The housing market in 20732 Chesapeake Beach, MD is showing strong signs of appreciation. The median value for a home in this area is $424,800, which is much higher than the US median house value of $338,100. In the past year, house values have appreciated by 8.27% nationwide and 6.91% in 20732 Chesapeake Beach specifically. This indicates that investing in property here could be a lucrative move. With its close proximity to beaches and other attractions, this area continues to be an attractive option for those looking to purchase real estate in Maryland.
The median home cost in Chesapeake Beach (zip 20732) is $424,800. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Chesapeake Beach (zip 20732) is up 10.7%.
Average Age of Homes
- The median age of Chesapeake Beach (zip 20732) real estate is 27 years old
The Rental Market in Chesapeake Beach (zip 20732)
- Renters make up 21.8% of the Chesapeake Beach (zip 20732) population
- 0.6% of houses and apartments in Chesapeake Beach (zip 20732), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.