The Most Affordable Neighborhoods in Allegany County, MD by Home Value

 

Allegany County, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Allegany County area can be challenging. Home prices in Allegany County are now at a median cost of $139,533, lower than the Maryland average of $357,815.

The average cost of rent is $791/mo in Allegany County, primarily driven by the current value of real estate in the Allegany County area. While nearly 43.62% of residents own their homes outright in Allegany County, 26.83% rent.

Housing affordability isn’t just about home prices, though. The average household income in Allegany County is $4,779 per month. Households that rent pay about 16.55% of their income on rent here. Allegany County's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the county.


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