Real Estate Investing in Perryville, Maryland (21903)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21903 (Perryville, 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: 13.2% 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 Perryville, MD (21903)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21903 Perryville
ZIP 21903 inside Cecil County looks affordable on the surface — median value of $354K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 21903 is robust only for operators who understand what they are buying. A $354K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 21903's metrics run below Cecil County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 21903 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 21903 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 Perryville:
Property Strategy for 21903
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,724 | $1,460 | 3.5% | +7.9% | $151,362 |
| 3BR | $324,554 | $1,750 | 3.9% | +7.3% | $108,185 |
| 4BR | $435,216 | $1,950 | 3.2% | +7.2% | $108,804 |
Market Trends
Home Value History (with trend line)
📊 How Does 21903 Compare?
| Metric | 21903 | Perryville | Maryland |
|---|---|---|---|
| Home Value | $353,513 | $353,513 | $424,997 |
| 5-Year CAGR | 4.4% | 4.4% | 4.9% |
| Avg Rent | $1,314 | $1,314 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 21903 (Perryville, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,513 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.9%). 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 21903
Population: 5,679
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 21903
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
Investor Insight: With 2,388 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Perryville, MD for investors?
Perryville, MD rates 3.0/5 for investability. With median values at $354K and rents near $1,314/mo, the market offers reasonable fundamentals for rental investors.
Is housing expensive in Perryville, MD?
Expect median prices around $354K in Perryville, MD. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What is the smart move for investors in Perryville, MD?
A careful cash-flow rentals with hands-on management strategy Perryville, MD best. The market produces stable results for that approach at the $354K price point.
How do landlord-tenant laws work in Perryville, MD?
Landlord-friendliness in Perryville, MD is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What do landlords charge for rent in Perryville, MD?
Investors in Perryville, MD typically see rents near $1,314/mo per month against $354K home values - a solid setup for rental cash flow.
You know 21903 now. You don’t know where it ranks.
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How 21903 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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