Commercial Real Estate Market in Hancock, MD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 169 off-market properties in Hancock, MD.
Market Trends
Hancock, MD spans 61.6 square miles in Washington County, Maryland. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hancock, MD runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Hancock, MD runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hancock, MD runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Hancock, MD asks $136/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.2%
- Commercial 12.6%
Largest Zones share of zoned land by district
Rural Development District
Suburban Residential District
Town Residential District
Town Center District
Unknown
Hancock, MD zones 1,907 acres across 8 districts. Commercial zoning covers 12.6% of zoned land, residential 72.2%. The largest single district is Rural Development District at 26.2%. For commercial buyers the practical constraint is that only 12.6% of land carries a commercial or industrial designation.
Rural Development District (RD)
The purpose of this distinct is to accommodate single family detached homes that are compatible with an agricultural environment. Densities of up to 1 home per acre would be appropriate in this area.
Market overview
Demographics & Economy
Hancock, MD has 3,662 residents in 1,821 households. Density runs 59 people per square mile. Median household income here is $54,188 and median gross rent $972 a month.
3,662
Population
1,821
Households
2
Avg Household Size
46
Median Age
10%
College-Educated
92%
High-School Grad
61.6 sq mi
ZIP Area
59
Density / Sq Mi
$54,188
Median Household Income
$42,936
Median Earnings
$972
Median Rent
$212,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stoneybreak | — | — |
| Berkeley Springs | — | — |
| Cherry Run | — | — |
| Needmore | — | — |
Commercial property in Hancock, MD asks $200/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hancock?
Commercial property in Hancock, MD asks an average of $200 per square foot. The 7 most recent recorded sales traded at a median of $38/SF, so asking sits 419% above the achieved median. Multifamily carries the highest asking price at $136/SF.
What zoning applies to commercial property in Hancock?
Hancock, MD zones 1,907 acres across 8 districts, of which 12.6% is commercial and 0% industrial. The largest single district is Rural Development District at 26.2% of zoned land. The purpose of this distinct is to accommodate single family detached homes that are compatible with an agricultural environment. Densities of up to 1 home per acre would be appropriate in this area. Residential zoning covers 72.2% and open space 0%.
Where does Realmo's Hancock market data come from?
Realmo compiles Hancock, MD figures from 8 recent recorded sales, 12 active sale listings, 169 tracked off-market properties, the current Hancock zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Hancock, MD. 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: 1,907 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 South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
