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Allegany County, MD

District 4

RANK #430 / 996 NAT  ·  #2 / 18 MD  ·  POP 68,161

1YR FORECAST: +1.2%

5YR OUTLOOK: +25%

Allegany County's housing market is projected to grow +1.2% over the next year, tracking near the national average.

[01] Why Allegany County?

The Western Maryland Scenic Railroad, departing from Cumberland, offers a distinctive experience, traversing valleys and historic towns with views of the Allegheny Mountains. Allegany County, often called "Mountain Maryland," is located in the western part of the state, approximately two hours from Baltimore and Washington, D.C.. This makes it an option for those seeking a quieter lifestyle within reach of major metropolitan areas, with easy commuter traffic. The community offers a relaxed, community-focused atmosphere with a strong appreciation for its natural beauty and heritage. The county boasts over 70,000 acres of public land, including five state parks and forests, and the C&O Canal National Historical Park, providing extensive opportunities for hiking, biking, and water sports.

Life in Allegany County is characterized by a lower cost of living and a focus on outdoor recreation. The area attracts a mix of residents, including families and retirees, drawn to its walkable urban cores like Cumberland and Frostburg, and its rural properties. Allegany County Public Schools serve the area, and Frostburg State University provides higher education opportunities. The economy is diverse, with healthcare, education, and advanced manufacturing as key sectors. Recent economic developments include investments in technology-based business parks and initiatives to support environmentally focused innovation.

[02] Market Snapshot

Housing Ratio
3.5x

Undervalued relative to economy

GDP Growth
+1.9%

Below national median

Home Prices
+4.0%

Outpacing national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    The Active Network Technology
    500+
  2. 2
    UPMC Western Maryland Healthcare
  3. 3
    Frostburg State University Education
  4. 4
    Allegany County Government Government
  5. 5
    Allegany College of Maryland Education
  6. 6
    American Woodmark Manufacturing
  7. 7
    National Jet Company Manufacturing
  8. 8
    Berry Plastics Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Allegany County U.S. National

The Numbers

DEMOGRAPHICS
Population
68,161
-0.76% YoY
Median Household Income
$55,248
Median Home Value
$143,300
+3.96% 12mo
Median Rent
$743
Average Annual Pay
$51,777
+5.7% YoY
Employment
26,680
+0.1% YoY
Income-to-Home-Value
0.3855
More affordable than average
Migration Inflow
3.08%
of pop. from another state
Bachelor's Degree+
20.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$167,450
Days on Market
93
Slower market
Months of Supply
4.8
Balanced market
Sale-to-List Ratio
94.1%
Negotiation room for buyers
Sold Above List
17.4%
Listings w/ Price Drops
24.2%
Building Permits (2024)
59
Single-Family Permits
29

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.1
per 100K · nat avg 6.3
Firearm Fatalities
9.2
per 100K · nat avg 14.8
Injury Deaths
112.0
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$330M
TOTAL
PROJECT AMOUNT STATUS
Dan's Mountain Wind Project
Clearway Energy Group
$180M Completed
FedEx Ground Distribution Center
FedEx Ground
$50M Operating
Kingspan Roofing + Waterproofing Manufacturing Facility
Kingspan Group
$50M Under Construction
Allegany County Housing Development (D.R. Horton)
D.R. Horton
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +1.9% 32 percentile
Population Growth -0.8% 6 percentile
Income Growth +8.1% 40 percentile
Vacancy Rate 1.5% 22 percentile
Home Price Change +4.0% 82 percentile
Rent Growth +5.1% 81 percentile
Price/Rent 12x 72 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Allegany County, MD a good place to move to?

Allegany County scores 56/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#430). Median household income is $55,248 and job growth is running at +0.1%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Allegany County affordable?

By national standards, Allegany County is quite affordable. Homes here have a median value of $143,300, and the income-to-home-value ratio of 0.39 is well above the U.S. average — especially with median rent at just $743/month. Residents can generally buy a home without being cost-burdened.

Is Allegany County growing or shrinking?

Allegany County is losing population (-0.8% YoY) while the job market is essentially flat (+0.1% employment change). Home values are +4.0% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Allegany County?

There's a moderate stream of newcomers. About 3.08% of residents moved from another state, which is above average and suggests Allegany County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Wicomico County, MD 61 Queen Anne's County, MD 44 Washington County, MD 42 Carroll County, MD 40 Calvert County, MD 33 Baltimore County, MD 29 Klamath County, OR 56 Washington County, NY 56