The story of this market
The typical home in Garrett County, Maryland sells for about $469,126, or $220 per square foot.
Prices are down 14.7% from a year ago, which gives buyers more room to negotiate. Homes take about 70 days to sell, which is slow. Over the long run, values in this county have grown 142% since 2000. Last year 6 of 9 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+18.3%). Worst: 2010 (-8.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+1.1%
MD · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,339
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 9 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
25
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $5,819,856.
Mortgage activity
Home lending in this county
78.1%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1536 | 818 | 78.1% | 3.5% | $185,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Garrett County, Maryland
The Garrett County housing market is experiencing a significant correction with median prices declining year-over-year. High vacancy rates and a sharp drop in sales volume suggest a cooling period, though the county continues to invest in infrastructure and renewable energy projects.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price diverges 69.4% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Select a city to expand its ZIP intel reports beneath · 8 cities · 15 ZIP reports
Median prices moved up 5.3% year over year.
Homes spend a median of 64 days on market with 3.4 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 98.51% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Deterministic aggregate of 3 researched ZIP reports of 15 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Garrett County, Maryland — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 16
researched Oct 20
researched Oct 20
researched Oct 20
| 21532 | Frostburg | $175,600 | $105 | +2.4% | 68 | 96.5% | 12% | 5.1 | 92 | $916 | researched Sep 16 |
| 21536 | Grantsville | $330,000 | $180 | +6.4% | 61 | 99.5% | — | — | 28 | $1,010 | researched Oct 20 |
| 21550 | Oakland | $301,309 | $148 | +3.1% | 54 | 97.2% | 12.5% | 6.2 | 291 | $909 | researched Oct 20 |
| 21561 | Swanton | $362,700 | $207 | +5.2% | 120 | 96% | 15% | 18 | 1,453 | $1,030 | researched Oct 20 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Garrett County Public Schools serves the county with a focus on rural education and community-integrated learning environments.
The region faces typical Appalachian climate risks, with ongoing development of utility-scale solar and infrastructure to manage local environmental impacts.
Economic momentum is driven by the expansion of the CPV Backbone Solar project and the development of the Hemlock Grove housing project in Grantsville.
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 economy is anchored by tourism, outdoor recreation, and emerging renewable energy projects like utility-scale solar.
U.S. Route 219 serves as the primary transportation corridor for the county, facilitating regional connectivity.
- Deep Creek Fun Zone4.33.5 mi
- Funland4.53.5 mi
- Haunted Hollow4.527.7 mi
- Nemacolin Resort4.621.5 mi
- Wisp Resort4.24 mi
- Western Maryland Scenic Railroad4.628.6 mi
- Fright Farm4.229.8 mi
- Alpine Lake Resort4.213.2 mi
- Swallow Falls State Park4.88.5 mi
- Deep Creek Lake State Park4.73.1 mi
- New Germany State Park4.79.6 mi
- Herrington Manor State Park4.711.5 mi
- Deep Creek Fun Zone4.33.5 mi
- Fallingwater4.825.2 mi
- Nemacolin Resort4.621.5 mi
- Deep Creek Lake State Park4.73.1 mi
- Frank Lloyd Wright's Kentuck Knob4.824.1 mi
- Fort Necessity National Battlefield4.723.3 mi
- Swallow Falls State Park4.88.5 mi
- Deep Creek Lake State Park4.73.1 mi
- New Germany State Park4.79.6 mi
- Herrington Manor State Park4.711.5 mi
- Alpine Lake Resort4.213.2 mi
- Aquatic Center Inc.4.53.7 mi
- Deep Creek Marina3.83.4 mi
- Wisp Resort4.24 mi
- Alpine Lake Resort4.213.2 mi
- Lodestone Golf Course3.65.4 mi
- Oakland Golf Course4.112 mi
- Arrowhead Market4.34.8 mi
- Grantsville Shopping Plaza4.213.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major recreational hub offering boating, fishing, and seasonal tourism that anchors the local economy.
Provides year-round outdoor recreation including skiing, mountain biking, and adventure sports.
Data retrieved from Census Reporter and ACS summary files.
applies when — Applies to residential parcels located within a development subject to a declaration of covenants or restrictions requiring mandatory membership in an association.
Imposes obligations on parcel owners to pay assessments, adhere to recorded covenants, and comply with association governance and disclosure requirements upon resale.
Real Property Article Title 11B.
Maryland utilizes a judicial-supervised process. Foreclosure actions cannot be filed until 90 days after a default. Homeowners have 30 days from the date of the Notice of Report of Sale to file exceptions to the sale.
Real Property Article § 7-105.1; Maryland Rules of Procedure.
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 Homestead Property Tax Credit limits the annual increase in taxable assessment for owner-occupied residential property to a fixed percentage (set by local jurisdictions, typically 10% or less) of the prior year's assessment.
Tax-Property Article § 8-103; COMAR Title 18.
≈ $46,913/yr on a $469,126 median
applies when — Applies to the transfer of residential real property of one to four single-family units, excluding specific transfers such as initial sales of never-occupied property, foreclosure sales, or transfers by fiduciaries.
Sellers must provide either a disclosure statement detailing known latent defects or a disclaimer statement selling the property 'as is' without warranties.
Real Property Article § 10-702, Annotated Code of Maryland.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.