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According to statistics, the population in Hagerstown, MD amounts to 40,222, which shows decline 0% compared to the previous year. The median age of the city’s residents is 35. The average household income is $40,761, shifting growth 1% from the past year, and the average property value in Hagerstown, MD decline -1% to $148,300 throughout the year.
|Number Of Employees||17,540|
|Median Property Value||$148,300|
The average household income in Hagerstown, MD grew from $40,342 to $40,761 in the past year. This data is an estimate based upon 16,241 households in Hagerstown, MD . The chart below presents how household income is distributed in Hagerstown, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hagerstown, MD shifted from $149,400 to $148,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hagerstown, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hagerstown, MD properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hagerstown, MD compared to median property taxes around the country. The prevalent amount of property taxes in Hagerstown, MD equals $2500, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed apartments||$164,233||+0%|
|3 bed apartments||$256,563||+11%|
|4+ bed apartments||$422,612||+0.8%|
During Aug 2021, the average price for an apartment in/near Hagerstown, MD increased by 6.6% to $315,069.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $164,233. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $256,563. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $422,612 for a big-family home.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$176,500||-11.4%|
|Lofts for sale||$294,950||-12%|
|Houses for sale||$343,986||+1.7%|
|Condos for sale||$99,900||-69.9%|
According to statistics, average house is still $343,986 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $99,900. The price statistics of lofts have not significantly changed, it now still goes for $294,950. Value of the townhouses didn’t change, the price still starts at $176,500.
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