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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 $275,785, lower than the Maryland average of $450,578.
The average cost of rent is $1,228/mo in Hagerstown, primarily driven by the current value of real estate in the Hagerstown area. In Hagerstown, 42.77% of households rent, and 33.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hagerstown is $6,241 per month. Households that rent pay about 19.67% of their income on rent here. Hagerstown’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Funkstown, MD: less expensive homes
- Halfway, MD: equally priced homes
- Fountainhead-Orchard Hills, MD: higher priced homes
- Maugansville, MD: higher priced homes
- St. James, MD: higher priced homes
- Cearfoss, MD: higher priced homes
- Williamsport, MD: equally priced homes
- State Line, PA: equally priced homes
- Jugtown, MD: higher priced homes
- Wilson-Conococheague, MD: equally priced homes
Cities with Similar Populations
- Green Bay, WI: less expensive homes
- Greenville, SC: equally priced homes
- Greer, SC: higher priced homes
- Gresham, OR: higher priced homes
- Greenwood, IN: higher priced homes
- Hampton, VA: equally priced homes
- Hamilton, OH: less expensive homes
- Greensboro, NC: less expensive homes
- Gainesville, GA: higher priced homes
- Franklin, TN: higher priced homes
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