Real Estate Investing in Parsonsburg, Maryland (21849)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21849 (Parsonsburg, 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: 15.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parsonsburg, MD (21849)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21849 Parsonsburg
The 21849 ZIP covers a section of Parsonsburg that demands careful diligence. Prices near $317K look accessible, but the work to make a deal cash flow is real.
From an investor standpoint, the numbers look inviting — $317K purchase price, 0.0% nominal cap — the work to hit that pro forma in 21849 is substantial and deserves full respect.
The gap between 21849 and stronger Parsonsburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 21849 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Parsonsburg's stable or hybrid ZIPs before stepping into 21849. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Parsonsburg:
Market Trends
Home Value History (with trend line)
📊 How Does 21849 Compare?
| Metric | 21849 | Parsonsburg | Salisbury, MD-DE | Maryland |
|---|---|---|---|---|
| Home Value | $316,914 | $316,914 | N/A | $424,997 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 4.9% |
| Avg Rent | $1,215 | $1,215 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 21849 (Parsonsburg, MD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 21849 (Parsonsburg, MD)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $316,914 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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 (3.0%). 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 21849
Population: 3,845
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
🎓 Nearby Colleges & Universities
Investor Insight: With 658 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How deep is the rental pool in Parsonsburg, MD?
Parsonsburg, MD draws a reliable base of working renters. Demand at the $1,215/mo rent level is reasonable for standard single-family and small multi rentals.
How strong is Parsonsburg, MD for real estate investors?
Investors tracking Parsonsburg, MD will find a 3.0/5 rating supported by $317K median home values and $1,215/mo rents. That profile suits long-term holders targeting consistent returns.
How expensive is real estate in Parsonsburg, MD?
Homes in Parsonsburg, MD typically sell near $317K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Is house hacking profitable in Parsonsburg, MD?
For house hackers, Parsonsburg, MD is a challenging. The $1,215/mo rent on a unit helps defray the mortgage on a $317K property.
What is the average monthly rent in Parsonsburg, MD?
Investors in Parsonsburg, MD typically see rents near $1,215/mo per month against $317K home values - a solid setup for rental cash flow.
You know 21849 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21849 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 21849 ranks in Salisbury, MD-DE
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 21849 (Parsonsburg)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 21849 (Parsonsburg, MD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.