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City · 43,665 residents · Washington County, Maryland

Hagerstown , Maryland

In Hagerstown, a typical home is worth $224,500 and typical rent is $1,114 a month. Compared with all of Washington County, typical household income is 33% lower, the typical home value is 24% lower, and the share of households that own their home is 24 points lower.

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  • Typical home value

    $224,500

    24% below the county

    47% below Maryland

    • Hagerstown
    • Washington
    • Maryland

  • Typical rent

    $1,114a month

    3% below the county

    35% below Maryland

    • Hagerstown
    • Washington
    • Maryland

  • Typical household income

    $52,221a year

    33% below the county

    50% below Maryland

    • Hagerstown
    • Washington
    • Maryland

  • Households that own their home

    43%

    24 points below the county

    24 points below Maryland

    • Hagerstown
    • Washington
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$299,551
about the same as 12 months ago
Typical rent
$1,377 a month
2.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hagerstown is in Washington County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Washington County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hagerstown apart

What this place has that others do not, from public data, most unusual first.

  1. Hagerstown has the 3rd lowest typical household income of the 202 cities in Maryland with more than 5,000 people ($52,221).

  2. 43% of households in Hagerstown own their home, against 67% in Washington County.

  3. Hagerstown has the 6th lowest typical home value of the 202 cities in Maryland with more than 5,000 people ($224,500).

  4. Hagerstown has the 8th lowest typical rent of the 195 cities in Maryland with more than 5,000 people ($1,114).

  5. Nearby, in Thurmont, the typical rent is $927: 17% less than in Hagerstown ($1,114).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hagerstown

What homes there are in Hagerstown, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Hagerstown; the largest group, detached houses, adds up to 33%, less than in Washington County (63%).

Year built

The typical home in Hagerstown was built in 1962, 12 years before the typical one in Washington County.

In Hagerstown, 19% of homes have 1 bedroom or none (studios); 52% have 3 bedrooms or more, against 67% in Washington County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Hagerstown sit under the FHA limit for Washington County ($541,287): about 98%.

Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,284), about 63% of rented homes in Hagerstown cost less.

With a mortgage

$1,497 a month

Washington County: $1,715 a month

Without a mortgage

$555 a month

Washington County: $536 a month

Owners with a mortgage

69%

Washington County: 64%

Owning costs less in Hagerstown: with a mortgage, the typical cost is $1,497 a month; in Washington County, $1,715. Without one, $555.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Hagerstown rose 44% since 2015–2019, more than in Washington County (41%).

Since 2015–2019, the typical rent in Hagerstown rose 34%, more than in Washington County (25%).

The typical household income in Hagerstown rose 28%: less than home values (+44%) and rent (+34%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHagerstownWashington CountyMarylandUnited States
Rental vacancy 4.4%4.9%4.7%5.5%
Homeowner vacancy Unreliable estimate1.1%0.8%0.9%
More than one person per room 4.4%2.0%2.5%3.4%
People per household 2.362.482.572.53
Drive alone 68%74%65%69%
Carpool 12%9%8%9%
Public transit 2%1%4%3%
Walk or bike 2%2%2%3%
Work from home 12%12%19%15%
Other means 4%1%2%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Hagerstown, the rental vacancy rate is 4.4%, about the same as in Washington County.

More than one person per room: that is how 4.4% of households in Hagerstown live, more than in Washington County (2.0%).

Much as in Washington County, a household in Hagerstown has 2.36 people on average.

Carpooling is common in Hagerstown: 12% of workers get to work that way, against 9% in Washington County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hagerstown?

A typical home costs more than the typical income allows

We start with a typical home in Hagerstown, worth $224,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Hagerstown, which is $52,221 a year. For that payment to be 28% of income, a household would need to earn about $81,483 a year.

The calculator's FHA and conventional loan limits are those of all of Washington County.

Your numbers

Local data
$

Starts at the typical home value in Hagerstown. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,858 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,901

at 7.18% · 30 years

Loan amount
$220,433
Total interest
$317,152
Paid off in
November 2056

Includes $3,791 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,218 a month

  • Tight

    $1,218 to $1,567 a month

  • Hard

    more than $1,567 a month

    Your payment · 44%

Compared with the typical household income in Hagerstown ($52,221 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,901
Principal & interest$1,493
Property tax$215
Home insurance$94
FHA mortgage insurance (MIP)$99

You need at least $7,858 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hagerstown and Washington County

Hagerstown is in Washington County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hagerstown's own numbers

Typical home value
$224,500
Typical monthly rent
$1,114
Typical yearly household income
$52,221
Households that own their home
43%
Effective property tax rate
1.15%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Washington County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,284
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Washington County.

Everything about Washington County

Buying

Buying a home in Hagerstown

A typical home in Hagerstown is worth $224,500: 24% below the county and 47% below Maryland. With the typical household income in Hagerstown ($52,221 a year), a typical home costs 4.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hagerstown 4.3 years
  • Washington 3.8 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Washington County

According to FHFA’s house price index, home prices in Washington County rose 78% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Washington County.

