Housing Insights for ZIP Code 21562 (Westernport, MD)

Housing Summary for ZIP Code 21562

Homeowners

The median home value in ZIP Code 21562 (Westernport, MD) is $86,400. Approximately 75.6% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.8%.

The average occupancy of owner-occupied units in ZIP Code 21562 is 2.71 occupants, while owner-occupied units have an aggregate average size of 2.9 bedrooms per housing unit.

Renters

In the 21562 ZIP Code, an estimated 24.4% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.9%.

Among renter-occupied units in this ZIP, the average occupancy is 1.95 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 21562

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21562.

ZIP 21562 Maryland U.S.
Median Home Value $86,400 $430,752 $361,498
Owner-Occupied Housing Units 75.6% 66.9% 64.0%
Homeowner Vacancy Rate 2.8% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.71 2.75 2.70
Average # of Bedrooms Per Unit 2.9 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 24.4% 33.1% 36.0%
Rental Vacancy Rate 4.9% 6.0% 6.0%
Average Size of Renter-Occupied Unit 1.95 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21562 (Westernport, MD)

The median home value in ZIP Code 21562 is $86,400. That median value is about 73% lower than the median home value of $314,800 in Maryland overall, and is 60% lower than the $217,500 the median home value in the entire U.S. About 34.0% of homes in ZIP Code 21562 are valued $50,000 to $99,999. That is 819% higher than in the state of Maryland, in which 3.7% of homes are valued at $50,000 to $99,999, and is about 183% 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 21562 homes fall into is $500,000 to $999,999 (0.9% of homes).

Home Values in ZIP Code 21562

This chart visualizes the breakdown of home values in ZIP Code 21562, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21562 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21562

See the table below for a regional comparison of home values in ZIP Code 21562.

Home Value ZIP 21562 Maryland U.S.
Less than $50,000 21.8% 2.7% 6.9%
$50,000 to $99,999 34.0% 3.7% 12.0%
$100,000 to $149,999 22.4% 6.3% 13.3%
$150,000 to $199,999 11.3% 9.9% 14.0%
$200,000 to $299,999 4.6% 24.4% 19.6%
$300,000 to $499,999 4.1% 32.8% 19.3%
$500,000 to $999,999 0.9% 17.1% 11.4%
$1,000,000 or more 1.0% 3.1% 3.4%

Home Ages in ZIP Code 21562 (Westernport, MD)

Approximately 40.0% of homes in this Westernport, MD region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 21562 is about 239% higher than percentage of homes built in this time period in Maryland overall (11.8% of homes), and is 217% 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 1940 to 1949. On the other end of the scale, just 0.0% of homes in this Allegany County ZIP Code were built in 2014 or later in ZIP Code 21562. 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 21562

A detailed regional comparison of home ages in ZIP Code 21562.

Year Built ZIP 21562 Maryland U.S.
2014 or later 0.0% 2.3% 2.5%
2010 to 2013 4.0% 2.6% 2.7%
2000 to 2009 3.3% 11.4% 14.0%
1990 to 1999 4.4% 14.3% 13.9%
1980 to 1989 7.8% 15.3% 13.4%
1970 to 1979 6.3% 14.1% 15.2%
1960 to 1969 9.8% 11.5% 10.6%
1950 to 1959 11.8% 11.4% 10.3%
1940 to 1949 12.7% 5.2% 4.9%
1939 or earlier 40.0% 11.8% 12.6%

Age of Homes in ZIP Code 21562

See the chart below for details on the age of homes in ZIP Code 21562, 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 21562

Frequently asked questions about housing in this Westernport, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21562.

1

What is the average home value ZIP Code 21562?

The median home value in ZIP Code 21562 (Westernport, MD) is $86,400.
2

Are homes expensive in ZIP Code 21562?

The median home value in 21562 ($86,400) is an estimated 73% lower than the aggregate median value of $314,800 in Maryland, and is 60% 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 21562?

The vacacy rate for owner-occupied housing in ZIP Code 21562 is 2.8%. This rate is 65% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21562 vacancy rate is 75% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21562 have older homes or newer construction?

In ZIP Code 21562, about 40.0% 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 1940 to 1949. In contrast, 0.0% of homes in 21562 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 21562? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21562 than renter-occupied housing. Owner-occupied units make up 75.6% of housing, compared to 24.4% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21562?

The vacacy rate for rental units in ZIP Code 21562 is 4.9%. This rate is 18% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21562 vacancy rate is 18% lower than the entire U.S. vacancy rate of 6.0%.