Real Estate Investing in Port Deposit, Maryland (21904)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21904 (Port Deposit, 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: 14.4% 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 Port Deposit, MD (21904)?
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Market Analysis: 21904 Port Deposit
ZIP 21904 inside Cecil County looks affordable on the surface — median value of $407K — but the discount exists for reasons that a careful buyer should understand before committing.
Meanwhile, the numbers look inviting — $407K purchase price, 0.0% nominal cap — the work to hit that pro forma in 21904 is substantial and deserves full respect.
The gap between 21904 and stronger Port Deposit ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Stepping back, 6,401 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
looks to 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 Port Deposit:
Property Strategy for 21904
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $374,737 | $1,880 | 3.6% | +7.3% | $124,912 |
| 4BR | $517,061 | $2,100 | 2.9% | +7.3% | $129,265 |
Market Trends
Home Value History (with trend line)
📊 How Does 21904 Compare?
| Metric | 21904 | Port Deposit | Maryland |
|---|---|---|---|
| Home Value | $407,378 | $407,378 | $424,997 |
| 5-Year CAGR | 4.4% | 4.4% | 4.9% |
| Avg Rent | $1,413 | $1,413 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 21904 (Port Deposit, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $407,378 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 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 (2.7%). 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 21904
Population: 6,401
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 21904
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
Should investors consider Port Deposit, MD?
The 3.0/5 investability rating in Port Deposit, MD reflects its $407K prices and $1,413/mo rents. Investors generally consider it a solid option within MD.
What monthly rent should investors expect in Port Deposit, MD?
Rental rates in Port Deposit, MD average $1,413/mo. Tenant demand and $407K home values make the yield look reasonable by investor standards.
What are vacancy rates like in Port Deposit, MD?
Port Deposit, MD sees elevated vacancy, which is reasonable relative to the broader MD rental market.
Is house hacking profitable in Port Deposit, MD?
House hacking in Port Deposit, MD is reasonable to execute. Prices around $407K and rents of $1,413/mo solid owner-occupant economics.
Are homes affordable in Port Deposit, MD?
Port Deposit, MD home values average about $407K. That price point suits investors targeting rentals with $1,413/mo in monthly income.
You know 21904 now. You don’t know where it ranks.
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How 21904 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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