Allegany County

A local view of the market.

The real estate market in Allegany County, Maryland, is currently a seller's market, with the median sold price for homes at $148,357 as of October 2024. This represents a 13.7% increase from the previous year, indicating a strong upward trend in home values. The median price per square foot is $96, reflecting the county's affordability compared to nearby areas. Cumberland is the largest city in Allegany County, with a population of approximately 19,000 residents. It serves as a central hub for commerce and culture in the region. Frostburg is another notable city, home to Frostburg State University, with a population of around 8,000. These cities provide a mix of educational, cultural, and economic opportunities that contribute to the county's appeal. Allegany County offers a blend of rural and suburban living, with scenic landscapes and a strong sense of community. The area is known for its agricultural activities, with farming playing a significant role in the local economy. Key industries include education, healthcare, and manufacturing, attracting residents seeking employment opportunities. The county's affordability and quality of life are major draws for those relocating from more urbanized regions.