Real Estate Investing in Bishopville, Maryland (21813)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21813 (Bishopville, MD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 40.3 — 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 Bishopville, MD (21813)?
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Market Analysis: 21813 Bishopville
The 21813 ZIP in Bishopville, MD is a local-operator market. Outside capital chasing a $548K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $548K asset, 21813 is the wrong submarket. If the plan prices in friction, the yield can still work.
Meanwhile, 21813 offers a low basis, the region around Bishopville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Stepping back, 2,936 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 21813 is an operator game, not a passive one. From an investor standpoint, entry prices of $548K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bishopville:
Property Strategy for 21813
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $512,978 | $1,750 | 2.5% | +8.0% | $170,993 |
| 4BR | $725,406 | $2,020 | 2.0% | +8.8% | $181,351 |
Market Trends
Home Value History (with trend line)
📊 How Does 21813 Compare?
| Metric | 21813 | Bishopville | Salisbury, MD-DE | Maryland |
|---|---|---|---|---|
| Home Value | $547,886 | $547,886 | N/A | $424,997 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 4.9% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
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 21813 (Bishopville, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $547,886 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 40.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.6% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (1.6%). 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 21813
Population: 2,936
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 21813
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Selbyville Middle School
Showell (Phillip C.) Elementary School
Southern Delaware School of the Arts
Indian River Intensive Learning Center
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
Frequently Asked Questions
Which real estate strategy fits Bishopville, MD?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bishopville, MD. The numbers - $548K homes against $1,134/mo rents - support that play.
How qualified is the tenant pool in Bishopville, MD?
The tenant pool in Bishopville, MD is solid, supported by local employment and population fundamentals. Rents of $1,134/mo are well-absorbed by the market.
How much do tenants pay in Bishopville, MD?
Rent in Bishopville, MD is around $1,134/mo. The resulting rent-to-value relationship with $548K pricing is reasonable for most investor models.
What is the typical vacancy rate in Bishopville, MD?
Occupancy in Bishopville, MD runs reliable with elevated vacancy. Well-priced units at $1,134/mo lease on reasonable timelines.
Is Bishopville, MD good for house hacking?
House hacking in Bishopville, MD is a challenging. With home values around $548K and rents at $1,134/mo, owner-occupants can offset a meaningful share of PITI.
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How 21813 ranks in Salisbury, MD-DE
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