Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hagerstown, Maryland.
Pre-filled with Hagerstown median home price and Maryland tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maryland rates and fees applied to Hagerstown prices.
The median home price in Hagerstown is $265,000, 37% below the Maryland state median of $420,000. With a population of 44,371, Hagerstown is a smaller market where home prices tend to be more accessible than in many parts of Maryland.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $265,000 home in Hagerstown would carry roughly $241/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Hagerstown is $1,220/month. The price-to-rent ratio in Hagerstown is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Hagerstown presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.