Allegany County, Maryland: commercial real estate data.
Allegany County, Maryland had an estimated 67,097 residents on July 1, 2024, down 1.5 percent since the 2020 census base of 68,106, across 424 square miles. County output reached $3.54 bn in 2024, 1,430 establishments operate here, and the SBA record carries 67 7(a) approvals worth $25.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Allegany County
How many people live in Allegany County
- Population, American Community Survey 2020-202467,452
- Households27,382
- Average household size2.46
- Median household income$59,603
- Median age41.2
- Median gross rent$805 per month
- Median owner-occupied home value$154,900
- Home value to household income2.6 times
- Annual rent as a share of median income16.2 percent
- Adults 25 and over with a bachelor degree or higher21.1 percent
- Adults 25 and over with a graduate degree9.3 percent
- Adults 25 and over47,738
- Population under 1812,032
- Share under 1817.8 percent
- Population 65 and over14,262
- Share 65 and over21.1 percent
- Working age population, 18 to 6441,158
- Civilian labor force28,176
- Unemployment rate5.0 percent
- Labor force participation, adults 18 and over50.8 percent
- Rank by population among Maryland counties16th of 24
- Rank by population among US county-equivalents, Puerto Rico included811th of 3,222
Allegany County is the 16th largest of 24 Maryland counties by population. A median home costs 2.6 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 21.1 percent against 17.8 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Allegany County
Is Allegany County's population growing?
- Population, July 1, 202467,097
- Census 2020 base population68,106
- Population change since the 2020 census base-1.48 percent
- Population change, 2023 to 2024-199
- Births, 2024537
- Deaths, 2024988
- Natural change, 2024-451
- Net domestic migration, 2024194
- Net international migration, 202458
- Total net migration, 2024252
- Cumulative net domestic migration, 2021 to 2024907
- Rank by growth among US county-equivalents2353rd of 3,144
The county has lost 1.48 percent of its population since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Allegany County
Where are people moving to Allegany County from?
- Tax returns filed by households arriving1,107
- People arriving, from those returns1,839
- Tax returns filed by households leaving1,068
- Net household movement39
- Adjusted gross income arriving$53.4 m
- Net adjusted gross income movement$-13.9 m
- Average income of an arriving household$48,279
- Average income of a leaving household$63,032
- Largest single originMineral County (140 households)
- Largest single destinationMineral County (142 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Mineral County | 140 | 238 | $6.0 m |
| Garrett County | 91 | 143 | $4.2 m |
| Washington County | 55 | 88 | $2.6 m |
| Bedford County | 49 | 86 | $1.8 m |
| Baltimore city | 35 | 52 | $921,000 |
| Anne Arundel County | 32 | 61 | $1.2 m |
| Somerset County | 31 | 44 | $1.2 m |
| Baltimore County | 29 | 61 | $1.3 m |
Households arriving report $14,753 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Mineral County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Allegany County
What is the Allegany County economy?
- County GDP, 2024$3.54 bn
- County GDP, 2023$3.39 bn
- GDP change, 2023 to 20244.4 percent
- GDP change over five years15.3 percent
- Rank by GDP among the Maryland areas BEA publishes17th of 24
- Rank by GDP among the US county areas BEA publishes885th of 3,127
- GDP per resident$52,514
Output grew 4.4 percent in the latest year and 15.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Allegany County
Employment by industry in Allegany County
- Covered employment, annual average26,680
- Establishments reporting1,577
- Average annual pay$51,777
- Average weekly wage$996
- Health care and social assistance, employment5,279
- Health care and social assistance, average annual pay$62,925
- Retail trade, employment3,723
- Retail trade, average annual pay$34,683
- Accommodation and food services, employment3,316
- Accommodation and food services, average annual pay$23,876
- Manufacturing, employment1,307
- Manufacturing, average annual pay$54,573
- Wholesale trade, employment1,174
- Construction, employment1,004
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 5,279 | 224 | $62,925 |
| Retail trade | 3,723 | 246 | $34,683 |
| Accommodation and food services | 3,316 | 154 | $23,876 |
| Manufacturing | 1,307 | 67 | $54,573 |
| Wholesale trade | 1,174 | 52 | $51,783 |
| Construction | 1,004 | 118 | $64,039 |
| Administrative and support and waste management services | 954 | 83 | $49,130 |
| Other services, except public administration | 781 | 150 | $34,646 |
Health care and social assistance is the largest private sector at 5,279 jobs, 19.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Allegany County
How many businesses are in Allegany County?
