City · 5,121 residents · Allegany County, Maryland
Cresaptown, Maryland
In Cresaptown, a typical home is worth $142,600. Compared with all of Allegany County, typical household income is 15% higher, the typical home value is 8% lower, and the share of households that own their home is 23 points higher.
Cresaptown is in Allegany County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Allegany County. See the county
What this place has that others do not, from public data, most unusual first.
1
Cresaptown has the 2nd lowest typical home value of the 202 cities in Maryland with more than 5,000 people ($142,600).
2
94% of households in Cresaptown own their home, against 71% in Allegany County.
3
Cresaptown has the 18th lowest typical household income of the 202 cities in Maryland with more than 5,000 people ($68,370).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Cresaptown
What homes there are in Cresaptown, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Cresaptown
Allegany County
Maryland
United States
Kind of home: Cresaptown and its comparisons
Measure
Cresaptown
Allegany County
Maryland
United States
Detached house
95%
72%
51%
61%
Attached house
Unreliable estimate
5%
21%
6%
Building of 2 to 4
Unreliable estimate
8%
4%
8%
Apartments (5 or more)
Unreliable estimate
11%
23%
19%
Mobile home
Unreliable estimate
5%
1%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Cresaptown: 95% of homes, more than in Allegany County (72%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Cresaptown
Allegany County
Maryland
United States
Year built: Cresaptown and its comparisons
Measure
Cresaptown
Allegany County
Maryland
United States
Before 1960
46%
51%
26%
26%
1960–1979
36%
26%
25%
24%
1980–1999
Unreliable estimate
15%
28%
25%
2000–2009
Unreliable estimate
5%
12%
14%
2010 or later
Unreliable estimate
3%
9%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K67%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Cresaptown and its comparisons
Measure
Cresaptown
Under $100K
Unreliable estimate
$100K–$200K
67%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Cresaptown and its comparisons
Measure
Cresaptown
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,035 a month
Allegany County: $1,255 a month
Without a mortgage
$393 a month
Allegany County: $486 a month
Owners with a mortgage
63%
Allegany County: 52%
In Cresaptown, 63% of owners have a mortgage, and their typical cost is $1,035 a month, against $1,255 in Allegany County. Without one it drops to $393.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
CresaptownBoundaries changed
Allegany County+28%
Maryland+33%
United States+53%
Typical rent
CresaptownBoundaries changed
Allegany County+16%
Maryland+23%
United States+33%
Typical household income
CresaptownBoundaries changed
Allegany County+30%
Maryland+22%
United States+29%
Change since 2015–2019: Cresaptown and its comparisons
Measure
Cresaptown
Allegany County
Maryland
United States
Typical home value
Boundaries changed
+28%
+33%
+53%
Typical rent
Boundaries changed
+16%
+23%
+33%
Typical household income
Boundaries changed
+30%
+22%
+29%
Cresaptown does not have the same boundaries as in 2015–2019: that is why there is no change to compare. For reference, in Allegany County the typical home value rose 28%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Cresaptown and its comparisons
Measure
Cresaptown
Allegany County
Maryland
United States
Rental vacancy
Unreliable estimate
6.9%
4.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.1%
2.5%
3.4%
People per household
2.40
2.23
2.57
2.53
Drive alone
84%
79%
65%
69%
Carpool
Unreliable estimate
8%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
4%
3%
Walk or bike
Unreliable estimate
3%
2%
3%
Work from home
Unreliable estimate
9%
19%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Cresaptown has 2.40 people, more than in Allegany County (2.23).
To get to work, 84% of workers in Cresaptown drive alone; in Allegany County, 79%.
Do the math
What would you pay each month for a home in Cresaptown?
A typical home is within reach of the typical income
We start with a typical home in Cresaptown, worth $142,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 21% of the typical household income in Cresaptown, which is $68,370 a year.
The calculator's FHA and conventional loan limits are those of all of Allegany County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Cresaptown. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,991 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,184
at 7.18% · 30 years
Loan amount
$140,017
Total interest
$201,452
Paid off in
November 2056
Includes $2,408 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,595 a month
Your payment · 21%
Tight
$1,595 to $2,051 a month
Hard
more than $2,051 a month
Compared with the typical household income in Cresaptown ($68,370 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$949
Property tax
$113
Home insurance
$59
FHA mortgage insurance (MIP)
$63
You need at least $4,991 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,184; principal and interest $949.
The city and its county
Cresaptown and Allegany County
Cresaptown is in Allegany County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Cresaptown
Map of Allegany County, Maryland, with Cresaptown marked. Around it, the neighboring counties.
Cresaptown
Allegany County
Other cities with a page
Cresaptown's own numbers
Typical home value
$142,600
Typical yearly household income
$68,370
Households that own their home
94%
Effective property tax rate
0.95%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Allegany County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
1.4%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Allegany County.
