The story of this market
The typical home in ZIP 21402 sells for about $740,713, or $396 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,933 a month.
ZIP 21402 — Annapolis
The 21402 housing market remains stable with high demand for limited inventory, keeping prices elevated. While interest rates have tempered some buyer activity, the area's unique appeal as a historic waterfront community continues to drive consistent interest from both local and regional buyers.
This ZIP is ideal for families and professionals who value historic charm, proximity to the water, and access to the unique cultural and educational amenities of the Annapolis area.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.9% · poverty 1.2% — a stable, low-distress 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 4.8%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 21402, Anne Arundel County, MD
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Annapolis area are generally consistent with regional averages for coastal Maryland cities, with property crime being the primary concern in more densely populated sectors.
Schools serving the 21402 area are part of the Anne Arundel County Public Schools system, which generally maintains a strong reputation for academic performance and college readiness.
The area faces moderate risk from coastal flooding and storm surges due to its proximity to the Chesapeake Bay and Severn River, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by the presence of the U.S. Naval Academy and the state capital's government sector, with ongoing redevelopment projects focused on the downtown waterfront and historic district.
Property taxes are levied by Anne Arundel County and the City of Annapolis; the structure includes a base real property tax rate plus specific assessments for local services and school district funding.
Residents primarily commute via US-50 toward Baltimore or Washington D.C., with travel times heavily dependent on bridge traffic and peak-hour congestion.
The area offers extensive access to the Chesapeake Bay for boating and sailing, alongside numerous historic parks, walking trails, and the vibrant shopping and dining districts of downtown Annapolis.
The rental market is characterized by high demand and low vacancy rates, driven by the transient population associated with the Naval Academy and government employment.
The economy is anchored by the U.S. Naval Academy, state government operations, and a robust tourism and hospitality sector.
The area is served by major highway corridors including US-50 and I-97, with limited public transit options primarily consisting of local bus services.
Development is strictly regulated due to historic preservation requirements, with most new activity focused on infill and adaptive reuse.
The Anne Arundel County assessment office conducts triennial reassessments of all residential properties.
Parcels are subject to Anne Arundel County school and fire/rescue district taxes.
Property insurance premiums are influenced by the area's coastal location and associated flood risk profiles.
Maryland continues to see steady domestic migration, with the Annapolis area attracting professionals from the D.C. metro region.
Maryland is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects.
Data retrieved from data.census.gov ZCTA-level 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.
Historic military institution and major regional anchor.
Central hub for dining, shopping, and maritime activity.
Large regional park with trails, ice skating, and water access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.