Real Estate Investing in Sharptown, Maryland (21861)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21861 (Sharptown, MD)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
• 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 Sharptown, MD (21861)?
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Market Analysis: 21861 Sharptown
The 21861 ZIP in Sharptown, MD is a local-operator market. Outside capital chasing a $224K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 21861 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 21861's metrics run below Wicomico County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 21861 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.
The 21861 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Sharptown:
Market Trends
Home Value History (with trend line)
📊 How Does 21861 Compare?
| Metric | 21861 | Sharptown | Salisbury, MD-DE | Maryland |
|---|---|---|---|---|
| Home Value | $224,039 | $224,039 | N/A | $424,997 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 4.9% |
| Avg Rent | $1,215 | $1,215 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21861 (Sharptown, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,039 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (4.2%). 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 21861
Population: 806
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
Frequently Asked Questions
What is the typical home price in Sharptown, MD?
Homes in Sharptown, MD typically sell near $224K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Where do rents currently stand in Sharptown, MD?
Investors in Sharptown, MD typically see rents near $1,215/mo per month against $224K home values - a solid setup for rental cash flow.
What is the renter demographic in Sharptown, MD?
Sharptown, MD offers a even-keeled renter base at the $1,215/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is house hacking profitable in Sharptown, MD?
House hacking works a challenging in Sharptown, MD. Rents of $1,215/mo against $224K acquisition make the strategy solid for owner-occupants.
Which real estate strategy fits Sharptown, MD?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Sharptown, MD. The numbers - $224K homes against $1,215/mo rents - support that play.
You know 21861 now. You don’t know where it ranks.
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How 21861 ranks in Salisbury, MD-DE
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