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EconPulse

Local economy signal dashboard

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PLACEThriving

Halfway, MD

Thriving overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score68out of 100
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74
63
52
70
93

Population

10,849

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$10.0B

Output changed +5.0% in 2024.

Vintage date unknown

State growth6.0%
U.S. growth5.3%

Jobs

Unemployment rate

63

4.2%

Unemployment is 4.2% for June 2026.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+0.4% 5-year

52

10,849

Population moved +0.4% over the latest ACS window.

Vintage date unknown

State population6,206,011
U.S. population334,922,499

Housing

Rent share of income

70

21.4%

Median rent consumes 21.4% of median household income: Affordable.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.3K per resident

93

$1.1B

$1.1B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.7B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.1B

$7.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$818.9M
2. Department of Transportation$94.4M
3. Department of Veterans Affairs$85.7M

Top recipients

Dollars
1. MARYLAND DEPARTMENT OF TRANSPORTATION$90.2M
2. DELOITTE & TOUCHE LLP$22.4M
3. HAGERSTOWN HOUSING AUTHORITY$17.9M

Affordable

Housing Affordability

21.4%

of median income

1BR estimate$1,041
2BR estimate$1,371
Median income$71,036
Median home value$253,300

ACS context

Quick Facts

Population

10,849

Median age

42.9

Bachelor's degree+

21.3%

Poverty rate

10.5%

Labor force participation

64.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.1%

GDP CAGR

+7.0%

Federal flow

5 years

Population (5 years)
202010,804
202110,259
202210,221
202310,974
202410,849
GDP (5 years)
2020$7.1B
2021$8.0B
2022$8.6B
2023$9.5B
2024$10.0B

2-year linear forecast

Predictive Outlook

Population forecast

202410,849
202510,863 *
202610,943 *

R² = 12.9% · * projected

GDP forecast

2024$10.0B
2025$10.8B *
2026$11.5B *

R² = 99.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$71,036/yr
Median rent$1,269/mo
Rent share of income21.4%
Est. mortgage (30yr, 6.5%)$15,370/yr
Mortgage share of income21.6%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.2%
State avg4.3%
U.S. avg5.2%
Labor force participation64.5%
Poverty rate10.5%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$253,300
Median monthly rent$1,269
Price-to-rent ratio16.6x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score65/100
Economic growth74/100
Labor market63/100
Population momentum52/100
Overall stability68/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Halfway CDP, Maryland

City/Town

Part of

Hagerstown-Martinsburg, MD-WV

Nearby locations

Kemps Mill, MDWilliamsport, MDHagerstown, MDSt. James, MDFunkstown, MD