The housing market in Hagerstown-Martinsburg, MD Metro Area is thriving. The median value of homes in this area is estimated to be $267,300, which is significantly lower than the national median value of $338,100. In addition, the one year appreciation rate for homes in this area is 11.75%, which is higher than the national average of 8.27%. This indicates that there is an increase in demand for homes in this region and that property values are appreciating at a steady rate. With these attractive conditions and a vibrant job market in the region, it's no surprise that Hagerstown-Martinsburg, MD Metro Area has become a desirable place to live and invest in real estate.
The median home cost in Hagerstown-Martinsburg Metro Area is $267,300. Home appreciation the last 10 years has been 74.0%. Home Appreciation in Hagerstown-Martinsburg Metro Area is up 13.6%.
Average Age of Homes
- The median age of Hagerstown-Martinsburg Metro Area real estate is 33 years old
The Rental Market in Hagerstown-Martinsburg Metro Area
- Renters make up 28.3% of the Hagerstown-Martinsburg Metro Area population
- 1.2% of houses and apartments in Hagerstown-Martinsburg Metro Area, 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.