Commercial Real Estate Market in Hagerstown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 130 off-market properties in Hagerstown, IN.
Market Trends
Hagerstown, IN spans 45.0 square miles in Wayne County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hagerstown, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hagerstown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hagerstown, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hagerstown, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 91.2%
- Residential 6.4%
- Commercial 1.3%
- Industrial 1.2%
Largest Zones share of zoned land by district
Agricultural
Agricultural Big Lot
One Family Residence
General Industrial
General Business
Agricultural (A-1)
The purpose of this zoning district is to provide traditional agricultural activities and other uses that are not likely to interfere with those agricultural activities.
Market overview
Demographics & Economy
Hagerstown, IN has 3,865 residents in 1,759 households. Density runs 86 people per square mile. Median household income here is $69,180 and median gross rent $890 a month.
3,865
Population
1,759
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
96%
High-School Grad
45 sq mi
ZIP Area
86
Density / Sq Mi
$69,180
Median Household Income
$39,598
Median Earnings
$890
Median Rent
$147,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dalton | — | — |
| Millville | — | — |
| Jacksonburg | — | — |
| Economy | — | — |
Frequently Asked Questions
Where does Realmo's Hagerstown market data come from?
Realmo compiles Hagerstown, IN figures from 1 active sale listings, 130 tracked off-market properties, the current Hagerstown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Hagerstown, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 10,477 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
