HousingHandbookReference data

U.S. ZIP Code · MD21632

Caroline County

Typical home value

$244,125[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.9%
5-year / yr
+5.0%
10-year / yr
+6.7%

Relative price

vs U.S.
-14.1%
vs metro
vs state
-45.8%
ZIP 21632 location in MD
Location of ZIP 21632 in MD

Price history

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

The typical home in 21632 is worth $244,125. Over the past year, values have fallen 0.9%. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$1,726[3]

#Climate risk

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

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

#Who lives here

Population
6,436[3]
Median household income
$61,316[3]

#Migration

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

Net migration
-16[5]
Moved in
829
Moved out
845

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Colonel Richardson High School

    High · Grades 9–12 · Caroline County Public Schools

    535 students

  • Federalsburg Elementary School

    Elementary · Grades PK–5 · Caroline County Public Schools

    399 students

  • Colonel Richardson Middle School

    Middle · Grades 6–8 · Caroline County Public Schools

    364 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,234
Loan principal$195,300
Down payment$48,825
Total interest paid$249,095

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.

Own : rent ratio
Monthly cost to own$1,582
Monthly rent

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
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 21632?
The typical home in 21632 is worth $244,125, based on the Zillow Home Value Index.
Are home values rising in 21632?
Home values in 21632 are down 0.9% over the past year, and up 5.0% a year over five years.
What is the property tax rate in 21632?
The effective property tax rate in 21632 is 0.7% — roughly $1,726 a year on a typical home.
Who lives in 21632?
ZIP code 21632 has a population of 6,436 and a median household income of $61,316.

Compare ZIPs

Pit ZIP 21632 against any other ZIP — full side-by-side table.

Compare 21632

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