The story of this market
The typical home in ZIP 21405 sells for about $629,000, or $1,292 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $2,386 a month.
ZIP 21405 — Annapolis
The housing market in 21405 remains stable with low inventory and sustained demand for waterfront properties. Prices have seen modest year-over-year growth, reflecting the area's exclusivity and limited turnover. Market conditions are currently favoring sellers due to the scarcity of available listings.
This ZIP is ideal for affluent retirees, second-home buyers, and those seeking a quiet, amenity-rich waterfront lifestyle, rather than commuters or first-time buyers.
Median prices moved up 2.4% year over year.
Homes spend a median of 35 days on market with 3.0 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 4.1% · poverty 12.1% — 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 2.9%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 21405, 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 in the Annapolis area is generally considered low to moderate, with property crime rates trending consistent with regional averages for Anne Arundel County.
Schools serving the area are part of the Anne Arundel County Public Schools system, which maintains a generally positive reputation for academic performance and student support.
The area is subject to coastal flood risks due to its proximity to the Chesapeake Bay, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by the proximity to the Maryland state capital, the U.S. Naval Academy, and a robust tourism and maritime industry sector.
Property taxes are assessed by Anne Arundel County based on the fair market value of the property, with additional local municipal taxes applicable within the city limits of Annapolis.
Commuters typically rely on US-50 and I-97 for access to the Baltimore and Washington D.C. employment corridors, with travel times varying significantly by peak-hour traffic.
Residents have access to extensive waterfront amenities, including marinas, beaches, and the Sherwood Forest community facilities, alongside proximity to historic downtown Annapolis shopping and dining.
The rental market is characterized by high demand and low vacancy rates, driven by the area's desirability and limited housing inventory.
The local economy is anchored by the U.S. Naval Academy, state government operations in Annapolis, and a strong professional services and tourism sector.
Transportation is heavily reliant on private vehicles, with limited public transit options available directly within the ZIP code.
Development is strictly limited by the established nature of the community and local zoning regulations protecting the waterfront environment.
The Anne Arundel County Office of Finance manages property assessments and tax collections, with reassessments occurring on a triennial cycle.
Parcels are subject to Anne Arundel County property taxes and may be part of specific community-governed special districts for private utility and amenity maintenance.
Property insurance premiums are influenced by the area's coastal location, with flood insurance often required for properties near the Severn River.
Data retrieved from US Census Bureau 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.
Central hub for community events and social gatherings.
Private 9-hole course available to community members.
Provides direct access to the Severn River and Chesapeake Bay.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.