Hagerstown, MD housing market
The typical Hagerstown home is worth about $301,000, about the same as a year ago, 30% below the Maryland typical home. Homes typically sell in 52 days, below asking.
Home values, sales, trends and how Hagerstown compares with the towns next door — updated as new data is published.
Hagerstown at a glance
A balanced market
About 4.1 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Hagerstown | Maryland |
|---|---|---|
| 2017 | $170,000 | $290,000 |
| 2018 | $177,000 | $301,000 |
| 2019 | $185,000 | $310,000 |
| 2020 | $194,000 | $322,000 |
| 2021 | $213,000 | $349,000 |
| 2022 | $248,000 | $384,000 |
| 2023 | $265,000 | $398,000 |
| 2024 | $284,000 | $412,000 |
| 2025 | $299,000 | $427,000 |
| 2026 | $301,000 | $429,000 |
| August 2026 | $301,000 | $428,000 |
34 new homes permitted in 2025
Builders were permitted 34 new homes in Hagerstown in 2025: 22 single-family houses and 12 in buildings with two or more homes, worth about $5.8 million to build. That's 0.8 per 1,000 residents, slower than across Maryland (2.4). Over the past 10 years, Hagerstown has permitted 539 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hagerstown gained 3,865 residents while 593 new homes were permitted: about 6.5 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Maryland: 2.5 new residents per new home.
How Hagerstown ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 58 | 58 | 0 | $9 million |
| 2025 | 34 | 22 | 12 | $5.8 million |
| 2024 | 52 | 40 | 12 | $9.8 million |
| 2023 | 66 | 66 | 0 | $8.3 million |
| 2022 | 79 | 79 | 0 | $9.6 million |
| 2021 | 94 | 94 | 0 | $10.5 million |
| 2020 | 82 | 82 | 0 | $9.2 million |
| 2019 | 41 | 41 | 0 | $6.2 million |
| 2018 | 40 | 40 | 0 | $6 million |
| 2017 | 26 | 26 | 0 | $4.3 million |
| 2016 | 25 | 25 | 0 | $3.6 million |
| 2015 | 22 | 22 | 0 | $3.2 million |
| 2014 | 106 | 26 | 80 | $10.4 million |
| 2013 | 142 | 74 | 68 | $16.1 million |
| 2012 | 34 | 32 | 2 | $4.5 million |
| 2011 | 43 | 41 | 2 | $4.7 million |
| 2010 | 114 | 54 | 60 | $13.9 million |
| 2009 | 37 | 37 | 0 | $4.4 million |
| 2008 | 170 | 86 | 84 | $15.6 million |
| 2007 | 133 | 133 | 0 | $16.6 million |
| 2006 | 366 | 198 | 168 | $27.7 million |
| 2005 | 697 | 449 | 248 | $58.9 million |
| 2004 | 447 | 365 | 82 | $38.5 million |
| 2003 | 175 | 127 | 48 | $11.6 million |
| 2002 | 241 | 97 | 144 | $11.8 million |
| 2001 | 228 | 94 | 134 | $8.6 million |
| 2000 | 105 | 63 | 42 | $4.3 million |
How Hagerstown ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Hagerstown and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Hagerstown | $301K | +0.3% | $1,280 | 34 | $52,221 |
| Halfway | $287K | +0.1% | $1,250 | — | $71,036 |
| Robinwood | $377K | +1% | $1,430 | — | $90,840 |
| Fountainhead-Orchard Hills | — | +5.2%† | $1,440 | — | $103,340 |
| Paramount-Long Meadow | — | +5.2%† | $1,440 | — | $122,262 |
| Funkstown | $272K | −0.4% | $1,130 | — | $61,392 |
† FHFA price index change, where Zillow has no home value for the town.
5.8 years of income
The typical Hagerstown home costs about 5.8 years of the town's median household income, more than across Maryland (4.1 years).
How Hagerstown ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,280
HUD's Fair Market Rent for a two-bedroom in Hagerstown is $1,280 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hagerstown pay a median of $1,114, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $880 · 4 bedrooms $1,930
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (21740, 21742; Hagerstown, MD HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.