Allegany County, Maryland Housing Market
In Allegany County, Maryland, the median home value is $154,900, with a median monthly rent of $805. This places Allegany County at #2142 nationally out of 3134 counties by median home value, and #24 within Maryland.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $944
- Establishments: 1,479
- BLS QCEW, 2025
Housing Supply
- Single-family: 35
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 25,440 (avg $61,338)
- Outflow: 24,274 (avg $61,834)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Allegany County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 21532 | 226.1 | -4.33% | 2025 |
| 2 | 21502 | 217.9 | +4.30% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Allegany County on Our Sister Sites
Get the complete picture for Allegany County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Allegany County Compares
| Metric | Allegany County | Maryland Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $154,900 | $370,016 | $227,706 |
| Median Gross Rent | $805 | $1,459 | $968 |
| Owner Occupancy Rate | 70.7% | 72.7% | 73.3% |
| Price/Rent Ratio | 16.0 | 21.1 | 18.7 |
Market Analysis
The median home value in Allegany County is 58.1% below the Maryland state average and 32.0% below the U.S. national average. The median rent of $805/month is 44.8% below the state average.
With a price-to-rent ratio of 16.0, the buy-vs-rent decision in Allegany County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Allegany County has an owner-occupancy rate of 70.7%, compared to 72.7% in Maryland and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Pike County | Indiana | $154,900 | $739 |
| De Soto Parish | Louisiana | $154,900 | $687 |
| Ogemaw County | Michigan | $154,900 | $823 |
| Broome County | New York | $154,900 | $941 |
| Belmont County | Ohio | $154,900 | $793 |
Other Counties in Maryland
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Somerset County | $173,200 | $1,013 | 73.1% |
| Baltimore city | $229,600 | $1,331 | 47.5% |
| Garrett County | $235,300 | $765 | 79.7% |
| Wicomico County | $254,700 | $1,327 | 62.3% |
| Dorchester County | $262,400 | $1,032 | 65.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).