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Lonaconing, MD—21539

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$107,000
7.3% YoY Growth
Household Income
$51,700
7.8% YoY Growth
Days on Market
90
96.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$798
8.9% YoY Growth
1-Bed Rent
$798
8.9% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lonaconing, MD

As of Dec '25, the median home price in Lonaconing, MD is $107,000, with a year-over-year change of -7.3%. This indicates that home prices in Lonaconing, MD are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$107,000-7.3%
Single Family $107,000-7.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    17.5%
    2 Bedrooms
    19.4%
    3 Bedrooms
    49.7%
    4 Bedrooms
    11.8%
    5+ Bedrooms
    1.6%

    Rental Trends — Lonaconing, MD

    As of July '25, Rentcast reports the average rent in Lonaconing, MD is $798, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Lonaconing, MD is 1-bedrooms: $798. The most common rental property sizes in Lonaconing, MD are 3-bedroom and 1-bedroom, accounting for 36.1% and 34.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$798$798
    Studio Rent N/AN/A
    1 Bed Rent $798$798
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    34.1%
    2 Bedrooms
    21.3%
    3 Bedrooms
    36.1%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    2.8%

    Property Listings — Lonaconing, MD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lonaconing, MD is 69. This is a increase of 107.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$170,00034.0%
    Listing Count
    		715.0%
    Listings as % of Homes0.6%15.0%
    Days on Market
    		9096.0%
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    Demographics — Lonaconing, MD

    As of the latest ACS Survey released in 2023, Lonaconing, MD has a population of 1,850, which has decreased by -34.2% over the past 5 years. Lonaconing, MD is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,850-34.2%
    % Under 18
    		20.2%2.5%
    % Seniors
    		26.9%25.7%
    % WFH
    		2.2%633.3%
    % w/ College Degree
    		17.8%6.0%
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    As of the latest ACS Survey released in 2023, Lonaconing, MD is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Lonaconing, MD is hispanic, making up 3.3% of the population. Foreign-born residents account for 2.3% of the population in Lonaconing, MD, and this percentage has increased by 283.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		93.9%-4.4%
    % Black
    		0.2%-66.7%
    % Hispanic
    		3.3%1,000.0%
    % Asian
    		1.2%71.4%
    % Foreign Born
    		2.3%283.3%
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    Mortgage and Risk — Lonaconing, MD

    According to HUD data as of 2023, there were 30 mortgage originations in Lonaconing, MD, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Lonaconing, MD. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		30
    % Conventional Loans
    		67.0%
    % Government Loans
    		33.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Lonaconing, MD

    Lonaconing, MD lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		10
    Total Units Section 8
    		10
    % Rentals under Section 8
    		4.8%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$38$798$760
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,240
    4 BedroomN/AN/A$1,420

    Affordability — Lonaconing, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2
    Median Home Price$107,000
    Median Household Income$51,700

    Lonaconing, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Midland

    21542

    Barton, MD

    21521

    Midlothian

    21543

    Frostburg, MD

    21532

    Westernport, MD

    21562

    Frequently Asked Questions