The story of this market
The typical home in ZIP 21562 sells for about $105,000, or $78 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $547 a month.
ZIP 21562 — Westernport
The housing market in 21562 remains stable with low price volatility and high affordability compared to national averages. Demand is driven by local residents seeking low-cost housing, though limited inventory keeps sales volume modest. Market conditions are expected to remain consistent with historical trends due to the area's slow-growth economic profile.
This ZIP is best suited for budget-conscious buyers, retirees, or local workers seeking affordable housing in a quiet, small-town mountain setting.
Median prices moved up 2.5% year over year.
Homes spend a median of 65 days on market with 6.2 months of supply — a balanced-paced market.
15% 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 0.3% · poverty 20.3% — 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 3.8%/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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 21562, 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.
Schools serving Westernport are part of the Allegany County Public Schools system, which generally maintains standard regional performance metrics.
The area is situated in a mountainous region with potential for localized flooding near the Potomac River and standard regional wildfire risk.
Economic momentum is limited, with the area historically tied to regional manufacturing and service sectors in the Cumberland metropolitan area.
Property taxes are assessed by Allegany County with a base rate applied to the assessed value; no special MUD or PID districts are typically associated with this older residential stock.
Commuting primarily involves driving via local state routes toward Cumberland, MD, or across the river into West Virginia for employment.
The area offers access to the Potomac River for fishing and boating, with proximity to local parks and the scenic Appalachian mountain trails.
The rental market is characterized by older, affordable single-family and duplex housing with low turnover and limited new supply.
The local economy is primarily supported by small businesses, regional healthcare, and services based in the broader Allegany County area.
Transportation is heavily reliant on private vehicles; public transit options are limited to regional bus services connecting to Cumberland.
Development is largely focused on small-scale residential renovations rather than large-scale new construction projects.
Allegany County utilizes a triennial assessment cycle for property tax purposes.
Parcels are subject to Allegany County property taxes and Allegany County Public Schools district levies.
Property insurance premiums are stable but reflect regional risks associated with older housing stock and mountain terrain.
Maryland is a judicial foreclosure state requiring court oversight for the foreclosure process.
Maryland law requires sellers to provide a residential property disclosure statement covering the condition of the home's major systems.
Data retrieved from data.census.gov ZCTA 21562 profile.
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.
Provides local fishing and recreational boating access.
Local community green space for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.