Hagerstown, IN—47346
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hagerstown, IN
As of Nov '25, the median home price in Hagerstown, IN is $204,000, with a year-over-year change of 8.0%. This indicates that home prices in Hagerstown, IN are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 8.0% |
| Single Family | $203,000 | 8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $145,000 | 9.8% |
3 Bed | $213,000 | 7.6% |
4 Bed | $237,000 | 7.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hagerstown, IN
Hagerstown, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Hagerstown, IN
As of Nov '25, Realtor.com reports that the median days on market for a home in Hagerstown, IN is 18. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $145,000 | 87.0% |
Listing Count | 7 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 18 | -15.0% |
Demographics — Hagerstown, IN
As of the latest ACS Survey released in 2023, Hagerstown, IN has a population of 4,120, which has increased by 4.5% over the past 5 years. Hagerstown, IN is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,120 | 4.5% |
% Under 18 | 24.7% | 11.8% |
% Seniors | 18.0% | -7.2% |
% WFH | 10.8% | 237.5% |
% w/ College Degree | 17.2% | -12.7% |
As of the latest ACS Survey released in 2023, Hagerstown, IN is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Hagerstown, IN is hispanic, making up 3.7% of the population. Foreign-born residents account for 0.4% of the population in Hagerstown, IN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.7% | -5.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.7% | 1,750.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.4% | 0.0% |
Mortgage and Risk — Hagerstown, IN
According to HUD data as of 2023, there were 70 mortgage originations in Hagerstown, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Hagerstown, IN. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 20.0% |
Rentals and Section 8 — Hagerstown, IN
Hagerstown, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Hagerstown, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $204,000 |
| Median Household Income | $69,200 |