Market Overview
Home Prices in Hagerstown, MD
The median home value in Hagerstown, MD is $307,383 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hagerstown are priced25% below average. Hagerstown is part of the Hagerstown-Martinsburg, MD-WV metro area.
Over the past five years, Hagerstown home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Hagerstown Home Price Trend
City Comparison
Hagerstown vs. National Median
At $307,383, homes in Hagerstown cost 25% below the national median of $410,000. This makes Hagerstown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hagerstown?
20% Down Payment
$61,477
on $307,383
Monthly P&I
$1,603/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,036/mo
incl. taxes & insurance
Income Needed
$81,440
gross annual (30% rule)
10% Down Option
$30,738
+ PMI applies
Loan Amount (20% dn)
$245,906
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hagerstown, MD?
The median home value in Hagerstown is $307,383 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Hagerstown?
Over the past year, home values in Hagerstown have increased by 0.6%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Hagerstown?
To comfortably afford the median home price of $307,383 with a 20% down payment ($61,477) at today's rates (6.8%), you'd need a gross annual income of approximately $81,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Hagerstown compare to the national average home price?
The national median home value is approximately $410,000. At $307,383, homes in Hagerstown are 25% below the national average.
What metro area is Hagerstown part of?
Hagerstown is part of the Hagerstown-Martinsburg, MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.