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These days, finding an affordable place to live in the Hagerstown area can be challenging. Home prices in Hagerstown are now at a median cost of $142,135, lower than the Indiana average of $232,932.
The average cost of rent is $695/mo in Hagerstown, primarily driven by the current value of real estate in the Hagerstown area. In Hagerstown, 14.79% of households rent, and 38.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hagerstown is $5,971 per month. Households that rent pay about 11.64% of their income on rent here. Hagerstown’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Millville, IN: higher priced homes
- Economy, IN: higher priced homes
- Jacksonburg, IN: higher priced homes
- Pershing, IN: equally priced homes
- Greens Fork, IN: higher priced homes
- Cambridge City, IN: less expensive homes
- East Germantown, IN: less expensive homes
- Dublin, IN: less expensive homes
- Mooreland, IN: higher priced homes
- Messick, IN: higher priced homes
Cities with Similar Populations
- North Wildwood, NJ: higher priced homes
- Central City, NE: higher priced homes
- Edgewood, FL: higher priced homes
- Anahuac, TX: higher priced homes
- Quincy, CA: higher priced homes
- Unadilla, NY: equally priced homes
- Hope, IN: higher priced homes
- Westtown, NY: higher priced homes
- Dry Prong, LA: higher priced homes
- DeLeon, TX: less expensive homes
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