Real Estate Investing in Deal Island, Maryland (21821)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21821 (Deal Island, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 52.0% of homes vacant — above national norms.
• 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 Deal Island, MD (21821)?
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Market Analysis: 21821 Deal Island
ZIP 21821 inside Somerset looks affordable on the surface — median value of $208K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $208K asset, 21821 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within MD, ZIP 21821 trails on several market indicators that neighboring Somerset submarkets outperform. The gap is real and healthy enough to shape underwriting.
The demographic picture in 21821 includes headwinds that any investor should price in. Income distribution skews lower than Deal Island averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Deal Island:
Market Trends
Home Value History (with trend line)
📊 How Does 21821 Compare?
| Metric | 21821 | Deal Island | Maryland |
|---|---|---|---|
| Home Value | $208,477 | $208,477 | $424,997 |
| 5-Year CAGR | 4.3% | 4.3% | 4.9% |
| Avg Rent | $1,296 | $1,296 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21821 (Deal Island, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $208,477 |
| Monthly Rent | $1,296 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (4.9%). 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 21821
Population: 736
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 21821
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
Frequently Asked Questions
Is vacancy a concern in Deal Island, MD?
Rental vacancy in Deal Island, MD is elevated. Investors should budget normal turnover but not chronic empty units.
What is it like being a landlord in Deal Island, MD?
MD law landlord-friendly for landlords, and Deal Island inherits those rules. Investors should still review local ordinances for rental licensing.
How much is rent in Deal Island, MD?
Deal Island, MD rentals go for roughly $1,296/mo a month. That puts gross yield in solid territory relative to $208K acquisition costs.
Does a duplex house hack pencil in Deal Island, MD?
For house hackers, Deal Island, MD is a challenging. The $1,296/mo rent on a unit helps defray the mortgage on a $208K property.
Is Deal Island, MD a good place for real estate investing?
Yes - Deal Island, MD a 3.0/5 investability score. With $208K home prices against $1,296/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 21821 now. You don’t know where it ranks.
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