Is Allegany County, MD good for real estate investing?

Allegany County has an investment score of 75/100, rated as "Strong Buy". The county ranks #40 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Allegany?

The rent-to-price ratio in Allegany County is 7.62% annually, which ranks in the 88th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Allegany?

The median home price in Allegany County is $148,598. This ranks #69 in affordability among all US counties.

Can you cash flow on rental properties in Allegany?

Based on median values with 20% down at current rates, a typical rental in Allegany County would generate negative cash flow of $165/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Allegany County

MarylandPopulation: 68,161

/100

Strong Buy

#40 of 1,000 counties

#1 in Maryland (24 counties)

Market Snapshot

$148,598

Median Home Price

46% below national median

$943/mo

Median Rent

37% below national median

7.62%

Rent-to-Price Ratio

Top 12% nationally

-$165

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$148,598

Down Payment (20%)$29,720

Loan Amount$118,878

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$943

Monthly P&I-$779

Est. Expenses (35%)-$330

Net Cash Flow-$165/mo

5.0%

Cap Rate (all cash)

-5.8%

Cash-on-Cash Return

7.62%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.0% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

75/100

Cash Flow(30%)

76/100

Based on 7.62% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

87/100

Based on 5.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

90/100

Price-to-income ratio of 2.7x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (7.62%)
+Strong price appreciation (+5.4% YoY)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative leverage (cap rate 5.0% < mortgage rate 6.9%)

Economic Indicators

Population

68,161

Median Income

$55,248

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

2.7x

Very affordable

Compare to Nearby Counties

County					Verdict
CurrentAlleganyMD	75	$148,598	$943	7.62%	Strong Buy
Baltimore CityMD	71	$182,779	$1,737	11.40%	Buy	View
CalvertMD	65	$471,515	$2,532	6.44%	Buy	View
WicomicoMD	65	$268,903	$1,671	7.46%	Buy	View
SomersetMD	64	$200,242	Est. pending	—	Buy	View
BaltimoreMD	61	$352,651	$1,729	5.88%	Buy	View

The Bottom Line

Strong BuyAllegany is a strong buy market with excellent fundamentals for buy-and-hold investors.

Allegany County in Maryland scores 75/100, ranking #40 of 1,000 US counties (top 4%). The 7.62% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-165/mo

Cap Rate

5.0%

Cash-on-Cash

-5.8%

Ready to Analyze a Deal in Allegany?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$148,598

Down Payment (20%)$29,720

Loan Amount$118,878

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$943

Monthly P&I-$779

Est. Expenses (35%)-$330

Net Cash Flow-$165/mo

5.0%

Cap Rate (all cash)

-5.8%

Cash-on-Cash Return

7.62%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.0% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

75/100

Cash Flow(30%)

76/100

Based on 7.62% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

87/100

Based on 5.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

90/100

Price-to-income ratio of 2.7x. Lower ratios indicate more affordable markets.

County

Verdict

CurrentAlleganyMD

$148,598

$943

7.62%

Strong Buy

Baltimore CityMD

$182,779

$1,737

11.40%

Buy

View

CalvertMD

$471,515

$2,532

6.44%

Buy

View

WicomicoMD

$268,903

$1,671

7.46%

Buy

View

SomersetMD

$200,242

Est. pending

—

Buy

View

BaltimoreMD

$352,651

$1,729

5.88%

Buy

View

The Bottom Line

Strong BuyAllegany is a strong buy market with excellent fundamentals for buy-and-hold investors.

Allegany County in Maryland scores 75/100, ranking #40 of 1,000 US counties (top 4%). The 7.62% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-165/mo

Cap Rate

5.0%

Cash-on-Cash

-5.8%