Real Estate Investing in Ewell, Maryland (21824)
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Should you buy in 21824 (Ewell, MD)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.6% of homes vacant — above national norms.
• 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 Ewell, MD (21824)?
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Market Analysis: 21824 Ewell
ZIP 21824 offers what many appreciation markets cannot: an affordable basis at $102K and rent support of $1,053/mo for rehab-driven equity creation in Somerset County.
The worth a close look for angle here is forced equity, not market equity. ZIP 21824 rewards investors who can execute on scope, timeline, and tenant turnover.
Regionally, 21824 sits on the affordable end of the Somerset County map. Meanwhile, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
The a credible choice for angle on demographics here is renter willingness to pay a premium for renovated product. The 17% rental share provides scale for the strategy.
Flippers with local expertise can do well in 21824. Out-of-state investors should partner with boots-on-the-ground operators or skip the ZIP entirely.
Here's what matters if you're considering buying a home in Ewell:
Market Trends
Home Value History (with trend line)
📊 How Does 21824 Compare?
| Metric | 21824 | Ewell | Salisbury, MD-DE | Maryland |
|---|---|---|---|---|
| Home Value | $102,259 | $102,259 | N/A | $424,997 |
| 5-Year CAGR | N/A | N/A | N/A | 4.9% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 8.0% | 8.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21824 (Ewell, MD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $102,259 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 8.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.4% |
| Cap Rate | 8.0% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.0%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 21824
Population: 234
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
Frequently Asked Questions
How much rent can I charge in Ewell, MD?
The typical rental in Ewell, MD commands about $1,053/mo monthly. That rent profile stable cash flow against the $102K purchase basis.
Can investors hit the 1% rule in Ewell, MD?
The 1% rule is solid territory for Ewell, MD. Rent-to-price at the median is 1.03%, putting many properties within striking distance.
How much does a house cost in Ewell, MD?
Ewell, MD median home values land near $102K. That is reasonable territory for investors looking at $1,053/mo-per-month rentals.
Are there BRRRR deals in Ewell, MD?
Yes - BRRRR is a strong in Ewell, MD. The $102K home values and $1,053/mo rents anchor the refinance math.
What is the best play in Ewell, MD?
A value-add and BRRRR deals strategy Ewell, MD best. The market produces even-keeled results for that approach at the $102K price point.
You know 21824 now. You don’t know where it ranks.
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How 21824 ranks in Salisbury, MD-DE
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