Real Estate Investing in Washington County, Maryland

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

15 ZIP codes • Population: 152,334

Should you buy in Washington County, MD? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
2.9 / 5 (45/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Washington County, MD?

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2.9/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.5% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $354,535
Avg Monthly Rent $1,213
ZIP Codes 15

Investing in Washington County Real Estate

This is a distressed-leaning county in Maryland: Washington has 14 cities, 15 ZIPs, and investment math that only works for investors with genuine local understanding.

Across Washington's 15 ZIPs, the investment landscape runs soft: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

The 0% renter share in Washington masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Washington County, MD. Anonymous, moderated, never written by AI.

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Avg Home Value
$354,535
Avg Monthly Rent
$1,213
1% Rule
βœ— Below
Landlord Friendly (MD)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Washington County

2 Colleges 5,565 Students 1,293 Off-Campus Renters
C
Hagerstown Community College
2-Year Public Β· 5,433 students
πŸ“ ~1,293 students rent off-campus
D
Award Beauty School
Vocational For-Profit Β· 132 students

Investor Insight: With 1,293 students living off-campus, Washington County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Washington County

ZIP Codes in Washington County, MD

21740 β˜… β˜… β˜… β˜… β˜…
Hagerstown
Population 63,140
Avg Home $292,157
Avg Rent $1,277/mo
21742 β˜… β˜… β˜… β˜… β˜…
Paramount-Long Meadow
Population 35,114
Avg Home $349,975
Avg Rent $1,614/mo
21713 β˜… β˜… β˜… β˜… β˜…
Boonsboro
Population 10,146
Avg Home $413,919
Avg Rent $1,350/mo
21795 β˜… β˜… β˜… β˜… β˜…
Williamsport
Population 9,942
Avg Home $345,434
Avg Rent $1,143/mo
21783 β˜… β˜… β˜… β˜… β˜…
Smithsburg
Population 9,881
Avg Home $376,569
Avg Rent $1,170/mo
21722 β˜… β˜… β˜… β˜… β˜…
Clear Spring
Population 6,918
Avg Home $372,692
Avg Rent $1,008/mo
21782 β˜… β˜… β˜… β˜… β˜…
Sharpsburg
Population 4,056
Avg Home $352,151
Avg Rent $1,179/mo
21750 β˜… β˜… β˜… β˜… β˜…
Hancock
Population 3,585
Avg Home $258,442
Avg Rent $1,035/mo
21756 β˜… β˜… β˜… β˜… β˜…
Keedysville
Population 3,172
Avg Home $464,586
Avg Rent $1,440/mo
21779 β˜… β˜… β˜… β˜… β˜…
Rohrersville
Population 1,449
Avg Home $476,040
Avg Rent $1,494/mo
21733 β˜… β˜… β˜… β˜… β˜…
Fairplay
Population 1,240
Avg Home $413,641
Avg Rent $1,242/mo
21719 β˜… β˜… β˜… β˜… β˜…
Cascade
Population 1,162
Avg Home $293,105
Avg Rent $1,188/mo
21767 β˜… β˜… β˜… β˜… β˜…
Maugansville
Population 914
Avg Home $281,676
Avg Rent $1,008/mo
21734 β˜… β˜… β˜… β˜… β˜…
Funkstown
Population 826
Avg Home $278,096
Avg Rent $1,008/mo
21711 β˜… β˜… β˜… β˜… β˜…
Clear Spring
Population 789
Avg Home $349,543
Avg Rent $1,044/mo

Screen every market in Washington County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Washington County

Do rentals sit vacant long in, MD?

Occupancy in, MD runs consistent with elevated vacancy. Well-priced units at $1,213/mo lease on reasonable timelines.

Is, MD a good market for buy-and-hold investors?

, MD rates 2.9/5 for investability. With median values at $355K and rents near $1,213/mo, the market offers reasonable fundamentals for rental investors.

How strong is tenant demand in, MD?

The tenant pool in, MD is solid, supported by local employment and population fundamentals. Rents of $1,213/mo are well-absorbed by the market.

Is, MD a friendly market for rental owners?

Rental owners in, MD deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.

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