Allegany County, Maryland: commercial real estate data.
Allegany County, Maryland has a population of 67,452 across 424 square miles, down 1.5 percent since the 2020 census base. 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.
121 sourced county values · tier FULL · 11 sections
Allegany County
How many people live in Allegany County
- Population67,452
- 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-equivalents811th
Allegany County is the 16th largest of 24 Maryland counties by population. A median home costs 2.6 times median household income, which is an affordable ownership market 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 storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Allegany County
Is Allegany County growing
- Population change since the 2020 census base-1.48 percent
- Census 2020 base population68,106
- 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
The county has lost 1.48 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Allegany County
Where people moving to Allegany County come from
- Tax returns filed by households arriving1,107
- People arriving, from those returns1,839
- Adjusted gross income arriving$53.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$48,279
- Largest single originAllegany County Non-migrants (23,837 households)
- Largest single destination (23,837 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Allegany County Non-migrants | 23,837 | 45,741 | $1.48 bn |
| Other flows - Different State | 496 | 826 | $27.1 m |
| Other flows - South | 271 | 451 | $14.4 m |
| Mineral County | 140 | 238 | $6.0 m |
| Other flows - Northeast | 129 | 203 | $7.5 m |
| Garrett County | 91 | 143 | $4.2 m |
| Other flows - Same State | 72 | 112 | $3.4 m |
| Other flows - West | 57 | 110 | $3.3 m |
The largest single source of arrivals is Allegany County Non-migrants, 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 the Allegany County economy runs on
- 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 Maryland counties17th
- Rank by GDP among US county-equivalents885th
- 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
Who employs people in Allegany County
- Covered employment, annual average26,680
- Establishments reporting1,577
- Average annual pay$51,777
- Average weekly wage$996
- Sector 62, employment5,279
- Sector 62, average annual pay$62,925
- Sector 44-45, employment3,723
- Sector 44-45, average annual pay$34,683
- Sector 72, employment3,316
- Sector 72, average annual pay$23,876
- Sector 31-33, employment1,307
- Sector 31-33, average annual pay$54,573
- Sector 42, employment1,174
- Sector 23, employment1,004
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 5,279 | 224 | $62,925 |
| Sector 44-45 | 3,723 | 246 | $34,683 |
| Sector 72 | 3,316 | 154 | $23,876 |
| Sector 31-33 | 1,307 | 67 | $54,573 |
| Sector 42 | 1,174 | 52 | $51,783 |
| Sector 23 | 1,004 | 118 | $64,039 |
| Sector 56 | 954 | 83 | $49,130 |
| Sector 81 | 781 | 150 | $34,646 |
The largest sector is the biggest private employer group at 5,279 jobs, 19.8 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Allegany County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Allegany County
What is being built in Allegany County
- Housing units authorised by permit, 202459
- Declared construction value permitted$13.9 m
- Single family units authorised29
- Multifamily units authorised30
- Multifamily share of units50.8 percent
- Average declared value per unit$234,850
- Units authorised per 1,000 households2.2
Multifamily is 50.8 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Allegany County
How much SBA lending happens in Allegany County
- 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$13,500
- 90th percentile approval$1,590,000
- 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$256,000
- Distinct CDCs active1
- 504 jobs per approval12.8
- 504 jobs per million dollars approved14.3
- Most active CDCBusiness Finance Group, Inc. (4)
- 7(a) share of SBA approvals94.4 percent
- Combined SBA approval dollars$29.4 m
The average approval of $385,672 sits well above the median of $43,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
Do SBA loans in Allegany County get paid back
- Loans with a final outcome recorded16
- Paid in full16
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full16
- Status: Exempt from disclosure42
- Status: Committed, not yet disbursed9
Of the 16 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Allegany County
Which parts of Allegany County get the lending
- Places in the county with recorded lending12
- Cumberland, approvals35
- FROSTBURG, approvals11
- Lavale, approvals6
- OLDTOWN, approvals3
- CRESAPTOWN, approvals2
- LONACONING, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Cumberland | 35 | $14,560,400 |
| FROSTBURG | 11 | $2,695,500 |
| Lavale | 6 | $5,669,500 |
| OLDTOWN | 3 | $68,500 |
| CRESAPTOWN | 2 | $335,000 |
| LONACONING | 2 | $45,000 |
| WESTERNPORT | 2 | $68,000 |
| MOUNT SAVAGE | 2 | $1,301,700 |
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 big 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 boundary2
- 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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population67,452
- 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?
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 growing?
The population has fallen 1.48 percent since the 2020 census base. 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 there 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 the average wage in Allegany County?
Average annual pay is $51,777, or $996 a week, across 26,680 covered jobs. 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 totalling $25.8 m since FY2020, across 17 lenders, with a median approval of $43,000, plus 4 504 approvals worth $3.6 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Allegany County get paid back?
Of the 16 loans that have reached a final outcome, 16 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Allegany County?
59 housing units were authorised 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 Allegany County Non-migrants, with 23,837 households. Arriving households report an average income of $48,279 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.