models.
You know 21645 now. You don’t know where it ranks.
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