How much is a home worth in ZIP code 21740?

The typical home in 21740 is worth $291,488, based on the Zillow Home Value Index.

Are home values rising in 21740?

Home values in 21740 are up 0.8% over the past year, and up 5.9% a year over five years.

What is the typical rent in 21740?

A typical home in 21740 rents for about $1,292 a month, a gross rental yield of 5.3%.

What is the property tax rate in 21740?

The effective property tax rate in 21740 is 0.8% — roughly $2,476 a year on a typical home.

ZIP code 21740 has a population of 64,792 and a median household income of $62,873.

HousingHandbookReference data

…

U.S. ZIP Code · MD21740

Washington County · Hagerstown-Martinsburg, MD-WV

Typical home value

$291,488^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.8%
5-year / yr: +5.9%
10-year / yr: +5.9%

Relative price

vs U.S.: +2.6%
vs metro: -12.0%
vs state: -35.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 21740 is worth $291,488 — 12.0% below the Hagerstown-Martinsburg, MD-WV median. Over the past year, values have risen 0.8%. Homes here rent for a typical $1,292 a month — a 5.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,292^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,476^[3]

#Climate risk

FEMA National Risk Index ratings for Washington County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 64,792^[3]
Median household income: $62,873^[3]

#Migration

Household moves in and out of Washington County over a year, from IRS tax-return data.

Net migration: +198^[5]
Moved in: 4,137
Moved out: 3,939

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 15
Elementary: 8
Middle: 2
High: 4

South Hagerstown High
High · Grades 9–12 · Washington County Public Schools
1,645 students
Western Heights Middle
Middle · Grades 6–8 · Washington County Public Schools
887 students
E. Russell Hicks Middle
Middle · Grades 6–8 · Washington County Public Schools
827 students
Pangborn Elementary
Elementary · Grades PK–5 · Washington County Public Schools
711 students
Salem Avenue Elementary
Elementary · Grades PK–5 · Washington County Public Schools
705 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$15,506

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,474

Loan principal$233,191

Down payment$58,298

Total interest paid$297,422

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.49

Monthly cost to own$1,923

Monthly rent$1,292

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 52nd percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 84th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for most populous in MDView list →

Frequently asked

How much is a home worth in ZIP code 21740?: The typical home in 21740 is worth $291,488, based on the Zillow Home Value Index.
Are home values rising in 21740?: Home values in 21740 are up 0.8% over the past year, and up 5.9% a year over five years.
What is the typical rent in 21740?: A typical home in 21740 rents for about $1,292 a month, a gross rental yield of 5.3%.
What is the property tax rate in 21740?: The effective property tax rate in 21740 is 0.8% — roughly $2,476 a year on a typical home.
Who lives in 21740?: ZIP code 21740 has a population of 64,792 and a median household income of $62,873.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

25404 vs 21740 →
Martinsburg, WV
Typical home
$288,282
Gross yield
7.0%
21719 vs 21740 →
Highfield-Cascade CDP, MD
Typical home
$285,662
Gross yield
—
21767
Maugansville CDP, MD
Typical home
$279,472
Gross yield
—
21734
Funkstown, MD
Typical home
$276,824
Gross yield
—
25422
Great Cacapon CDP, WV
Typical home
$269,722
Gross yield
—
25411
Bath (Berkeley Springs), WV
Typical home
$315,776
Gross yield
—

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Pit ZIP 21740 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MD21740

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