Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$322,655+2.3% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$69,945About 0.9× the local median income ($79,223): affordable for a typical household
Days on market48 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Hagerstown-Martinsburg, MD-WV is worth $322,655, up 2.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $302,011, so the area is 6.8% overvalued. It is a balanced market: homes take about 48 days to sell, listings are up 11% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $69,945 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,223. Typical rent is $1,614 a month, or $1,855 for a house. In the latest IRS figures, 3,369 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$322,655
Change in 1 year
+2.3%
Overvalued %
+6.8%
Show 7 more
Fair home value
$302,011
Change in 5 years
+26.5%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,749
Income needed to afford it
$69,945
Property tax rate
0.65%
Rent and investing
Typical rent
$1,614
Typical rent for houses
$1,855
Price-to-rent ratio
16.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,236
Gross rental yield
6.00%
Cap rate (estimate)
3.90%
Market activity
Listings vs a year ago
+11.1%
Days on market
48
Listings with a price cut
19.5%
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Homes for sale
1,079
Pending sales per 100 listings
52
Asking price per sq ft
$186
People and jobs
Median household income
$79,223
Population change (1 year)
+1.4%
Unemployment rate
4.4%
Show 4 more
Population
315,280
Income adjusted for cost of living
$84,101
Net moves in (IRS)
+3,369
Cost of living (US = 100)
94.2
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
66.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
75.1
Wildfire risk score
34.3
Walkability (1 to 20)
6.4
Road, rail and air noise
53 dB
Questions people ask
Is Hagerstown-Martinsburg, MD-WV overvalued?
Home prices in Hagerstown-Martinsburg, MD-WV are slightly above what local incomes have historically supported: fair value is about $302,011, so the area is 6.8% overvalued.
Is Hagerstown-Martinsburg, MD-WV a buyer's or seller's market?
Hagerstown-Martinsburg, MD-WV is a balanced market: homes take about 48 days to sell, listings are up 11% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Hagerstown-Martinsburg, MD-WV?
Home values in Hagerstown-Martinsburg, MD-WV are up 2.3% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Hagerstown-Martinsburg, MD-WV?
A household needs about $69,945 a year to afford the typical home in Hagerstown-Martinsburg, MD-WV at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,223.