Housing Insights for ZIP Code 21545 (Mount Savage, MD)

Housing Summary for ZIP Code 21545

Homeowners

The median home value in ZIP Code 21545 (Mount Savage, MD) is $111,000. Approximately 84.8% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.4%.

The average occupancy of owner-occupied units in ZIP Code 21545 is 2.21 occupants, while owner-occupied units have an aggregate average size of 2.88 bedrooms per housing unit.

Renters

In the 21545 ZIP Code, an estimated 15.2% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.46 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 21545

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21545.

ZIP 21545 Maryland U.S.
Median Home Value $111,000 $430,752 $361,498
Owner-Occupied Housing Units 84.8% 66.9% 64.0%
Homeowner Vacancy Rate 2.4% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.21 2.75 2.70
Average # of Bedrooms Per Unit 2.88 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 15.2% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.46 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21545 (Mount Savage, MD)

The median home value in ZIP Code 21545 is $111,000. That median value is about 65% lower than the median home value of $314,800 in Maryland overall, and is 49% lower than the $217,500 the median home value in the entire U.S. About 25.9% of homes in ZIP Code 21545 are valued $50,000 to $99,999. That is 600% higher than in the state of Maryland, in which 3.7% of homes are valued at $50,000 to $99,999, and is about 116% 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 21545 homes fall into is $1,000,000 or more (1.2% of homes).

Home Values in ZIP Code 21545

This chart visualizes the breakdown of home values in ZIP Code 21545, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21545 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21545

See the table below for a regional comparison of home values in ZIP Code 21545.

Home Value ZIP 21545 Maryland U.S.
Less than $50,000 17.1% 2.7% 6.9%
$50,000 to $99,999 25.9% 3.7% 12.0%
$100,000 to $149,999 19.1% 6.3% 13.3%
$150,000 to $199,999 20.6% 9.9% 14.0%
$200,000 to $299,999 10.2% 24.4% 19.6%
$300,000 to $499,999 4.7% 32.8% 19.3%
$500,000 to $999,999 1.2% 17.1% 11.4%
$1,000,000 or more 1.2% 3.1% 3.4%

Home Ages in ZIP Code 21545 (Mount Savage, MD)

Approximately 45.9% of homes in this Mount Savage, MD region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 21545 is about 289% higher than percentage of homes built in this time period in Maryland overall (11.8% of homes), and is 264% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 12.7% of local homes were built in 1960 to 1969. On the other end of the scale, just 0.0% of homes in this Allegany County ZIP Code were built in 2010 to 2013 in ZIP Code 21545. In comparison, 2.6% of homes in Maryland overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21545

A detailed regional comparison of home ages in ZIP Code 21545.

Year Built ZIP 21545 Maryland U.S.
2014 or later 0.0% 2.3% 2.5%
2010 to 2013 0.0% 2.6% 2.7%
2000 to 2009 2.0% 11.4% 14.0%
1990 to 1999 9.8% 14.3% 13.9%
1980 to 1989 4.8% 15.3% 13.4%
1970 to 1979 11.9% 14.1% 15.2%
1960 to 1969 12.7% 11.5% 10.6%
1950 to 1959 6.2% 11.4% 10.3%
1940 to 1949 6.8% 5.2% 4.9%
1939 or earlier 45.9% 11.8% 12.6%

Age of Homes in ZIP Code 21545

See the chart below for details on the age of homes in ZIP Code 21545, 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 21545

Frequently asked questions about housing in this Mount Savage, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21545.

1

What is the average home value ZIP Code 21545?

The median home value in ZIP Code 21545 (Mount Savage, MD) is $111,000.
2

Are homes expensive in ZIP Code 21545?

The median home value in 21545 ($111,000) is an estimated 65% lower than the aggregate median value of $314,800 in Maryland, and is 49% 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 21545?

The vacacy rate for owner-occupied housing in ZIP Code 21545 is 2.4%. This rate is 41% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21545 vacancy rate is 50% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21545 have older homes or newer construction?

In ZIP Code 21545, about 45.9% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 12.7% of homes in the region were built in 1960 to 1969. In contrast, 0.0% of homes in 21545 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 21545? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21545 than renter-occupied housing. Owner-occupied units make up 84.8% of housing, compared to 15.2% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21545?

The vacacy rate for rental units in ZIP Code 21545 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21545 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.