Lonaconing, MD—21539
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lonaconing, MD
As of Oct '25, the median home price in Lonaconing, MD is $111,000, with a year-over-year change of -7.4%. This indicates that home prices in Lonaconing, MD are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $111,000 | -7.4% |
| Single Family | $111,000 | -7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $798 | $798 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $798 | $798 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lonaconing, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Lonaconing, MD is 104. This is a increase of 66.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $113,000 | 54.0% |
Listing Count | 8 | -7.0% |
| Listings as % of Homes | 0.6% | -7.0% |
Days on Market | 104 | 66.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$38 | $798 | $760 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Lonaconing, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $111,000 |
| Median Household Income | $51,700 |