Hagerstown-Martinsburg, MD-WV · Maryland
Washington County
155,033 residents356 permits TTM$74,157 median HHI18 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$275,900
ACS 5-Year
Cap rate proxy
4.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.8%
HUD FMR ÷ ACS HHI
Net migration
+1.88%
IRS SOI
Permits (TTM)
356
Census BPS
Climate risk
68.8
FEMA NRI (0–100)
ZIP code breakdown18 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 21750 | — | — | — | 5.2% | -14.5% |
| 21734 | — | — | — | 4.8% | -14.5% |
| 21715 | — | — | — | 4.8% | -14.5% |
| 21746 | — | — | — | 4.8% | -14.5% |
| 21781 | — | — | — | 4.8% | -14.5% |
Ranked by composite score
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Demographics
Owner-occupied
65.9%
Census ACS
Vacancy rate
7.1%
Census ACS
Bachelor's degree +
23.5%
Census ACS
Rent burdened
45.3%
Census ACS (>30% income)
Median age
41.0
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026