The story of this market
The typical home in ZIP 21849 sells for about $320,000, or $183 per square foot.
Prices are up +1.4% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 21849 — Parsonsburg
The 21849 market in Parsonsburg presents a cautious outlook due to high vacancy rates and a challenging environment for achieving positive cash flow. While home prices remain relatively accessible, the market's performance is tempered by a longer selling cycle and limited growth momentum compared to the broader Salisbury region.
This area is best suited for investors willing to perform due diligence on cash-flow potential, as the market presents accessible entry prices but requires careful management to overcome high vacancy rates.
Median prices moved up 1.4% year over year.
Homes spend a median of 62 days on market with 3.9 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.2% · poverty 7.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 21849, Wicomico 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.
Property taxes are assessed at the county level in Wicomico County; specific exemptions and district rates apply based on local municipal and school district levies.
The rental market shows high vacancy rates at 15.5%, suggesting potential challenges for landlords in maintaining consistent occupancy.
The local economy is anchored by the broader Salisbury market, which serves as a regional hub for healthcare, education, and retail services.
Data retrieved from ZCTA-level census profiles and local market reports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.