The story of this market
The typical home in ZIP 21540 sells for about $51,000, or $42,000 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $688 a month.
ZIP 21540
The housing market in ZIP 21540 is characterized by high affordability with a median home value of $51,000 and a median rent of $688. Market activity is limited due to the small population size, and specific local inventory or sales metrics are not published at the ZIP level, requiring reliance on broader county or state trends for context.
This ZIP is primarily for cost-conscious residents seeking an affordable, small-town lifestyle in Allegany County, with a high rate of homeownership.
Median prices moved up 1.1% year over year.
Homes spend a median of 44 days on market with 4.5 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 99.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 5.4% — a stable, low-distress profile.
ZCTA 21540, Allegany County MD
The area is located in climate zone 4A and plant hardiness zone 7a; specific local hazard data is not determinable.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maryland) — Maryland Real Property Assessment and Taxation: Property is assessed at its phased-in use value. The tax is calculated by multiplying the assessed value by the applicable state and local tax rates.
The rental market is characterized by a median rent of $688, with HUD Small Area Fair Market Rent for a two-bedroom unit in 21540 set at $1,010 for FY 2027.
The local economy includes sectors such as finance, real estate, professional management, and retail trade.
Data retrieved from Census ACS and local town profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.