Hagerstown-Martinsburg, MD-WV

Business Ideas & Market Opportunities

The Hagerstown-Martinsburg market is currently outpacing the national growth rate. Our analysis identifies 40 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

6,554

Total Competition Pool

Market Size

299K

Total Metro Population

5-Year Growth Rate

+10.8%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

70

Niches with LQ < 0.8

Analyst Tip

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Showing 20 of 132 opportunities

Services for the Elderly and Persons with Disabilities

Growth
+148.4%
Scale
$579K PAY
Saturation
2.98
77 establishments

All Other Specialty Trade Contractors

Growth
+138.1%
Scale
$348K PAY
Saturation
1.82
50 establishments

Tobacco Stores

Growth
+133.3%
Scale
$66K PAY
Saturation
1.04
14 establishments

Nail Salons

Growth
+130.0%
Scale
$123K PAY
Saturation
1.00
202 establishments

Convenience Stores

Growth
+100.0%
Scale
$139K PAY
Saturation
1.51
36 establishments

Wireless Telecommunications Carriers (except Satellite)

Growth
+100.0%
Scale
$271K PAY
Saturation
1.15
18 establishments

Coin-Operated Laundries and Drycleaners

Growth
+100.0%
Scale
$46K PAY
Saturation
2.64
18 establishments

General Warehousing and Storage

Growth
+100.0%
Scale
$8.4M PAY
Saturation
2.06
22 establishments

Office Administrative Services

Growth
+85.7%
Scale
$358K PAY
Saturation
0.54
13 establishments

Used Merchandise Stores

Growth
+83.3%
Scale
$134K PAY
Saturation
2.67
33 establishments

Outpatient Mental Health and Substance Abuse Centers

Growth
+81.8%
Scale
$692K PAY
Saturation
1.90
20 establishments

Facilities Support Services

Growth
+71.4%
Scale
$789K PAY
Saturation
2.17
12 establishments

Solid Waste Collection

Growth
+57.1%
Scale
$701K PAY
Saturation
1.68
11 establishments

Other Personal Care Services

Growth
+55.6%
Scale
$150K PAY
Saturation
0.66
14 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+50.0%
Scale
$4432.0M REV
Saturation
0.89
176 establishments

Title Abstract and Settlement Offices

Growth
+50.0%
Scale
$223K PAY
Saturation
2.09
12 establishments

General Freight Trucking, Local

Growth
+45.5%
Scale
$677K PAY
Saturation
1.63
48 establishments

All Other Outpatient Care Centers

Growth
+44.4%
Scale
$2.9M PAY
Saturation
0.99
13 establishments

Car Washes

Growth
+42.9%
Scale
$124K PAY
Saturation
0.78
10 establishments

Other Residential Care Facilities

Growth
+42.9%
Scale
$1.1M PAY
Saturation
2.82
10 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Hagerstown-Martinsburg:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?