Housing Insights for ZIP Code 21532 (Frostburg, MD)

Housing Summary for ZIP Code 21532

Homeowners

The median home value in ZIP Code 21532 (Frostburg, MD) is $129,800. Approximately 67.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 1.7%.

The average occupancy of owner-occupied units in ZIP Code 21532 is 2.47 occupants, while owner-occupied units have an aggregate average size of 2.71 bedrooms per housing unit.

Renters

In the 21532 ZIP Code, an estimated 32.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 14.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.24 occupants, while renters in this Allegany County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21532

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21532.

ZIP 21532 Maryland U.S.
Median Home Value $129,800 $430,752 $361,498
Owner-Occupied Housing Units 67.2% 66.9% 64.0%
Homeowner Vacancy Rate 1.7% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.47 2.75 2.70
Average # of Bedrooms Per Unit 2.71 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 32.8% 33.1% 36.0%
Rental Vacancy Rate 14.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.24 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21532 (Frostburg, MD)

The median home value in ZIP Code 21532 is $129,800. That median value is about 59% lower than the median home value of $314,800 in Maryland overall, and is 40% lower than the $217,500 the median home value in the entire U.S. About 27.8% of homes in ZIP Code 21532 are valued $50,000 to $99,999. That is 651% higher than in the state of Maryland, in which 3.7% of homes are valued at $50,000 to $99,999, and is about 132% higher than in the U.S. overall (12.0% of homes valued at $50,000 to $99,999). The home value range that the smallest portion of ZIP Code 21532 homes fall into is $1,000,000 or more (0.2% of homes).

Home Values in ZIP Code 21532

This chart visualizes the breakdown of home values in ZIP Code 21532, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21532 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21532

See the table below for a regional comparison of home values in ZIP Code 21532.

Home Value ZIP 21532 Maryland U.S.
Less than $50,000 9.1% 2.7% 6.9%
$50,000 to $99,999 27.8% 3.7% 12.0%
$100,000 to $149,999 21.5% 6.3% 13.3%
$150,000 to $199,999 16.6% 9.9% 14.0%
$200,000 to $299,999 13.8% 24.4% 19.6%
$300,000 to $499,999 9.3% 32.8% 19.3%
$500,000 to $999,999 1.7% 17.1% 11.4%
$1,000,000 or more 0.2% 3.1% 3.4%

Home Ages in ZIP Code 21532 (Frostburg, MD)

Approximately 26.4% of homes in this Frostburg, MD region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 21532 is about 124% higher than percentage of homes built in this time period in Maryland overall (11.8% of homes), and is 110% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 15.7% of local homes were built in 1970 to 1979. On the other end of the scale, just 0.5% of homes in this Allegany County ZIP Code were built in 2014 or later in ZIP Code 21532. In comparison, 2.3% of homes in Maryland overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21532

A detailed regional comparison of home ages in ZIP Code 21532.

Year Built ZIP 21532 Maryland U.S.
2014 or later 0.5% 2.3% 2.5%
2010 to 2013 2.7% 2.6% 2.7%
2000 to 2009 7.2% 11.4% 14.0%
1990 to 1999 7.9% 14.3% 13.9%
1980 to 1989 8.7% 15.3% 13.4%
1970 to 1979 15.7% 14.1% 15.2%
1960 to 1969 13.7% 11.5% 10.6%
1950 to 1959 9.1% 11.4% 10.3%
1940 to 1949 8.2% 5.2% 4.9%
1939 or earlier 26.4% 11.8% 12.6%

Age of Homes in ZIP Code 21532

See the chart below for details on the age of homes in ZIP Code 21532, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 21532

Frequently asked questions about housing in this Frostburg, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21532.

1

What is the average home value ZIP Code 21532?

The median home value in ZIP Code 21532 (Frostburg, MD) is $129,800.
2

Are homes expensive in ZIP Code 21532?

The median home value in 21532 ($129,800) is an estimated 59% lower than the aggregate median value of $314,800 in Maryland, and is 40% lower than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 21532?

The vacacy rate for owner-occupied housing in ZIP Code 21532 is 1.7%. This rate is 0% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21532 vacancy rate is 6% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21532 have older homes or newer construction?

In ZIP Code 21532, about 26.4% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 15.7% of homes in the region were built in 1970 to 1979. In contrast, 0.5% of homes in 21532 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 21532? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21532 than renter-occupied housing. Owner-occupied units make up 67.2% of housing, compared to 32.8% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21532?

The vacacy rate for rental units in ZIP Code 21532 is 14.0%. This rate is 133% higher than the overall Maryland vacancy rate of 6.0%. Additionally, the 21532 vacancy rate is 133% higher than the entire U.S. vacancy rate of 6.0%.