Is Hagerstown, MD a good place to invest in rental property?

Hagerstown, MD has a median modeled monthly cash flow of $-497 and a median cap rate of 4.3%, on a median sold price of $277,750. Prices changed +0.3% year over year.

What is the average cap rate in Hagerstown, MD?

The median cap rate across recently sold homes in Hagerstown, MD is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hagerstown, MD?

The median sold price in Hagerstown, MD is $277,750 (about $168 per square foot).

Investing in Hagerstown, MD Real Estate

A data-driven snapshot of the Hagerstown, MD rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$277,750Median sold price

$168Median $/sqft

4.3%Median cap rate

$-497Modeled cash flow / mo

+0.3%Appreciation YoY

10.6Months of supply

611Active listings

692Sold (last 12 mo)

What the Hagerstown numbers say

In Hagerstown, MD, the median home sold for $277,750 (about $168 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-497 of monthly cash flow. Sold prices moved +0.3% over the past year. Inventory sits at about 10.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Maryland markets to compare

See Hagerstown cash-flowing listings

CashFlowRE ranks every for-sale home in Hagerstown, MD by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hagerstown deals, or browse the national market data.