Hagerstown, IN
Population 1,710 · Indiana
About Hagerstown, IN
Hagerstown is a small town located in Indiana with a population of 1,710 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,350 per year, which is 21% below the national median of $75,149. The median age of 35.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hagerstown features a median home value of $115,600, which is 53% below the national median of $244,900. This makes Hagerstown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $732, 37% below the national average of $1,163/month. Of the 756 total housing units, 78% are owner-occupied (526 units) and 22% are renter-occupied (151 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hagerstown shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hagerstown have an average one-way commute time of 26.4 minutes.
Education & Demographics
17.3% of Hagerstown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.2% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 3.7% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Hagerstown, IN
Compared to national averages, Hagerstown has a median household income of $59,350 (21% below the national median of $75,149). Home values average $115,600, which is 53% below the national median. Monthly rent at $732 is 37% below the US average of $1,163. Within Indiana, Hagerstown's income is 14% below the state average of $69,330, and home values are 29% below the state median of $163,409.
Why Live in Hagerstown, IN?
Hagerstown offers affordable housing with a median home value of $115,600, below the US average of $244,900, and rent that’s lower than the national average at $732/month, and a strong job market with an unemployment rate of just 3.0%. Additionally, the city features a low poverty rate of 9.7%, better than the national average.
Potential considerations include median household income ($59,350) that falls below the national average. However, Hagerstown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hagerstown has a population of 1,710 with a median age of 35.3 years. Compare Hagerstown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Hagerstown
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Meridian Hills | 1,708 | $205,982 | $637,800 | Compare |
| Brookston | 1,703 | $62,375 | $132,700 | Compare |
| Crothersville | 1,701 | $52,039 | $112,800 | Compare |
| Arcadia | 1,696 | $66,852 | $164,400 | Compare |
| Foxcliff Estates | 1,693 | $151,406 | $468,300 | Compare |
| Clermont | 1,740 | $81,979 | $192,400 | Compare |
| Haubstadt | 1,754 | $72,104 | $220,000 | Compare |
| Westport | 1,666 | $52,083 | $136,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hagerstown With Other Cities
Frequently Asked Questions about Hagerstown
What is the population of Hagerstown, IN?
The population of Hagerstown, IN is 1,710 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Hagerstown?
The median household income in Hagerstown, IN is $59,350 per year, which is 21% below the national median of $75,149.
What is the median home value in Hagerstown?
The median home value in Hagerstown, IN is $115,600, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hagerstown?
The median monthly rent in Hagerstown, IN is $732, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Hagerstown?
The unemployment rate in Hagerstown, IN is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hagerstown, IN a good place to live?
Hagerstown offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,710 and a median age of 35.3, the city appeals to a broad range of residents.
How educated is Hagerstown, IN?
17.3% of residents in Hagerstown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hagerstown?
Key cost-of-living indicators for Hagerstown, IN: median home value is $115,600 (53% below national), median rent is $732/month, and median household income is $59,350. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hagerstown?
The poverty rate in Hagerstown, IN is 9.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hagerstown, IN?
Hagerstown's population is 1.2% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 3.7% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.