How much is a home worth in ZIP code 21502?

The typical home in 21502 is worth $154,435, based on the Zillow Home Value Index.

Are home values rising in 21502?

Home values in 21502 are up 4.8% over the past year, and up 5.1% a year over five years.

What is the typical rent in 21502?

A typical home in 21502 rents for about $1,112 a month, a gross rental yield of 8.6%.

What is the property tax rate in 21502?

The effective property tax rate in 21502 is 1.1% — roughly $1,693 a year on a typical home.

ZIP code 21502 has a population of 41,015 and a median household income of $60,725.

HousingHandbookReference data

…

U.S. ZIP Code · MD21502

Allegany County

Typical home value

$154,435^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.8%
5-year / yr: +5.1%
10-year / yr: +5.0%

Relative price

vs U.S.: -45.6%
vs metro: —
vs state: -65.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 21502 is worth $154,435. Over the past year, values have risen 4.8%. Homes here rent for a typical $1,112 a month — a 8.6% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,112^[2]
Gross yield: 8.6%^[2]
Cap rate: 5.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $1,693^[3]

#Climate risk

FEMA National Risk Index ratings for Allegany County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Relatively Moderate

#Who lives here

Population: 41,015^[3]
Median household income: $60,725^[3]

#Migration

Household moves in and out of Allegany County over a year, from IRS tax-return data.

Net migration: +131^[5]
Moved in: 1,128
Moved out: 997

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 8
Middle: 2
High: 3

Allegany High
High · Grades 9–12 · Allegany County Public Schools
690 students
Fort Hill High
High · Grades 9–12 · Allegany County Public Schools
680 students
Braddock Middle
Middle · Grades 6–8 · Allegany County Public Schools
586 students
Washington Middle
Middle · Grades 6–8 · Allegany County Public Schools
569 students
South Penn Elementary
Elementary · Grades PK–5 · Allegany County Public Schools
512 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.6%

Net yield (after ~40% expenses)5.2%

Annual rent$13,339

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$781

Loan principal$123,548

Down payment$30,887

Total interest paid$157,579

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.95

Monthly cost to own$1,051

Monthly rent$1,112

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: —^[1]
Rental yield: —^[2]
Property tax: —^[3]

Frequently asked

How much is a home worth in ZIP code 21502?: The typical home in 21502 is worth $154,435, based on the Zillow Home Value Index.
Are home values rising in 21502?: Home values in 21502 are up 4.8% over the past year, and up 5.1% a year over five years.
What is the typical rent in 21502?: A typical home in 21502 rents for about $1,112 a month, a gross rental yield of 8.6%.
What is the property tax rate in 21502?: The effective property tax rate in 21502 is 1.1% — roughly $1,693 a year on a typical home.
Who lives in 21502?: ZIP code 21502 has a population of 41,015 and a median household income of $60,725.

Compare ZIPs

Pit ZIP 21502 against any other ZIP — full side-by-side table.

Compare 21502 →

#Articles featuring this ZIP

Explainers, guides, and lists that use 21502 as an example.

Listicle
Affordable + Low Climate Risk + Strong School Coverage: 10 US ZIPs That Hit All Three
A multi-dimensional filter most real-estate sites can't run: affordability + low climate risk + strong school coverage at the ZIP level. The 10 US ZIPs that pass all three filters — and the honest methodology behind what 'pass' means.
Explainer
What FEMA Climate Risk Means for Property Values (and Why the Market Hasn't Caught Up)
FEMA's National Risk Index is the standard US climate risk metric — and most explainers stop at the definition. The data tells a different story: the market has barely priced climate risk in. Where the discount is starting to show.

#Jump to section

U.S. ZIP Code · MD21502

Get more data on ZIPs like this

Get more data on ZIPs like this