Real Estate Investing in Secretary, Maryland (21664)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21664 (Secretary, MD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 13.0% of homes vacant — above national norms.
• 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 Secretary, MD (21664)?
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Market Analysis: 21664 Secretary
Investors eyeing 21664 need to respect the fundamentals at play. Home values of $235K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 21664 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 21664 offers a low basis, the region around Secretary has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 21664 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 21664 is an operator game, not a passive one. Put differently, entry prices of $235K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Secretary:
Market Trends
Home Value History (with trend line)
📊 How Does 21664 Compare?
| Metric | 21664 | Secretary | Cambridge, MD | Maryland |
|---|---|---|---|---|
| Home Value | $234,901 | $234,901 | N/A | $424,997 |
| 5-Year CAGR | N/A | N/A | N/A | 4.9% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21664 (Secretary, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,901 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (3.9%). 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 21664
Population: 598
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 21664
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.
Frequently Asked Questions
Are homes affordable in Secretary, MD?
Secretary, MD home values average about $235K. That price point suits investors targeting rentals with $1,179/mo in monthly income.
How strong is the working-renter base in Secretary, MD?
Tenant demand in Secretary, MD is solid. The local workforce $1,179/mo rents across most rental classes.
Should investors consider Secretary, MD?
With a 2.0/5 investability score, Secretary, MD ranks as a solid market for rental property investors. Median prices of $235K and rents of $1,179/mo drive the underlying numbers.
What kind of vacancy should I budget for in Secretary, MD?
Occupancy in Secretary, MD runs even-keeled with elevated vacancy. Well-priced units at $1,179/mo lease on reasonable timelines.
What does house hacking look like in Secretary, MD?
The a challenging house-hack environment in Secretary, MD reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 21664 now. You don’t know where it ranks.
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How 21664 ranks in Cambridge, MD
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