The story of this market
The typical home in ZIP 21613 sells for about $261,885, or $174 per square foot.
Prices are up +72.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,742 a month.
ZIP 21613 — Cambridge
The housing market in 21613 is characterized by slow activity and moderate price growth, with a median home value of $261,885. High inventory relative to sales pace and significant flood risk insurance considerations are primary drivers of current market conditions. The area remains an affordable option compared to broader Maryland averages, though economic growth remains limited.
This ZIP is suitable for retirees, budget-conscious families, and investors seeking waterfront access or affordable housing options in a rural, historic setting.
Median prices moved up 72.1% year over year.
Homes spend a median of 92 days on market with 4.4 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 16.8% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 21613, Dorchester County MD
The area is served by Dorchester County Public Schools, which generally face challenges typical of rural, lower-income districts in the region.
The ZIP is highly susceptible to flood risks due to its extensive water frontage on the Chesapeake Bay and Choptank River, leading to significant insurance considerations.
Economic momentum is modest, anchored by local government, healthcare, and tourism, with limited large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maryland) — Maryland Real Property Assessment and Taxation: Property is assessed at its phased-in use value. The tax is calculated by multiplying the assessed value by the applicable state and local tax rates.
Commuting is primarily car-dependent, with residents traveling toward local employment hubs in Cambridge or longer distances toward the Salisbury or Annapolis areas.
The area features extensive waterfront access, including marinas and parks along the Choptank River, with local shopping and dining concentrated in historic downtown Cambridge.
The rental market is characterized by a high share of renter-occupied housing and significant demand for affordable units, with a gross cap rate of approximately 7.98%.
The economy is driven by healthcare, local government, and tourism, with a significant portion of the workforce employed in management and service sectors.
Transportation is dominated by highway access via US-50, which serves as the primary corridor for regional travel.
Development is focused on small-scale residential infill and potential waterfront revitalization projects.
The Dorchester County assessment office conducts periodic reassessments of real property for tax purposes.
Parcels are subject to county and municipal tax districts, with specific utility service areas for water and sewer.
Property insurance premiums are elevated due to the high flood risk associated with the Chesapeake Bay geography.
Data retrieved from Census Bureau DP02-DP05 tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Major waterway providing boating, fishing, and scenic views.
Historic district with local restaurants and retail.
Waterfront park area serving the community.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 30.4% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.