Housing Insights for ZIP Code 21742 (Hagerstown, MD)

Housing Summary for ZIP Code 21742

Homeowners

The median home value in ZIP Code 21742 (Hagerstown, MD) is $218,300. Approximately 66.1% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 1.8%.

The average occupancy of owner-occupied units in ZIP Code 21742 is 2.56 occupants, while owner-occupied units have an aggregate average size of 2.98 bedrooms per housing unit.

Renters

In the 21742 ZIP Code, an estimated 33.9% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.45 occupants, while renters in this Washington County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21742

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21742.

ZIP 21742 Maryland U.S.
Median Home Value $218,300 $433,613 $361,498
Owner-Occupied Housing Units 66.1% 66.9% 64.0%
Homeowner Vacancy Rate 1.8% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.56 2.75 2.70
Average # of Bedrooms Per Unit 2.98 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 33.9% 33.1% 36.0%
Rental Vacancy Rate 4.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.45 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21742 (Hagerstown, MD)

The median home value in ZIP Code 21742 is $218,300. That median value is about 31% lower than the median home value of $314,800 in Maryland overall, and is 0% higher than the $217,500 the median home value in the entire U.S. An estimated 28.7% of homes in ZIP Code 21742 are valued $200,000 to $299,999. That is 18% higher than in the state of Maryland, in which 24.4% of homes are valued at $200,000 to $299,999, and is about 46% higher than in the U.S. overall (19.6% of homes valued at $200,000 to $299,999). The home value range that the smallest portion of ZIP Code 21742 homes fall into is $1,000,000 or more (1.9% of homes).

Home Values in ZIP Code 21742

This chart visualizes the breakdown of home values in ZIP Code 21742, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21742 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21742

See the table below for a regional comparison of home values in ZIP Code 21742.

Home Value ZIP 21742 Maryland U.S.
Less than $50,000 4.4% 2.7% 6.9%
$50,000 to $99,999 2.3% 3.7% 12.0%
$100,000 to $149,999 14.5% 6.3% 13.3%
$150,000 to $199,999 23.2% 9.9% 14.0%
$200,000 to $299,999 28.7% 24.4% 19.6%
$300,000 to $499,999 21.8% 32.8% 19.3%
$500,000 to $999,999 3.2% 17.1% 11.4%
$1,000,000 or more 1.9% 3.1% 3.4%

Home Ages in ZIP Code 21742 (Hagerstown, MD)

Approximately 18.5% of homes in this Hagerstown, MD region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 21742 is about 29% higher than percentage of homes built in this time period in Maryland overall (14.3% of homes), and is 33% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 17.8% of local homes were built in 2000 to 2009. On the other end of the scale, just 1.6% of homes in this Washington County ZIP Code were built in 2014 or later in ZIP Code 21742. In comparison, 2.3% of homes in Maryland overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21742

A detailed regional comparison of home ages in ZIP Code 21742.

Year Built ZIP 21742 Maryland U.S.
2014 or later 1.6% 2.3% 2.5%
2010 to 2013 1.8% 2.6% 2.7%
2000 to 2009 17.8% 11.4% 14.0%
1990 to 1999 18.5% 14.3% 13.9%
1980 to 1989 9.9% 15.3% 13.4%
1970 to 1979 9.9% 14.1% 15.2%
1960 to 1969 9.8% 11.5% 10.6%
1950 to 1959 13.3% 11.4% 10.3%
1940 to 1949 6.5% 5.2% 4.9%
1939 or earlier 10.8% 11.8% 12.6%

Age of Homes in ZIP Code 21742

See the chart below for details on the age of homes in ZIP Code 21742, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 21742

Frequently asked questions about housing in this Hagerstown, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21742.

1

What is the average home value ZIP Code 21742?

The median home value in ZIP Code 21742 (Hagerstown, MD) is $218,300.
2

Are homes expensive in ZIP Code 21742?

The median home value in 21742 ($218,300) is an estimated 31% lower than the aggregate median value of $314,800 in Maryland, and is 0% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 21742?

The vacacy rate for owner-occupied housing in ZIP Code 21742 is 1.8%. This rate is 6% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21742 vacancy rate is 13% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21742 have older homes or newer construction?

In ZIP Code 21742, about 18.5% of homes were built in 1990 to 1999. That time range includes the most home construction. Also, 17.8% of homes in the region were built in 2000 to 2009. In contrast, 1.6% of homes in 21742 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 21742? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21742 than renter-occupied housing. Owner-occupied units make up 66.1% of housing, compared to 33.9% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21742?

The vacacy rate for rental units in ZIP Code 21742 is 4.0%. This rate is 33% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21742 vacancy rate is 33% lower than the entire U.S. vacancy rate of 6.0%.