Living in Hagerstown, Indiana
Cost of living, income, home prices, rent and demographics of Hagerstown · Census data 2020–2024
Hagerstown has 1,642 residents with a median age of 39.4. The median household income is $56,484 (22% lower than the Indiana median), the median home value is $119,600, the median rent is $661/month.
Hagerstown at a glance
- Population
- 1,642
- Median age
- 39.4State: 38.1
- Median household income
- $56,484State: $71,957
- Median home value
- $119,600State: $218,200
- Median rent
- $661/moState: $1,062
- Homeowners
- 77.3%
- Bachelor's degree or higher
- 17.6%
- Average commute
- 26 min
Is Hagerstown a good place to live?
Pros: Home values 45% lower than the state median; unemployment of 3.9%; a poverty rate of 10.7%.
Cons: Median household income 22% lower than the Indiana median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Hagerstown
Housing is the biggest part of the cost of living. In Hagerstown the median home value is $119,600, 64% lower than the U.S. median. Renters pay a median of $661 per month, which is 29.7% of household income. Homeowners with a mortgage pay $1,084 a month in housing costs.
Hagerstown median household income
The median household income in Hagerstown is $56,484 and the income per person is $28,621. 10.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in Hagerstown: homes for sale and rent
- Housing units
- 785
- Owner-occupied
- 77.3%
- Renter-occupied
- 22.7%
- Vacant
- 9.7%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.32
Hagerstown demographics
- Population
- 1,642
- Median age
- 39.4
- Under 18
- 23.7%
- 65 and older
- 20.4%
- Households
- 709
- Foreign-born
- 0.5%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hagerstown ›
Education in Hagerstown
17.6% of adults 25 and older in Hagerstown have a bachelor's degree or higher (Indiana: 29.5%), and 4.9% have a graduate or professional degree.
Jobs and commute in Hagerstown
- Unemployment rate
- 3.9%State: 4.3%
- Average commute
- 26 minState: 24 min
- Work from home
- 4.4%
- Drive alone
- 85.2%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 93.9%
Hagerstown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hagerstown | 1,642 | $56,484 | $119,600 | $661 |
| Economy | 144 | $42,212 | $56,100 | $708 |
| Greens Fork | 436 | $74,875 | $96,300 | $1,063 |
| East Germantown | 229 | $45,179 | $95,400 | $940 |
| Cambridge City | 1,657 | $51,071 | $103,100 | $788 |
| Dublin | 870 | $51,406 | $97,700 | $714 |
| Losantville | 238 | $54,107 | $92,500 | $888 |
| Mooreland | 493 | $60,714 | $94,200 | $982 |
| Williamsburg | 510 | $77,500 | $96,500 | — |
More for people moving to Hagerstown
Hagerstown ZIP code ›Weather and climate ›Living in Hagerstown: FAQ
What is the median household income in Hagerstown, IN?
The median household income in Hagerstown is $56,484, 22% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hagerstown?
The median home value in Hagerstown is $119,600, compared with $218,200 in Indiana.
How much is rent in Hagerstown?
The median gross rent in Hagerstown is $661 per month, about 29.7% of household income.
Is Hagerstown, IN a good place to live?
Pluses: home values 45% lower than the state median; unemployment of 3.9%; a poverty rate of 10.7%. Minuses: median household income 22% lower than the Indiana median; an average commute of 26 minutes.
What is the median age in Hagerstown?
The median age in Hagerstown is 39.4 years (Indiana: 38.1).
How long is the commute in Hagerstown?
The average commute to work in Hagerstown is 26 minutes; 4.4% of workers work from home.
What is the unemployment rate in Hagerstown?
The unemployment rate in Hagerstown is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hagerstown?
17.6% of adults in Hagerstown have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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