Compare Hagerstown, MD mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Hagerstown.
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August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Hagerstown. Understand how much you need to earn to afford a home in Hagerstown, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Hagerstown fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Hagerstown is right for you.
The median home value for Hagerstown, MD (Washington County) is $273,369
Based on current mortgage rates and a 10% down payment, you need to make $57,029 per year to buy the median priced home in Hagerstown
With this income, you could qualify for a $246,032 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Hagerstown is $1,321
The median household income for Hagerstown, MD (Washington County) is $66,321
Based on this income, you can afford a home valued at approximately $317,911
The home price you can afford to buy based on household income in Hagerstown is 116% of the median home value which means housing prices are average. Hagerstown (Washington County) ranks 14 out of 24 counties in Maryland and 2,570 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Hagerstown, MD is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hagerstown (Washington County) below.
Conforming loan limits for Hagerstown, MD
FHA loan limits for Hagerstown, MD