Real Estate Investing in Clear Spring, Maryland (21722)
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Should you buy in 21722 (Clear Spring, MD)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 30.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clear Spring, MD (21722)?
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Market Analysis: 21722 Clear Spring
Investors eyeing 21722 need to respect the fundamentals at play. Home values of $373K come alongside slower price movement and elevated management overhead.
The 21722 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader MD picture, 21722 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 21722 ZIP's population of 6,918 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
New investors are better served looking at Clear Spring's stable or hybrid ZIPs before stepping into 21722. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Clear Spring:
Property Strategy for 21722
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $358,445 | $1,540 | 3.1% | +7.4% | $119,482 |
| 4BR | $453,799 | $1,720 | 2.7% | +7.2% | $113,450 |
Market Trends
Home Value History (with trend line)
📊 How Does 21722 Compare?
| Metric | 21722 | Clear Spring | Maryland |
|---|---|---|---|
| Home Value | $372,692 | $361,117 | $424,997 |
| 5-Year CAGR | 4.1% | 4.1% | 4.9% |
| Avg Rent | $1,008 | $1,026 | - |
| Cap Rate | 2.1% | 2.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21722 (Clear Spring, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $372,692 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 30.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.1%). 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 21722
Population: 6,918
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 21722
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
Investor Insight: With 1,347 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Clear Spring, MD make sense for an investment property?
With a 3.0/5 investability score, Clear Spring, MD ranks as a solid market for rental property investors. Median prices of $373K and rents of $1,008/mo drive the underlying numbers.
What is the average monthly rent in Clear Spring, MD?
Rent in Clear Spring, MD is around $1,008/mo. The resulting rent-to-value relationship with $373K pricing is reasonable for most investor models.
What is the median home value in Clear Spring, MD?
Expect median prices around $373K in Clear Spring, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How qualified is the tenant pool in Clear Spring, MD?
The tenant pool in Clear Spring, MD is solid, supported by local employment and population fundamentals. Rents of $1,008/mo are well-absorbed by the market.
What are vacancy rates like in Clear Spring, MD?
Clear Spring, MD sees elevated vacancy, which is reasonable relative to the broader MD rental market.
You know 21722 now. You don’t know where it ranks.
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How 21722 ranks in Hagerstown-Martinsburg, MD-WV
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