21746, Hagerstown, MD

Home equity is the value of a home minus any outstanding mortgages or other debts on the property. Home prices are the price at which homes are sold in an area.

In the 21746 zip code of Hagerstown, MD, home equity and home prices have been on the rise for quite some time now. In fact, according to Zillow, as of September 2018, the median home value in this zip code was $213,000. This is a significant increase from when this data was last updated in March 2018, when the median home value was $190,000.

There are several factors that have contributed to this uptick in home values in 21746 zip code. First and foremost is likely due to strong demand for housing within this area – both new construction and existing homes are selling quickly and at high prices. Additionally, there has been an influx of families moving into this area over recent years – which has led to increased demand for housing and consequently higher home values. Finally, 21746 zip code is located within close proximity to major metropolitan areas such as Baltimore and Washington D.C., both of which have seen robust economic growth over recent years. All these factors together have resulted in a steady increase in median home values over time – something that should continue to be true as long as there continues to be strong demand for housing within this region.