Hagerstown, MD

Population: 40,612
Average annual home appreciation rate: 0.58%
Total of homes for sale in this market: 1,100
Median home price: $154,884
Median Rent: $844 per room
Home price range: 55.86% of homes are between $100,001 – $201,000
Median sales price: $133,000
Number of homes: 259
Median foreclosure sales price: $88,229
Foreclosure discount: $44,771 ( 33.7% )
Most common home type: 32.00% of homes are ROWHOUSES AND ATTACHED HOMES
Number of vacant homes: 10.97%
Number of renters: 61.33%
Number of owner occupied: 38.68%
Number people living below poverty level: 25.47%
Unemployment rate: 8.00%
Is this area perfect for real estate deals going on right now? The market in Hagerstown is taking a slight downturn… Savvy investors have seen these as opportunities in the past based on the prices of the homes dropping down, and higher need for rental properties making buy and hold properties a great place to look to invest historically speaking.

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