Why Live in Collegiate Acres
Collegiate Acres in Hagerstown, Maryland, is a diverse neighborhood split by Terps Boulevard into eastern and western sections. The eastern side features 55-plus housing units and single-story townhouses with small front yards, alongside apartment buildings offering one- to three-bedroom models. The western side includes traditional townhouses with narrow backyards and detached single-family homes with colonial influences, many of which have backyards large enough for in-ground swimming pools. Residents should note the unique tax zoning, which includes both county and city taxes. Terrapin Park, a central neighborhood fixture, offers a playground, picnic shelter, and basketball court. Nearby, the Hagerstown Soccer Complex and Hagerstown City Park provide additional recreational opportunities, with the latter also housing the Washington County Museum of Fine Arts. Collegiate Acres is conveniently located 2 miles from the Centre at Hagerstown strip mall and 5 miles from the extensive shopping options at Valley Mall. The neighborhood is less than a mile from Interstate 81, facilitating travel to the Hagerstown Regional Airport and Interstate 70. Students in the area attend highly rated North Hagerstown High, with alternative private education available at Grace Academy. The local minor league baseball team, the Flying Boxcars, plays at Meritus Park, adding to the neighborhood's attractions.
Frequently Asked Questions
Is Collegiate Acres a good place to live?
Collegiate Acres is a good place to live. Collegiate Acres is considered very car-dependent and somewhat bikeable with minimal transit options. Collegiate Acres is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Collegiate Acres has 1 park for recreational activities. It is fairly sparse in population with 4.0 people per acre and a median age of 41. The average household income is $121,228 which is above the national average. College graduates make up 47.9% of residents. A majority of residents in Collegiate Acres are home owners, with 30.4% of residents renting and 69.6% of residents owning their home. A
local real estate agent serving Collegiate Acres can help you decide if this neighborhood is the right one for you. Learn more on our
Collegiate Acres neighborhood guide.
Is Collegiate Acres, MD a safe neighborhood?
Collegiate Acres, MD is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Collegiate Acres?
The median home price in Collegiate Acres is $355,000. If you put a 20% down payment of $71,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,840 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $79K a year to afford the median home price in Collegiate Acres. The average household income in Collegiate Acres is $121K.
What are the best public schools in Collegiate Acres?
The best public schools that serve Collegiate Acres are:
What are the best private schools in Collegiate Acres?
The best private schools that serve Collegiate Acres are:
What are the most popular zip codes in Collegiate Acres, Hagerstown, MD?
What are the most popular neighborhoods near Collegiate Acres, Hagerstown, MD?
Are home prices dropping in Collegiate Acres?
Yes, home prices in Collegiate Acres are down 53% in the last 12 months.
Home Trends in Collegiate Acres, MD
On average, homes in Collegiate Acres, Hagerstown sell after 35 days on the market compared to the national average of 70 days. The median sale price for homes in Collegiate Acres, Hagerstown over the last 12 months is $350,000, down 35% from the median home sale price over the previous 12 months.
Median Sale Price
$350,000
Median Single Family Sale Price
$350,000
Average Price Per Sq Ft
$190
Number of Homes for Sale
0
Last 12 months Home Sales
15
Median List Price
$355,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-35%