How much is a home worth in ZIP code 21037?

The typical home in 21037 is worth $581,847, based on the Zillow Home Value Index.

Are home values rising in 21037?

Home values in 21037 are up 0.9% over the past year, and up 3.6% a year over five years.

What is the typical rent in 21037?

A typical home in 21037 rents for about $3,150 a month, a gross rental yield of 6.5%.

What is the property tax rate in 21037?

The effective property tax rate in 21037 is 0.8% — roughly $4,582 a year on a typical home.

ZIP code 21037 has a population of 20,854 and a median household income of $145,787.

HousingHandbookReference data

…

U.S. ZIP Code · MD21037

Anne Arundel County · Baltimore-Columbia-Towson, MD

Typical home value

$581,847^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.9%
5-year / yr: +3.6%
10-year / yr: +3.8%

Relative price

vs U.S.: +104.8%
vs metro: +19.3%
vs state: +29.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 21037 is worth $581,847 — 19.3% above the Baltimore-Columbia-Towson, MD median. Over the past year, values have risen 0.9%. Homes here rent for a typical $3,150 a month — a 6.5% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $3,150^[2]
Gross yield: 6.5%^[2]
Cap rate: 3.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,582^[3]

#Climate risk

FEMA National Risk Index ratings for Anne Arundel County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 20,854^[3]
Median household income: $145,787^[3]

#Migration

Household moves in and out of Anne Arundel County over a year, from IRS tax-return data.

Net migration: -788^[5]
Moved in: 18,609
Moved out: 19,397

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 3
Middle: 1
High: 2

South River High
High · Grades 9–12 · Anne Arundel County Public Schools
1,634 students
Central Middle
Middle · Grades 6–8 · Anne Arundel County Public Schools
1,257 students
Central Elementary
Elementary · Grades K–5 · Anne Arundel County Public Schools
580 students
Edgewater Elementary
Elementary · Grades PK–5 · Anne Arundel County Public Schools
554 students
Mayo Elementary
Elementary · Grades PK–5 · Anne Arundel County Public Schools
348 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.5%

Net yield (after ~40% expenses)3.9%

Annual rent$37,800

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,942

Loan principal$465,477

Down payment$116,369

Total interest paid$593,691

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.21

Monthly cost to own$3,810

Monthly rent$3,150

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 35th percentile^[1]
Rental yield: 59th percentile^[2]
Property tax: 17th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 21037?: The typical home in 21037 is worth $581,847, based on the Zillow Home Value Index.
Are home values rising in 21037?: Home values in 21037 are up 0.9% over the past year, and up 3.6% a year over five years.
What is the typical rent in 21037?: A typical home in 21037 rents for about $3,150 a month, a gross rental yield of 6.5%.
What is the property tax rate in 21037?: The effective property tax rate in 21037 is 0.8% — roughly $4,582 a year on a typical home.
Who lives in 21037?: ZIP code 21037 has a population of 20,854 and a median household income of $145,787.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

21638 vs 21037 →
Grasonville CDP, MD
Typical home
$576,312
Gross yield
—
21051 vs 21037 →
MD
Typical home
$576,305
Gross yield
—
21082
Pleasant Hills CDP, MD
Typical home
$587,881
Gross yield
—
20723
North Laurel CDP, MD
Typical home
$588,191
Gross yield
4.3%
21047
Fallston CDP, MD
Typical home
$573,771
Gross yield
—
21053
MD
Typical home
$572,175
Gross yield
—

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#Jump to section

U.S. ZIP Code · MD21037

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