Real Estate Investing in Princess Anne, Maryland (21853)
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Should you buy in 21853 (Princess Anne, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 24.9% of homes vacant — above national norms.
What’s happening in Princess Anne, MD (21853)?
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Market Analysis: 21853 Princess Anne
ZIP 21853 in Princess Anne, MD carries a substantial set of headwinds. Home values near $228K and rents of $1,368/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 21853 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 21853 sits on the difficult end of the MD spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 21853 ZIP's population of 11,161 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategically, 21853 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Princess Anne:
Property Strategy for 21853
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,084 | $1,170 | 5.5% | +8.4% | $77,042 |
| 3BR | $231,420 | $1,590 | 4.9% | +9.4% | $77,140 |
| 4BR | $303,320 | $1,670 | 4.0% | +7.1% | $75,830 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21853 Compare?
| Metric | 21853 | Princess Anne | Salisbury, MD-DE | Maryland |
|---|---|---|---|---|
| Home Value | $227,663 | $227,663 | N/A | $424,997 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 4.9% |
| Avg Rent | $1,368 | $1,368 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21853 (Princess Anne, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,663 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (4.7%). 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 21853
Population: 11,161
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 21853
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
How should investors approach Princess Anne, MD?
Investors usually favor careful cash-flow rentals with hands-on management in Princess Anne, MD. With home values at $228K and rents near $1,368/mo, other strategies can work but produce predictable rather than outsized returns.
Should investors worry about vacancy in Princess Anne, MD?
Princess Anne, MD carries elevated vacancy risk. Expect consistent absorption at market rents of $1,368/mo.
How much rent can I charge in Princess Anne, MD?
Rental rates in Princess Anne, MD average $1,368/mo. Tenant demand and $228K home values make the yield look reasonable by investor standards.
Is Princess Anne, MD good for landlords?
Princess Anne, MD operates under MD law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
What is the renter demographic in Princess Anne, MD?
The renter base in Princess Anne, MD is reasonable for the $1,368/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 21853 now. You don’t know where it ranks.
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How 21853 ranks in Salisbury, MD-DE
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