- Establishments, all industries1,430
- Employment at those establishments21,366
- Annual payroll$967.5 m
- Establishments per 1,000 residents21.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Allegany County
Building permits in Allegany County
- Housing units authorized by permit, 202459
- Declared construction value permitted$13.9 m
- Single family units authorized29
- Multifamily units authorized30
- Multifamily share of units50.8 percent
- Average declared value per unit$234,850
- Units authorized per 1,000 households2.2
Multifamily is 50.8 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Allegany County
SBA loans in Allegany County (7(a) and 504)
- 7(a) approvals recorded67
- 7(a) gross approval dollars$25.8 m
- Average 7(a) approval$385,672
- Median 7(a) approval$43,000
- 10th percentile approval$14,400
- 90th percentile approval$1,399,020
- Largest single approval$3,489,000
- Jobs reported supported, 7(a)436
- Jobs per approval6.5
- Distinct 7(a) lenders active17
- Distinct industries receiving approvals38
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer11.9 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter56
- Franchise loans9
- Franchise share of approvals13.4 percent
- Leading industry by approval countFull-Service Restaurants (6)
- Most active lenderManufacturers and Traders Trust Company (48)
- 504 approvals recorded4
- 504 gross approval dollars$3.6 m
- Average 504 approval$889,250
- Median 504 approval$246,000
- Distinct CDCs active1
- 504 jobs per approval12.8
- 504 jobs per million dollars approved14.3
- Most active CDCBusiness Finance Group, Inc. (4)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$29.4 m
The average approval of $385,672 sits well above the median of $43,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 11.9 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Allegany County
SBA loan default and charge-off rates in Allegany County
Do SBA loans in Allegany County get paid back?
- Loans with a final outcome recorded16
- Paid in full16
- Charged off0
- Status: Paid in full16
- Status: Exempt from disclosure42
- Status: Committed, not yet disbursed9
Only 16 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Allegany County
SBA lending by place in Allegany County
- Borrower cities with recorded lending11
- Cumberland, approvals35
- Frostburg, approvals11
- La Vale, approvals7
- Oldtown, approvals3
- Mount Savage, approvals2
- Cresaptown, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Cumberland | 35 | $14,560,400 |
| Frostburg | 11 | $2,695,500 |
| La Vale | 7 | $6,705,900 |
| Oldtown | 3 | $68,500 |
| Mount Savage | 2 | $1,301,700 |
| Cresaptown | 2 | $335,000 |
| Westernport | 2 | $68,000 |
| Lonaconing | 2 | $45,000 |
| 3 other borrower cities | 3 | $60,000 |
Cumberland accounts for 35 approvals against 11 in Frostburg. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Allegany County
How large is Allegany County?
- Land area424 sq mi
- Rank by land area among Maryland counties12th of 24
- Width, east to west39.1 mi
- Height, north to south19.4 mi
- Geographies sharing a boundary8
- Residents per square mile of land159
- Establishments per square mile3.37
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Allegany County
Flood risk in Allegany County
- Participation of the county's own NFIP community Allegany County, unincorporated areasParticipating, community 240001
- Communities in the county in the NFIP Community Status Book8
- Of those, participating in the NFIP8
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Allegany County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Allegany County (community 240001), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Allegany County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Allegany County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Allegany County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202467,452
- Households27,382
- Average household size2.46
- Median household income$59,603
- Median age41.2
Common questions
Allegany County questions, answered from the record.
How many people live in Allegany County, Maryland?
The Census Bureau estimates 67,097 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 67,452, in 27,382 households, ranking 16th of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Allegany County's population growing?
The population has fallen 1.48 percent since the 2020 census base of 68,106, to 67,097 on July 1, 2024. In 2024 there were 537 births against 988 deaths, with net migration of 252. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Allegany County?
