The typical home in Hagerstown, MD is worth about $300,000.
With 20% down that's a loan near $240,000 — the calculator
is pre-filled with that figure. Hagerstown sits at the northern edge of the Washington, D.C. commuter shed, and its prices have climbed as buyers priced out of Frederick and Montgomery counties look further up I-70 for space. Washington County's property tax rate runs below Maryland's more expensive D.C.-suburb counties.
$1,558.23 / month
Total interest
$320,964
Total paid
$560,964
Payoff
30.0 years
How much you need to earn
Hagerstown, MD's median household income is about
$72,000 a year. Under standard 28/36
lending rules that supports a home price around
$263,564 with 20% down —
below the $300,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Hagerstown, MD is about $1,600 a month, so owning the median home costs roughly
$317 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Hagerstown, MD?
On the metro's roughly $300,000 typical home with 20% down, the loan is about $240,000. Principal and interest run near $1,558 a month at today's rate, and Hagerstown, MD's property tax plus insurance add about $358, for a full payment near $1,917.
Can I afford a home in Hagerstown, MD on the median income?
The median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $263,564 with 20% down — below the $300,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Hagerstown, MD?
Typical asking rent is about $1,600 a month. The full owner payment on a median home is near $1,917, so owning costs roughly $317 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Hagerstown, MD?
The effective property tax rate in the core county is about 1.00% of market value — roughly $3,000 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Hagerstown, MD rising or falling?
Home values are up about 5% over the past year. Hagerstown sits at the northern edge of the Washington, D.C. commuter shed, and its prices have climbed as buyers priced out of Frederick and Montgomery counties look further up I-70 for space. Washington County's property tax rate runs below Maryland's more expensive D.C.-suburb counties.