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|
|Studio for sale||$263,900||-18.6%|
|1 bed for sale||$133,450||+34.1%|
|2 bed for sale||$197,771||+12.1%|
|3 bed for sale||$280,786||-8.4%|
|4+ bed for sale||$399,575||+2.9%|
During Aug 2022, the average price for an apartment in/near Hagerstown, MD decreased by 3.9% to $312,066.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 34.1% to $133,450. Asking price for 2-bed apartment also increased by 12.1% and a place of this size will now cost you $197,771. A 3-bed apartment goes for $280,786, it decreased by 8.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 2.9% and made it up to $399,575.
|Listing Type||Aug||vs Last Month|
|Land for sale||$113,116||+11.8%|
|Houses for sale||$341,975||+2.9%|
|Condos for sale||$216,383||+3.8%|
|Townhouses for sale||$304,375||-11.6%|
|Lofts for sale||$687,499||N/A|
|Apartments for sale||$114,900||N/A|
While assessing the property pricing Hagerstown, MD, you can note that it remains flat with a price tag of $114,900. Price reports demonstrate that house price increased by 2.9% this month making it up to $341,975. Condos are really in demand in this season. The median price for a condo increased by 3.8%, it’s now available for $216,383. The price statistics of lofts have not significantly changed, it now still goes for $687,499. The property value of townhouses decreased by 11.6%, you’ll have to spend around $304,375 to get one.