Hagerstown housing market
Typical home value
$323K
▲ 2.3% 1 yr
Typical rent
$1,614/mo
▲ 2.9% 1 yr
12-month forecast
+2.4%
#216 of 546 metros
Gross rent yield
6.0%
#263 of 546 · U.S. 6.3%
Days to pending
40 days
▲ +4 days 1 yr
Listings with a price cut
29%
▲ +0.1 pts 1 yr
Key takeaways
- 1The typical home is worth $322,655, up 2.3% in a year and up 26% over five years.
- 2Zillow forecasts home values rising 2.4% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,614/mo (+2.9% YoY), a 6.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,773/mo in principal and interest, $159 more than renting.
- 5Homes go under contract in 40 days (+4 days vs last year); 29% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 44/100, #218 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Hagerstown compares
| Measure | Hagerstown | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.3% | +1.2% | #267 |
| Home value, 5-yr change | +26.5% | +19.7% | |
| 12-month forecast | +2.4% | +1.1% | #216 |
| Rent, 1-yr change | +2.9% | +2.7% | #309 |
| Gross rent yield | 6.0% | 6.3% | #263 |
| Price-to-rent ratio | 16.7 | 15.8 | |
| Mortgage P&I on typical home | $1,773 | $2,012 | |
| Income needed to buy | $84,126 | $100,902 | |
| Days to pending | 40 | 56 |
Cities in the Hagerstown metro
2 cities with home value and rent data.
| Hagerstown | $300K | ■ 0.0% | $1,377 | ▲ 2.6% | 5.5% |
| Martinsburg | $311K | ▲ 3.3% | $1,648 | ▲ 4.6% | 6.3% |
Run the numbers
Rental property calculator
Cash flow on a typical Hagerstown rental ($323K, $1,614/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Hagerstown home.
Rent vs buy
Is it cheaper to rent or buy in Hagerstown?
Other Maryland metros
Baltimore, MD
$397K home$1,937 rent5.9% yield
▲ 0.4% 1 yr
California, MD
$431K home$2,029 rent5.6% yield
▲ 2.7% 1 yr
Cumberland, MD
$168K home$994 rent7.1% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.