Real Estate Investing in Paramount-Long Meadow, Maryland (21742)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21742 (Paramount-Long Meadow, 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.
No major risk flags on the data we track.
What’s happening in Paramount-Long Meadow, MD (21742)?
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Market Analysis: 21742 Paramount-Long Meadow
Not every below-median market is a bargain. Paramount-Long Meadow's 21742 ZIP shows signals that favor experienced operators who can absorb the risk $350K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $350K asset, 21742 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 21742 among MD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 21742 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 21742 is an operator game, not a passive one. Turning to rents, entry prices of $350K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Paramount-Long Meadow:
Property Strategy for 21742
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $266,569 | $1,440 | 3.9% | +8.7% | $133,284 |
| 3BR | $324,504 | $1,940 | 4.3% | +7.6% | $108,168 |
| 4BR | $442,214 | $2,170 | 3.5% | +7.4% | $110,554 |
| 5BR | $526,526 | — | — | +7.5% | $105,305 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21742 Compare?
| Metric | 21742 | Paramount-Long Meadow | Maryland |
|---|---|---|---|
| Home Value | $349,975 | $349,975 | $424,997 |
| 5-Year CAGR | 4.5% | 4.5% | 4.9% |
| Avg Rent | $1,614 | $1,614 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 21742 (Paramount-Long Meadow, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $349,975 |
| Monthly Rent | $1,614 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 21742
Population: 35,114
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 21742
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 1,384 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Paramount-Long Meadow, MD?
Paramount-Long Meadow, MD vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the typical rental rate in Paramount-Long Meadow, MD?
Investors in Paramount-Long Meadow, MD typically see rents near $1,614/mo per month against $350K home values - a solid setup for rental cash flow.
How much should I expect to pay for a home in Paramount-Long Meadow, MD?
Expect median prices around $350K in Paramount-Long Meadow, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
What is the smart move for investors in Paramount-Long Meadow, MD?
In Paramount-Long Meadow, MD the solid play is typically careful cash-flow rentals with hands-on management. The combination of $350K prices and $1,614/mo rents suits that approach.
How does Paramount-Long Meadow, MD stack up for property investment?
Paramount-Long Meadow, MD reflects an investability rating of 3.0/5, with median home values near $350K and average rents around $1,614/mo. That combination puts it in the sturdy tier for investor interest.
You know 21742 now. You don’t know where it ranks.
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How 21742 ranks in Hagerstown-Martinsburg, MD-WV
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