Welcome to our 21740 real estate data hub, tailored for investors in Hagerstown, MD. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 21740 in Hagerstown, MD. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WASHINGTON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Hagerstown, MD real estate investing. Uncover the wealth of information available, and position yourself for success in the Hagerstown property market.
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Location Overview
- Zip Code: 21740
- City: Hagerstown
- State: MD
- Metro Area: Hagerstown-Martinsburg, MD-WV
- County Name: WASHINGTON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $244,061
- Average Home Price (Single Family Homes): $246,815
- Average Monthly Rental Price (All Types): $1,193
- Price-to-Rent Ratio: 17
- Zillow Projected % appreciation from 4/2023-4/2024: 0.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,050
- Average 3 Bedroom Section 8 Rental Rates: $1,490
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.37
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.65
- Number of Units Offered in Section 8 in the County: 1608
- Number of Occupied Units in Section 8 in the County: 1504
- Percentage of Section 8 Units Occupied in the County: 93.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 149.6
- Total % Appreciation since 2000 (Government Data): 96.04
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.35%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.9%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.48%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 46.55%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 75.49%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.31%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 103.83%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.34%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 11.26%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 48.15%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 56.96%