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Hagerstown

Learn about the people, housing, costs and businesses in Hagerstown, Maryland

Median Home$216,015
Median Rent$1,100/month
Population42,826
Leading IndustriesFinance & Insurance · Information & Media · Education9% finance & insurance
Home Value Growth⬆⬆⬆+21.2% over 2 years
Young Adults30% of residentsabove average nationally
Renters52% of occupied units
NotableAmenity Score79/100 · highly walkable area
Hagerstown
MD

Frequently Asked Questions

What are today's mortgage rates in Hagerstown?

As of today, the 30-year fixed mortgage rate for Hagerstown is approximately 6.982% (7.030% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hagerstown?

The median home value in Hagerstown is $216k. The median monthly rent is $1,100. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hagerstown?

Home values in Hagerstown have increased 21.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hagerstown?

Based on a typical all-in ownership cost of $1,104/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hagerstown is $53k/year.

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What industries drive the economy in Hagerstown?

The largest employment sectors in Hagerstown are public administration (21%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.