The story of this market
The typical home in ZIP 21532 sells for about $175,600, or $105 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $916 a month.
ZIP 21532 — Frostburg
The housing market in 21532 is characterized by steady, modest price growth and a balanced inventory level. Demand is largely supported by the local university and regional employment, keeping the market stable despite broader economic headwinds.
This ZIP is well-suited for university-affiliated individuals, budget-conscious families, and those seeking a quiet, mountain-town lifestyle with access to outdoor recreation.
Median prices moved up 2.4% year over year.
Homes spend a median of 68 days on market with 5.1 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 17.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 21532, Allegany County MD
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Frostburg are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Allegany County Public Schools system, which maintains a mix of rural-focused elementary and secondary institutions.
The region faces moderate risks from winter weather events and localized flooding in low-lying areas near mountain streams.
Economic momentum is anchored by Frostburg State University, which serves as a primary employer and driver of local housing demand.
Property taxes are levied by Allegany County and the City of Frostburg, with rates determined by the state-assessed property value and local municipal millage.
Commuting is primarily car-dependent, with residents often traveling along the I-68 corridor toward Cumberland or other regional employment hubs.
The area features proximity to the Great Allegheny Passage trail, various municipal parks, and outdoor recreational opportunities in the surrounding Appalachian mountains.
The rental market is heavily influenced by the student population at Frostburg State University, leading to consistent demand for multi-family and off-campus housing.
The economy is driven by the public sector, higher education, and regional healthcare services.
Development is focused on small-scale infill and university-related infrastructure improvements.
Parcels are subject to Allegany County property tax and municipal taxes for those within Frostburg city limits.
Insurance premiums are stable but reflect regional risks associated with mountainous terrain and winter weather.
Data retrieved from data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major anchor institution providing cultural events and sports facilities.
A premier rail-trail for hiking and cycling connecting to Pittsburgh and DC.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.