Chesapeake City, MD is a great place to live with its median housing value being $351,400 which is slightly higher than the US House Median Value of $338,100. In the last year there has been an impressive appreciation in house values of 9.66%, slightly higher than the US 1 year House Appreciation of 8.27%. Therefore, Chesapeake City, MD is a great place to invest in the housing market and reap the rewards from appreciating property values.
The median home cost in Chesapeake City is $351,400. Home appreciation the last 10 years has been 48.2%. Home Appreciation in Chesapeake City is up 9.3%.
Average Age of Homes
- The median age of Chesapeake City real estate is 78 years old
The Rental Market in Chesapeake City
- Renters make up 29.5% of the Chesapeake City population
- 5.3% of houses and apartments in Chesapeake City, 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.