Hagerstown, MD is a great place to live and invest in property. The median value of housing in the city is $248,200, which is significantly lower than the US median value of $338,100. Despite this difference, Hagerstown has seen a robust appreciation rate of 7.84% over the last year – only slightly lower than the US average of 8.27%. This makes it an attractive and affordable option for potential homeowners and investors looking to get into the real estate market.
The median home cost in Hagerstown is $248,200. Home appreciation the last 10 years has been 62.2%. Home Appreciation in Hagerstown is up 11.5%.
Average Age of Homes
- The median age of Hagerstown real estate is 59 years old
The Rental Market in Hagerstown
- Renters make up 54.0% of the Hagerstown population
- 3.0% of houses and apartments in Hagerstown, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.