Is Allegany County, MD good for real estate investing?

Allegany County has an investment score of 76/100, rated as "Strong Buy". The county ranks #30 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Allegany County is 8.32% annually, which ranks in the 93th 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 $146,582. This ranks #139 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 $108/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Allegany County

MarylandPopulation: 68,161

/100

Strong Buy

#30 of 1,000 counties

#1 in Maryland (24 counties)

Market Snapshot

$146,582

Median Home Price

37% below national median

$1,016/mo

Median Rent

33% below national median

8.32%

Rent-to-Price Ratio

Top 7% nationally

-$108

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$146,582

Down Payment (20%)$29,316

Loan Amount$117,266

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,016

Monthly P&I-$768

Est. Expenses (35%)-$356

Net Cash Flow-$108/mo

5.4%

Cap Rate (all cash)

-3.8%

Cash-on-Cash Return

8.32%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.4% 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

76/100

Cash Flow(30%)

83/100

Based on 8.32% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

82/100

Based on 3.8% 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 (8.32%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative leverage (cap rate 5.4% < mortgage rate 6.9%)

Economic Indicators

Population

68,161

Median Income

$55,248

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

2.7x

Very affordable

Compare to Nearby Counties

County					Verdict
CurrentAlleganyMD	76	$146,582	$1,016	8.32%	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 76/100, ranking #30 of 1,000 US counties (top 4%). The 8.32% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential.

Monthly Cash Flow

$-108/mo

Cap Rate

5.4%

Cash-on-Cash

-3.8%

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$146,582

Down Payment (20%)$29,316

Loan Amount$117,266

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,016

Monthly P&I-$768

Est. Expenses (35%)-$356

Net Cash Flow-$108/mo

5.4%

Cap Rate (all cash)

-3.8%

Cash-on-Cash Return

8.32%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.4% 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

76/100

Cash Flow(30%)

83/100

Based on 8.32% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

82/100

Based on 3.8% 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

$146,582

$1,016

8.32%

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 76/100, ranking #30 of 1,000 US counties (top 4%). The 8.32% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential.

Monthly Cash Flow

$-108/mo

Cap Rate

5.4%

Cash-on-Cash

-3.8%