Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$155,795+3.1% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$33,773About 0.5× the local median income ($63,215): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
The typical home in Allegany County, MD is worth $155,795, up 3.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $163,199, so the area is 4.5% undervalued. It is a buyer's market: homes take about 64 days to sell, listings are up 27% from a year ago, 19% of listings have had a price cut. A household needs about $33,773 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,215. Typical rent is $1,020 a month. In the latest IRS figures, 363 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$155,795
Change in 1 year
+3.1%
Overvalued %
−4.5%
Show 6 more
Fair home value
$163,199
Change in 5 years
+24.0%
Home value to income
2.5×
Monthly mortgage payment (20% down)
$844
Income needed to afford it
$33,773
Property tax rate
1.06%
Rent and investing
Typical rent
$1,020
Price-to-rent ratio
12.7×
HUD Fair Market Rent, 2 bedrooms
$1,014
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Gross rental yield
7.86%
Cap rate (estimate)
5.11%
Market activity
Listings vs a year ago
+26.8%
Days on market
64
Listings with a price cut
19.3%
Show 3 more
Homes for sale
284
Pending sales per 100 listings
25
Asking price per sq ft
$112
People and jobs
Median household income
$63,215
Population change (1 year)
−0.2%
Unemployment rate
5.0%
Show 4 more
Population
66,848
Income adjusted for cost of living
$67,827
Net moves in (IRS)
+363
Cost of living (US = 100)
93.2
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
58.5
Flood risk score
73.6
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Wildfire risk score
21.0
Walkability (1 to 20)
10.1
Road, rail and air noise
53 dB
Questions people ask
Is Allegany County, MD overvalued?
Home prices in Allegany County, MD are slightly below what local incomes have historically supported: fair value is about $163,199, so the area is 4.5% undervalued.
Is Allegany County, MD a buyer's or seller's market?
Allegany County, MD is a buyer's market: homes take about 64 days to sell, listings are up 27% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Allegany County, MD?
Home values in Allegany County, MD are up 3.1% over the last year.
How much do you need to earn to buy a home in Allegany County, MD?
A household needs about $33,773 a year to afford the typical home in Allegany County, MD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,215.