Mortgage Rates in Hagerstown, Maryland — March 2026
Updated March 2026 | Based on Hagerstown market data and regional lending conditions
Hagerstown is a growing city in Maryland with a population of 44,312. The current 30-year fixed mortgage rate in Hagerstown is 6.74%, which is 0.09% above the national average. With a median home price of $319,000 and a 20% down payment of $63,800, homebuyers can expect a monthly principal and interest payment of approximately $1,654.
Current Mortgage Rates in Hagerstown, MD
Below are the current average mortgage rates available in the Hagerstown area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Hagerstown Housing Market Overview
The Hagerstown housing market reflects moderate demand with prices near the national average. The median household income in Hagerstown is $80,500, and the cost of living index is 108.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $83,400 to comfortably afford the median-priced home in Hagerstown, which exceeds the current median household income.
Monthly Payment Breakdown for Hagerstown
Based on the median home price of $319,000 with 20% down ($63,800), here is what you can expect to pay monthly in Hagerstown:
15-Year vs. 30-Year Mortgage in Hagerstown
Choosing a 15-year mortgage in Hagerstown at 5.98% instead of a 30-year at 6.74% would save you $208,260 in total interest over the life of the loan. However, your monthly payment would be $2,151 instead of $1,654 — an increase of $497 per month.
Calculate Your Hagerstown Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Hagerstown
What are the current mortgage rates in Hagerstown, MD?
As of March 2026, the average 30-year fixed mortgage rate in Hagerstown, Maryland is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Hagerstown?
Based on the median home price of $319,000 with 20% down, the estimated monthly mortgage payment in Hagerstown is $1,654 for principal and interest. Including property taxes of $292/month, the total monthly housing cost is approximately $1,946.
What income do I need to buy a home in Hagerstown?
Using the 28% rule, you would need an annual income of approximately $83,400 to afford the median-priced home in Hagerstown at $319,000. The median household income in Hagerstown is $80,500. This means most households would need to either earn above the median or consider homes below $319,000.
Is Hagerstown a good place to buy a home in 2026?
Hagerstown has a moderate cost of living with a cost of living index of 108.4 (national average = 100). The property tax rate in Maryland is 1.1%, which is near the national average. Hagerstown has a population of 44,312 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hagerstown, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.