Period County Maryland U.S.
Last year (2025) +3.3% +2.7% +2.9%
5 years (2020–2025) +51% +40% +47%
10 years (2015–2025) +78% +60% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hagerstown next to Washington County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hagerstown $224,500
  • Washington $296,100
  • Maryland $419,900
  • United States $332,700
Typical monthly rent
  • Hagerstown $1,114
  • Washington $1,147
  • Maryland $1,705
  • United States $1,413
Typical yearly household income
  • Hagerstown $52,221
  • Washington $77,747
  • Maryland $103,678
  • United States $80,734
See the full table
Hagerstown next to Washington County and Maryland
Measure Hagerstown Washington County Maryland U.S.
Typical home value $224,500 $296,100 $419,900 $332,700
Typical monthly rent $1,114 $1,147 $1,705 $1,413
Typical yearly household income $52,221 $77,747 $103,678 $80,734
Households that own their home 43% 67% 68% 65%
Typical yearly property tax $2,585 $2,481 $4,093 $3,119
Effective property tax rate 1.15% 0.84% 0.97% 0.94%
Renters with high rent for their income 52% 47% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Washington County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hagerstown

For a typical $224,500 home in Hagerstown, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hagerstown's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,901a month

    Least cash to close
    Down payment
    $7,858
    Cash to close
    $14,593
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $99

  • Conventional, 5% down $1,860a month

    Down payment
    $11,225
    Cash to close
    $17,960
    Rate
    7.18%
    Mortgage insurance
    PMI · $107

  • Conventional, 20% down, no PMI $1,525a month

    Down payment
    $44,900
    Cash to close
    $51,635
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,733a month

    Down payment
    $33,675
    Cash to close
    $40,410
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hagerstown and for Washington County.

Property tax

Effective rate in Hagerstown

1.15%of the home’s value each year

$2,585 a year for the typical owner in Hagerstown.

  • Hagerstown 1.15%
  • Washington 0.84%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Washington County

FEMA does not publish these numbers by city: they are for all of Washington County.

Homes in the high-risk zone
0.9%
465
Of those, with NFIP insurance
44%
County Maryland U.S.
Homes in the high-risk zone 0.9% 1.2% 3.5%
Of those, with NFIP insurance 44% 74% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hagerstown

Typical rent in Hagerstown is $1,114 a month: 3% below the county. In Hagerstown, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Washington County, by unit size. To pay the 2-bedroom one ($1,284 a month) without spending more than 30% of your income, you would need to earn $24.69 an hour working full time.

HUD fair market rent for all of Washington County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $894 $17.19 $35,760
1 bedroom $982 $18.88 $39,280
2 bedrooms $1,284 $24.69 $51,360
3 bedrooms $1,714 $32.96 $68,560
4 bedrooms $1,923 $36.98 $76,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hagerstown

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hagerstown has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,260 in 21740 to $1,480 in 21742.

1 of the 2 is above the fair market rent for Washington County ($1,284).

  • 21740 $1,260$1,680
  • 21742 $1,480$1,980

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hagerstown when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Hagerstown

HUD lists 27 buildings with rents for lower incomes in Hagerstown. These are the largest.

  • Potomac Towers 11 W Baltimore St, Hagerstown 21740 326 low-income homes · Run by Hagerstown Housing Authority · Average payment: $396 a month · Average wait: 21 months (301) 733-6911
  • Frederick Manor 130 W North Ave, Hagerstown 21740 244 low-income homes · Run by Hagerstown Housing Authority · Average payment: $437 a month · Average wait: 41 months (301) 733-6911
  • Walnut Towers 12 S Walnut St, Hagerstown 21740 150 low-income homes · Run by Hagerstown Housing Authority · Average payment: $368 a month · Average wait: 17 months (301) 733-6911
  • Noland Village 1020A Noland Dr, Hagerstown 21740 116 low-income homes · Run by Hagerstown Housing Authority · Average payment: $439 a month (301) 733-6911
  • Elizabeth Court 55 E Washington St, Hagerstown 21740 111 homes, 110 low-income · For older adults (301) 791-7599

See all 28 buildings in Washington County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hagerstown

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Washington County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Hagerstown

No down payment, repair or rent-help program on our list is for Hagerstown or Washington County. The ones below are statewide in Maryland: they work in Hagerstown the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Hagerstown

The HUD-approved agencies closest to the center of Hagerstown, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • HAGERSTOWN NEIGHBORHOOD DEVELOPMENT PARTNERSHIP, INC.(HNDP)/ aka Hagerstown Home Store

    21 E Franklin St, Hagerstown · 0 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (301) 797-0900

  • The City of Frederick

    100 S Market St, Frederick · 23 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (301) 600-1506

  • Housing Initiative Partnership, Inc.(hip)

    12900 Middlebrook Road, Germantown · 40 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 3 more
    (301) 916-5946

Every agency in Washington County All counseling agencies in Maryland

Help in Spanish near Hagerstown

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hagerstown

HUD’s record names them for Hagerstown or Washington County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Hagerstown Housing Authority Public housing and Section 8 vouchers (301) 733-6911
  • Housing Authority of Washington County Section 8 vouchers (301) 791-3168

All housing agencies in Maryland Source: HUD

Cities

Other cities in Washington County

These cities are also in Washington County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Washington County Housing in Maryland

Nearby cities

The cities closest to Hagerstown, with the typical home value.

Neighboring counties

If Washington County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hagerstown.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Hagerstown

Short answers with the numbers for Hagerstown and all of Washington County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hagerstown?

The typical home value in Hagerstown is $224,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Washington County it is $296,100.

How much does it cost to rent in Hagerstown?

Typical rent in Hagerstown is $1,114 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Washington County is $1,284.

What is the FHA loan limit in Hagerstown?

Hagerstown uses the FHA limit for all of Washington County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Hagerstown?

The typical homeowner in Hagerstown pays $2,585 a year, according to the U.S. Census Bureau. That is 1.15% of the home’s value; in Washington County, the rate is 0.84%.

Where can I find free help to buy or rent in Hagerstown?

There is 1 HUD-approved counseling agency with an office in Washington County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).