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Hagerstown, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 2.1x is exceptionally low

During the 2020–2024 ACS period, Hagerstown, Indiana had a total population of 1,642, the 263rd largest town in Indiana, with a median household income of $56,484, which is 22% lower than the state average. The poverty rate is 10.7%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Hagerstown Quick Facts

Population 1,642
Median Household Income $56,484
Median Home Value $119,600
Poverty Rate 10.7%
Unemployment Rate 3.9%
Median Age 39.4 years
Homeownership Rate 77.3%
Affordability Ratio 2.1x
Bachelor's Degree or Higher 17.6%
High School Graduation Rate 95.5%
Diversity Index 11/100
Population 1,642 263rd of 967
Median Income $56,484 below average
Poverty Rate 10.7% 14% lower than national
Median Home Value $119,600 below average

How Hagerstown Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,7101,642-4.0%
Median household income$59,350$56,484-4.8%
Median home value$115,600$119,600+3.5%

How Hagerstown Compares

Economy & Housing

Household Income Distribution

Under $25K 20.6%
$25K-$50K 22.4%
$50K-$100K 35.0%
$100K+ 22.0%
Detailed income brackets
Under $10K
4.8%
$10K-$15K
4.8%
$15K-$20K
6.6%
$20K-$25K
4.4%
$25K-$30K
3.1%
$30K-$35K
10.9%
$35K-$40K
1.6%
$40K-$45K
3.8%
$45K-$50K
3.1%
$50K-$60K
10.6%
$60K-$75K
12.3%
$75K-$100K
12.1%
$100K-$125K
6.5%
$125K-$150K
9.6%
$150K-$200K
1.1%
$200K+
4.8%

Employment

3.9% Unemployment Rate State: 4.3%|National: 5.2%
57.5% Labor Force Participation

Housing Overview

Owner 77.3%
Renter 22.7%
Affordability Index Very Affordable
2.1x home value to income ratio
Median gross rent $661/mo 14.0% of median household income annually

People & Demographics

Diversity Index

11out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Hagerstown Rankings in Indiana

#263 Population of 967
#530 Median Income of 796
#384 Education of 966
#534 Home Value of 818

Other Cities in Wayne County

CityPopulationMedian IncomePovertyHome Value
Richmond 35,581 $45,399 25.4% $114,400
Centerville 2,772 $49,688 14.2% $149,200
Cambridge City 1,657 $51,071 19.9% $103,100
Dublin 870 $51,406 3.2% $97,700
Fountain City 702 $47,802 17.9% $96,200
Spring Grove 464 $58,359 21.3% $126,900
Greens Fork 436 $74,875 6.9% $96,300
Milton 323 $47,083 13.6% $83,900
Boston 246 $70,893 30.8% $75,500
East Germantown 229 $45,179 7.0% $95,400

Cities Similar to Hagerstown

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
South Whitley1,660$58,068$134,10011.2%13.9%
Eaton1,630$54,531$89,8007.3%14.8%
Osgood1,637$52,625$149,80012.0%9.7%
Crothersville1,720$55,909$120,3008.4%26.0%
Milford1,661$51,667$159,7008.9%9.4%

Population Overview

Hagerstown is a small community located in Indiana, within Wayne County. The total population is 1,642. It ranks as the 263rd most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Hagerstown is 39.4 years. This is 3% higher than the state median of 38.1 years.

Economy, Income & Housing

The median household income in Hagerstown is $56,484. This is 22% lower than the state median of $71,957. It is also 30% lower than the national median of $80,734. The poverty rate stands at 10.7%. This is 13% lower than the state poverty rate of 12.3%. The unemployment rate is 3.9%. This is 10% lower than the state rate of 4.3%. The median home value is $119,600. Housing costs are 45% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.1x, Hagerstown is one of the most affordable housing markets in the area. 77.3% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 70.5%.

Race & Ethnicity

Hagerstown has a predominantly White (non-Hispanic) population, comprising 94.0% of all residents. Hispanic or Latino residents account for 4.5%. The Asian population (0.2%) is well below the state average of 2.6%.

Education

17.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.5%.

Data Sources & Methodology

All demographic data for Hagerstown, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Hagerstown, Indiana?

Hagerstown, Indiana has a population of 1,642 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Hagerstown, IN?

The median household income in Hagerstown is $56,484, which is 30% lower than the national median of $80,734.

What is the poverty rate in Hagerstown, IN?

The poverty rate in Hagerstown is 10.7%. This means approximately 173 residents live below the federal poverty line.

What is the racial makeup of Hagerstown, Indiana?

Hagerstown's population is 94.0% White, 0.0% Black, 4.5% Hispanic/Latino, and 0.2% Asian.

What is the median home value in Hagerstown, IN?

The median home value in Hagerstown is $119,600. The home-value-to-income ratio is 2.1x.

How educated is Hagerstown, Indiana?

17.6% of adults (25+) in Hagerstown hold a bachelor's degree or higher, and 4.9% hold a graduate or professional degree.