Hagerstown, MD Real Estate
According to census data in the year 2000 there were 17,068 housing units in Hagerstown.
This represents a 4.3% growth from 16,361 in 1990.
Of those housing units, 17,060 were located in either urbanized areas or urban clusters, and 8 were located in what is classified as a rural area.
Homeownership rate in Hagerstown is about 42.1%.
Hagerstown's vacancy rate, including seasonal lodging, is about 7.3%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Hagerstown were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 21.30% |
| Two Bedrooms | 30.90% |
| Three Bedrooms | 36.70% |
| Four Bedrooms | 7.90% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $89,300 |
| Median Price asked for vacant units | $81,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $365 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 51.20% |
| Debt Free | 33.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