A typical home in Cresaptown is worth $142,600: 8% below the county and 66% below Maryland. With the typical household income in Cresaptown ($68,370 a year), a typical home costs 2.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Cresaptown2.1 years
Allegany2.6 years
Maryland4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Allegany County
According to FHFA’s house price index, home prices in Allegany County rose 60% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Allegany County.
Yearly change in FHFA’s price index in Allegany County, 2016 to 2025
2016: −0.8% −0.8% 2016
2017: +3.7% +3.7% 2017
2018: −1.1% −1.1% 2018
2019: +3.9% +3.9% 2019
2020: +4.1% +4.1% 2020
2021: +8.1% +8.1% 2021
2022: +13.2% +13.2% 2022
2023: +6.6% +6.6% 2023
2024: +7.6% +7.6% 2024
2025: +3.3% +3.3% 2025
Change in FHFA’s price index in Allegany County, Maryland and the United States
Period
County
Maryland
U.S.
Last year (2025)
+3.3%
+2.7%
+2.9%
5 years (2020–2025)
+45%
+40%
+47%
10 years (2015–2025)
+60%
+60%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Cresaptown next to Allegany County, Maryland and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Cresaptown$142,600
Allegany$154,900
Maryland$419,900
United States$332,700
Typical yearly household income
Cresaptown$68,370
Allegany$59,603
Maryland$103,678
United States$80,734
See the full table
Cresaptown next to Allegany County and Maryland
Measure
Cresaptown
Allegany County
Maryland
U.S.
Typical home value
$142,600 ▼8% below the county
$154,900
$419,900
$332,700
Typical yearly household income
$68,370 ▲15% above the county
$59,603
$103,678
$80,734
Households that own their home
94% ▲23 points above the county
71%
68%
65%
Typical yearly property tax
$1,360 ▼17% below the county
$1,636
$4,093
$3,119
Effective property tax rate
0.95% ▼0.11 points below the county
1.06%
0.97%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Allegany County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Cresaptown
For a typical $142,600 home in Cresaptown, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cresaptown's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,184a month
Least cash to close
Down payment
$4,991
Cash to close
$9,269
Rate
7.18%
Mortgage insurance
FHA MIP · $63
Conventional, 5% down$1,158a month
Down payment
$7,130
Cash to close
$11,408
Rate
7.18%
Mortgage insurance
PMI · $68
Conventional, 20% down, no PMI$945a month
Down payment
$28,520
Cash to close
$32,798
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,077a month
Down payment
$21,390
Cash to close
$25,668
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Cresaptown
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,184
$4,991
$140,017
7.18%
FHA MIP · $63
$9,269
580
Conventional, 5% down
$1,158
$7,130
$135,470
7.18%
PMI · $68
$11,408
620*
Conventional, 20% down, no PMI
$945
$28,520
$114,080
7.18%
None
$32,798
620*
ITIN, 15% down (example)
$1,077
$21,390
$121,210
8.18%
None
$25,668
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cresaptown and for Allegany County.
Property tax
Effective rate in Cresaptown
0.95%of the home’s value each year
$1,360 a year for the typical owner in Cresaptown.
Cresaptown0.95%
Allegany1.06%
Maryland0.97%
What Maryland publishesHomestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))
The Census Bureau publishes no typical rent for Cresaptown. Below are the fair market rents for Allegany County.
HUD publishes a fair market rent for all of Allegany County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Allegany County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$862
$16.58
$34,480
1 bedroom
$888
$17.08
$35,520
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,383
$26.60
$55,320
4 bedrooms
$1,468
$28.23
$58,720
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Cresaptown
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cresaptown is in ZIP code 21502.
For 2 bedrooms it is $1,010: $4 less than the fair market rent for Allegany County ($1,014).
Fair market rent by ZIP code and size in Cresaptown, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
21502
$860
$890
$1,010
$1,390
$1,480
ZIP code2 bd3 bd
21502 $1,010$1,390
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cresaptown when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Allegany County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Cresaptown or Allegany County. The ones below are statewide in Maryland: they work in Cresaptown the same as in the rest of the state.
Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan.Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).
Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan.Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).
Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home.Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).
No legal help resource on our list is for Cresaptown or Allegany County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Cresaptown and all of Allegany County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Cresaptown?
The typical home value in Cresaptown is $142,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Allegany County it is $154,900.
What is the FHA loan limit in Cresaptown?
Cresaptown uses the FHA limit for all of Allegany County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Cresaptown?
The typical homeowner in Cresaptown pays $1,360 a year, according to the U.S. Census Bureau. That is 0.95% of the home’s value; in Allegany County, the rate is 1.06%.
Where can I find free help to buy or rent in Cresaptown?
There is 1 HUD-approved counseling agency with an office in Allegany County. They can help you get ready to buy, with your credit, or with rent.