$59,603. The median owner-occupied home is valued at $154,900, which is 2.6 times income, and median gross rent is $805 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Allegany County?
1,430 establishments, employing 21,366 people with an annual payroll of $967.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Allegany County?
Health care and social assistance is the largest private sector at 5,279 jobs, 19.8 percent of covered employment. Covered employment averages 26,680 jobs at an average annual pay of $51,777, or $996 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Allegany County?
67 7(a) approvals totaling $25.8 m since FY2020, across 17 lenders, with a median approval of $43,000, plus 4 504 approvals worth $3.6 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Allegany County?
59 housing units were authorized by permit in 2024, with a declared construction value of $13.9 m. Multifamily was 50.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Allegany County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Allegany County come from?
The largest single origin is Mineral County, with 140 households. Arriving households report an average income of $48,279 against $63,032 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Allegany County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Allegany County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Allegany County
Cities and places in Allegany.
44 Census places lie wholly or partly in Allegany County. All 44 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Cumberland | city | 18,804 | 35 | Wholly in this county |
| Frostburg | city | 6,977 | 11 | Wholly in this county |
| Cresaptown | CDP | 5,121 | 2 | Wholly in this county |
| La Vale | CDP | 4,196 | 7 | Wholly in this county |
| Bel Air | CDP | 1,837 | None recorded | Wholly in this county |
| Westernport | town | 1,588 | 2 | Wholly in this county |
| Bowmans Addition | CDP | 1,102 | None recorded | Wholly in this county |
| Potomac Park | CDP | 978 | None recorded | Wholly in this county |
| Bowling Green | CDP | 966 | None recorded | Wholly in this county |
| Lonaconing | town | 889 | 2 | Wholly in this county |
| Eckhart Mines | CDP | 670 | None recorded | Wholly in this county |
| Barton | town | 663 | 1 | Wholly in this county |
| Corriganville | CDP | 622 | None recorded | Wholly in this county |
| Midland | town | 589 | None recorded | Wholly in this county |
| Grahamtown | CDP | 537 | None recorded | Wholly in this county |
| Ellerslie | CDP | 514 | None recorded | Wholly in this county |
| Mount Savage | CDP | 514 | 2 | Wholly in this county |
| Rawlings | CDP | 476 | None recorded | Wholly in this county |
| Midlothian | CDP | 377 | None recorded | Wholly in this county |
| Franklin | CDP | 373 | None recorded | Wholly in this county |
| McCoole | CDP | 373 | None recorded | Wholly in this county |
| Danville | CDP | 341 | None recorded | Wholly in this county |
| Zihlman | CDP | 306 | None recorded | Wholly in this county |
| Gilmore | CDP | 288 | None recorded | Wholly in this county |
| Shaft | CDP | 285 | None recorded | Wholly in this county |
| Pleasant Grove | CDP | 252 | None recorded | Wholly in this county |
| Nikep | CDP | 194 | None recorded | Wholly in this county |
| Dawson | CDP | 180 | None recorded | Wholly in this county |
| Moscow | CDP | 176 | None recorded | Wholly in this county |
| Bier | CDP | 118 | None recorded | Wholly in this county |
| Detmold | CDP | 116 | None recorded | Wholly in this county |
| Oldtown | CDP | 112 | 3 | Wholly in this county |
| Vale Summit | CDP | 92 | None recorded | Wholly in this county |
| Luke | town | 89 | None recorded | Wholly in this county |
| Barrelville | CDP | 71 | None recorded | Wholly in this county |
| Little Orleans | CDP | 68 | 1 | Wholly in this county |
| National | CDP | 64 | None recorded | Wholly in this county |
| Klondike | CDP | 54 | None recorded | Wholly in this county |
| Spring Gap | CDP | 49 | None recorded | Wholly in this county |
| Carlos | CDP | 43 | None recorded | Wholly in this county |
| Woodland | CDP | 42 | None recorded | Wholly in this county |
| Ocean | CDP | 18 | None recorded | Wholly in this county |
| Clarysville | CDP | 13 | None recorded | Wholly in this county |
| Flintstone | CDP | 8 | 1 | Wholly in this county |