HomeMarylandWashington CountyHagerstown city
Hagerstown city, Maryland: commercial real estate data.
Hagerstown city is a Census city of 43,665 people across 12.92 square miles of land, in Washington County. Median household income is $52,221, 43.3 percent of occupied homes are owned, and the SBA record carries 104 7(a) approvals to borrowers here worth $59.7 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Hagerstown
What Hagerstown is
- Census place typecity
- Land area12.92 sq mi
- Water area0.01 sq mi
- Population per square mile of land3,379
- County holding the largest share of its areaWashington County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hagerstown
How many people live in Hagerstown
- Population43,665
- Median age35.8
- Population under 1811,245
- Share under 1825.8 percent
- Population 65 and over6,354
- Share 65 and over14.6 percent
- Households18,144
- Family households9,452
- Share of households that are families52.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hagerstown
Income and work in Hagerstown
- Median household income$52,221
- Per capita income$30,461
- Civilian labor force20,745
- Employed19,256
- Unemployed1,489 plus or minus 379
- Unemployment rate7.2 percent plus or minus 1.8
- Adults 25 and over28,762
- Adults 25 and over with a high school diploma or higher84.8 percent
- Adults 25 and over with a bachelor degree or higher20.5 percent
- Adults 25 and over with a graduate degree7.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hagerstown
Housing in Hagerstown
- Housing units19,679
- Occupied units18,144
- Vacant units1,535 plus or minus 343
- Vacancy rate7.8 percent plus or minus 1.7
- Owner occupied7,850
- Renter occupied10,294
- Ownership rate43.3 percent
- Median owner-occupied home value$224,500
- Median gross rent, monthly$1,114
- Annual rent as a share of median income25.6 percent
- Single family units12,398
- Share single family63.0 percent
- Units in buildings of two or more7,172
- Share in buildings of two or more36.4 percent
- Mobile homes109 plus or minus 92
- Median year structure built1962
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hagerstown
How Hagerstown gets to work
- Workers 16 and over who commute16,810
- Commuting under 15 minutes5,356
- Share commuting under 15 minutes31.9 percent
- Commuting 30 minutes or more4,994
- Share commuting 30 minutes or more29.7 percent
- Drove alone68.0 percent
- Carpooled12.4 percent
- Public transport2.1 percent plus or minus 1.1
- Walked2.1 percent plus or minus 1.0
- Worked from home11.5 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hagerstown
SBA loans in Hagerstown (7(a))
- Approvals104
- Gross approval$59,704,200
- Average approval$574,079
- Median approval$100,000
- Ninetieth percentile approval$1,700,000
- Largest approval$5,000,000
- Jobs supported845
- Jobs per approval8.1
- Loans with a final outcome15
- Paid in full11
- Charged off4
- Charge-off rate over resolved loans26.7 percent
- Median term120 months
- Share on real estate terms of 20 years or more9.6 percent
- Share to franchises8.7 percent
- Distinct lenders29
- Distinct industries by NAICS64
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hagerstown
SBA loans in Hagerstown (504)
- Approvals14
- Gross approval$11,567,000
- Average approval$826,214
- Median approval$1,015,000
- Largest approval$1,953,000
- Jobs supported183
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Washington County, not Hagerstown
Washington County context, not Hagerstown figures
These are Washington County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hagerstown measurements.
- Establishments in Washington County3,417
- Employment at those establishments, Washington County61,729
- Covered employment, Washington County64,206
- Average annual pay, Washington County$58,252
- Average weekly wage, Washington County$1,120
- Housing units permitted, Washington County232
- Of those, single family, Washington County212
- County product, 2024, Washington County$9,961,298,000
- County product change over the prior year, Washington County5.0 percent
- Average income of an arriving household, Washington County$56,803
Every figure in this section is published for Washington County as a whole and is not a measurement of Hagerstown. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Hagerstown questions, answered from the record.
How many people live in Hagerstown, Maryland?
43,665, in 18,144 households. Hagerstown city covers 12.92 square miles of land, which is 3,379 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hagerstown in?
Washington County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Hagerstown?
$52,221. The median owner-occupied home is valued at $224,500. Median gross rent is $1,114 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hagerstown businesses?
104 7(a) approvals totalling $59.7 m, across 29 lenders, median approval $100,000, plus 14 504 approvals worth $11.6 m. These count approvals to borrowers whose address is in Hagerstown, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hagerstown borrowers get paid back?
Of the 15 loans that have reached a final outcome, 11 were paid in full and 4 charged off, a charge off rate of 26.7 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Hagerstown figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Washington County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hagerstown.
Is zoning published for Hagerstown?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.