Hagerstown, MD 21740 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hagerstown, MD—21740

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$286,000

1.6% YoY Growth

Household Income

$59,400

23.4% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

2.1%

Median Rent

$1,350

7.9% YoY Growth

1-Bed Rent

$980

9.7% YoY Growth

2-Bed Rent

$1,280

8.1% YoY Growth

3-Bed Rent

$1,800

8.2% YoY Growth

Home Price Trends — Hagerstown, MD

As of Dec '25, the median home price in Hagerstown, MD is $286,000, with a year-over-year change of 1.6%. This indicates that home prices in Hagerstown, MD are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$286,000	1.6%
Single Family	$289,000	1.0%
Condos	$176,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hagerstown, MD

As of July '25, Rentcast reports the average rent in Hagerstown, MD is $1,500, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Hagerstown, MD is studios: $924, 1-bedrooms: $1,050, 2-bedrooms: $1,340, 3-bedrooms: $1,840, 4-bedrooms: $2,650. The most common rental property sizes in Hagerstown, MD are 2-bedroom and 3-bedroom, accounting for 34.1% and 28.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,500
Studio Rent	$950	$924
1 Bed Rent	$980	$1,050
2 Bed Rent	$1,280	$1,340
3 Bed Rent	$1,800	$1,840
4 Bed Rent	$2,350	$2,650

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% of Rental Stock

Studio

5.1%

1 Bedroom

26.6%

2 Bedrooms

34.1%

3 Bedrooms

28.8%

4 Bedrooms

4.4%

5+ Bedrooms

1.0%

Property Listings — Hagerstown, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Hagerstown, MD is 42. This is a increase of 28.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$313,000	5.0%
Listing Count	221	20.0%
Listings as % of Homes	0.7%	20.0%
Days on Market	55	28.0%

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Demographics — Hagerstown, MD

As of the latest ACS Survey released in 2023, Hagerstown, MD has a population of 63,100, which has increased by 2.2% over the past 5 years. Hagerstown, MD is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	63,100	2.2%
% Under 18	22.2%	-2.2%
% Seniors	16.3%	11.6%
% WFH	10.1%	140.5%
% w/ College Degree	20.1%	20.4%

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As of the latest ACS Survey released in 2023, Hagerstown, MD is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Hagerstown, MD is black, making up 18.1% of the population. Foreign-born residents account for 8.5% of the population in Hagerstown, MD, and this percentage has increased by 46.6% 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	64.3%	-9.3%
% Black	18.1%	14.6%
% Hispanic	9.9%	41.4%
% Asian	1.8%	0.0%
% Foreign Born	8.5%	46.6%

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Mortgage and Risk — Hagerstown, MD

According to HUD data as of 2023, there were 1259 mortgage originations in Hagerstown, MD, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Hagerstown, MD. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,259
% Conventional Loans	64.0%
% Government Loans	36.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Hagerstown, MD

As of 2024, the percent of homes in Hagerstown, MD under the Section 8 program is 14.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hagerstown, MD, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	2,644
Total Units Section 8	1,571
% Rentals under Section 8	14.1%
% Occupied Section 8	84.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$70	$980	$910
2 Bedroom	-$80	$1,280	$1,200
3 Bedroom	-$150	$1,800	$1,650
4 Bedroom	-$510	$2,350	$1,840

Hagerstown, MD—21740

Key Metrics at a Glance

Home Price Trends — Hagerstown, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hagerstown, MD

% of Rental Stock

Property Listings — Hagerstown, MD

Demographics — Hagerstown, MD

Race and Ethnicity

Mortgage and Risk — Hagerstown, MD

Mortgages

Rentals and Section 8 — Hagerstown, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Hagerstown, MD

Home Price to Income Ratio

Hagerstown, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Funkstown

Maugansville, MD

Roxbury

Fairplay, MD

Paramount-Long Meadow, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$286,000
Median Household Income	$59,400

Hagerstown, MD—21740

Key Metrics at a Glance

Home Price Trends — Hagerstown, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hagerstown, MD

% of Rental Stock

Property Listings — Hagerstown, MD

Demographics — Hagerstown, MD

Race and Ethnicity

Mortgage and Risk — Hagerstown, MD

Mortgages

Rentals and Section 8 — Hagerstown, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Hagerstown, MD

Home Price to Income Ratio

Hagerstown, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Funkstown

Maugansville, MD

Roxbury

Fairplay, MD

Paramount-Long Meadow, MD

Frequently Asked Questions

What is the average home price in Hagerstown, MD 21740?

How have home prices in Hagerstown, MD 21740 changed over the past year?

What is the home price projection for Hagerstown, MD 21740?

What are the demographics of Hagerstown, MD 21740?

How long does it take homes to sell in Hagerstown, MD 21740?

What is the average rent price in Hagerstown, MD 21740?