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📍 Hancock, MD · Zillow ZHVI · July 2026

Average Home Price in
Hancock, MD

Hagerstown-Martinsburg, MD-WV metro area · Washington County County

Median Home Value
$262,563
↑ 2.5% year-over-year
vs. National Median
$410,000
Hancock is 36% below
Est. Monthly Payment
$1,369/mo
20% down · 6.8% rate
Income Needed
$70K
gross annual (30% rule)
Median Home Value
$262,563
↑ 2.5% year-over-year
Down Payment (20%)$52,513
Monthly P&I$1,369/mo
With Taxes & Ins.~$1,739/mo
Income Needed$69,560/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Hancock, MD

The median home value in Hancock, MD is $262,563 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 3.9% from two years prior.

Compared to the U.S. national median of $410,000, homes in Hancock are priced36% below average. Hancock is part of the Hagerstown-Martinsburg, MD-WV metro area.

Over the past five years, Hancock home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.

City Comparison

Hancock vs. National Median

🏠 Hancock
$262,563
National Median
$410,000

At $262,563, homes in Hancock cost 36% below the national median of $410,000. This makes Hancock a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Hancock?

20% Down Payment
$52,513
on $262,563
Monthly P&I
$1,369/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,739/mo
incl. taxes & insurance
Income Needed
$69,560
gross annual (30% rule)
10% Down Option
$26,256
+ PMI applies
Loan Amount (20% dn)
$210,050
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 Hancock, MD?
The median home value in Hancock is $262,563 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Hancock?
Over the past year, home values in Hancock have increased by 2.5%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Hancock?
To comfortably afford the median home price of $262,563 with a 20% down payment ($52,513) at today's rates (6.8%), you'd need a gross annual income of approximately $69,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Hancock compare to the national average home price?
The national median home value is approximately $410,000. At $262,563, homes in Hancock are 36% below the national average.
What metro area is Hancock part of?
Hancock is part of the Hagerstown-Martinsburg, MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.