Oldtown, Maryland.
Typical home $202,662 (+8.3% in a year). Cumberland, MD-WV metro.
to buy the typical home at today's mortgage rate — +$570 (+115%) since Jan 2020.
- 1 year
- Up $15,464 +8%
- $187,197$202,662 since Sep 2025
- 5 years
- Up $41,466 +26%
- $161,196$202,662 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Oldtown$1,064
- Maryland$2,230
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Oldtown, MD rose 8.3% over the past year — faster than the nation's +1.2%.
Living in Oldtown, Allegany County, Maryland
Oldtown, in Allegany County, had 116 people in the 2020 census. Unemployment in Allegany County was 5.1% in August 2026, and the county had 0.7% fewer jobs in 2025 than the year before. The most people in Allegany County work in schools and health care, then shops.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Oldtown is a small community in Allegany County, in the western part of Maryland. It is a quiet place where people tend to know one another, and it sits among the hills and river valleys that shape much of this part of the state.
Work. Many residents work in schools, hospitals and social care, in local shops, or in restaurants, hotels and entertainment. Government is another common source of work. Across Allegany County, unemployment has risen over the past year and the number of jobs has edged down, so people here tend to watch the local job market closely. Winters are cold and bring a fair amount of snow, while summers are warm and the rain falls steadily through the year.
Things to do. The Michael Cresap House is a museum in or beside town, named for an early settler of the area. Fort Cumberland, a fort a longer drive away, offers a look at the region's history. Springfield Wildlife Management Area, a protected area a short drive away, is a place for walking and seeing the countryside.
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What people in Allegany County work in
Employed residents by industry, from the Census survey. Allegany County had 26,493 jobs in 2025, 0.7% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 39° and lows near 22°; warmest in July, with highs near 87° and lows near 64°. About 29 inches of snow and 39 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Cumberland weather station, 10 miles away (NOAA).
Largest workplaces in Allegany County
- Upmc-western MarylandGeneral hospital1,966FTE
- Allegany County Public SchoolsSchool district1,276FTE
- Frostburg State UniversityUniversity or college836
- WalmartWarehouse clubs and supercenters549
- Allegany College of MarylandTwo-year college472
- Allegany388
- American Woodmark - AlleganyCabinets, kitchen, stock or custom wood, manufacturing388
- Berry GlobalBadges, plastics, manufacturing219
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 39 workplaces with 20 or more staff, 6,275 people in all across the county; Oldtown has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LandslidesRelatively high
- Strong windRelatively high
- DroughtRelatively moderate
- HailRelatively moderate
- Winter weatherRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Oldtown’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Allegany County and the Cumberland, MD-WV metro.
Oldtown home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Oldtown$202,662
- Maryland$424,890
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Oldtown address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Oldtown — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.