Real Estate Investing in New Market, Maryland (21774)
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Should you buy in 21774 (New Market, 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 New Market, MD (21774)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21774 New Market
Not every below-median market is a bargain. New Market's 21774 ZIP registers signals that favor experienced operators who can absorb the risk $603K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 21774 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 21774's metrics run below Frederick County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 21774 ZIP's population of 16,515 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
New investors are better served looking at New Market's stable or hybrid ZIPs before stepping into 21774. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Market:
Property Strategy for 21774
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $496,658 | $3,520 | 5.1% | +6.7% | $165,553 |
| 4BR | $665,893 | $4,140 | 4.5% | +7.0% | $166,473 |
| 5BR | $779,376 | — | — | +7.1% | $155,875 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21774 Compare?
| Metric | 21774 | New Market | Maryland |
|---|---|---|---|
| Home Value | $602,819 | $602,819 | $424,997 |
| 5-Year CAGR | 4.1% | 4.1% | 4.9% |
| Avg Rent | $2,663 | $2,663 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 21774 (New Market, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $602,819 |
| Monthly Rent | $2,663 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 21774
Population: 16,515
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 21774
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 767 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are landlord laws favorable in New Market, MD?
MD ranks as a landlord-friendly state for landlord-tenant law. New Market generally follows the statewide framework, so landlords face reasonable operating rules.
How qualified is the tenant pool in New Market, MD?
Tenant quality in New Market, MD ranks as solid. Landlords generally report consistent occupancy at market rents of $2,663/mo.
What are home prices like in New Market, MD?
Expect median prices around $603K in New Market, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is house hacking profitable in New Market, MD?
The house hack math a challenging in New Market, MD. Owner-occupant buyers benefit from the $2,663/mo rents and $603K home values.
Is New Market, MD better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in New Market, MD. With home values at $603K and rents near $2,663/mo, other strategies can work but produce reliable rather than outsized returns.
You know 21774 now. You don’t know where it ranks.
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How 21774 ranks in Washington-Arlington-Alexandria, DC-VA-MD-WV
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