Hagerstown, MD

Population: 40,275
Average annual home appreciation rate: -1.23%
Total of homes for sale in this market: 506
Median home price: $152,650
Median Rent: $683 per room
Home price range: 50.56% of homes are between $92,001 – $184,000
Median sales price: $149,900
Number of homes: 331
Median foreclosure sales price: $90,000
Foreclosure discount: 40%
Most common home type: 31.55% of homes are ROWHOUSES AND ATTACHED HOMES
Number of vacant homes: 12.02%
Number of renters: 57.32%
Number of owner occupied: 42.68%
Number people living below poverty level: 23.78%
Unemployment rate: 7.70%
Is this area perfect for real estate deals going on right now? Data shows, this makes Hagerstown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

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