Real Estate Investing in Wye Mills, Maryland (21679)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21679 (Wye Mills, 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: 16.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 34.3 — 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 Wye Mills, MD (21679)?
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Market Analysis: 21679 Wye Mills
ZIP 21679 inside Talbot County looks affordable on the surface — median value of $668K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 21679 is robust only for operators who understand what they are buying. A $668K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 21679 sits on the difficult end of the MD spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 21679 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 21679 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wye Mills:
Market Trends
Home Value History (with trend line)
📊 How Does 21679 Compare?
| Metric | 21679 | Wye Mills | Easton, MD | Maryland |
|---|---|---|---|---|
| Home Value | $667,595 | $667,595 | N/A | $424,997 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 4.9% |
| Avg Rent | $1,620 | $1,620 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21679 (Wye Mills, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $667,595 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 34.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (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 21679
Population: 332
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 Wye Mills, MD good for landlords?
Wye Mills, MD falls under MD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What does house hacking look like in Wye Mills, MD?
For house hackers, Wye Mills, MD is a challenging. The $1,620/mo rent on a unit helps defray the mortgage on a $668K property.
What is the typical renter like in Wye Mills, MD?
Wye Mills, MD offers a steady renter base at the $1,620/mo rent level. Tenant turnover is reasonable for well-managed properties.
What are rental rates like in Wye Mills, MD?
Average rent in Wye Mills, MD is approximately $1,620/mo per month. Against $668K home values that yields a reasonable rent-to-price ratio.
What price range are homes in Wye Mills, MD?
The median home value in Wye Mills, MD is roughly $668K. That puts it reasonable relative to the MD statewide average.
You know 21679 now. You don’t know where it ranks.
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How 21679 ranks in Easton, MD
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