1031 Exchange Hagerstown, Maryland

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Hagerstown due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan area Area

Hagerstown, Maryland is a part of the Hagerstown-Martinsburg, MD-WV metropolitan area area, and contains 6 zip codes: 21747, 21749, 21746, 21741, 21740, and 21742.

Hagerstown Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Hagerstown, MD metropolitan area area was $967, which is 10.89% lower than 2014 average rent. This represents a compounded annual growth rate of 2.09%. 2019 vacancy in Hagerstown, MD was 3.80%.

The total population of the city of Hagerstown, MD has grown 1.37% since 2010. As of 2018, the population was 40,205. The median household income of the Hagerstown was $40,531, which is 32.78% lower than the national average.

  • metropolitan area area Hagerstown-Martinsburg, MD-WV
  • avg rent $967
  • rent growth 10.89%
  • vacancy 3.80%
  • median income $40,531
  • population (2018) 40,205
  • population growth 1.37%
  • vs. nat'l avg 32.78%
  • zip codes 21740 21741 21742 21746 21747 21749

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities