Located in Maryland, Chesapeake Ranch Estates is an area that has seen a steady appreciation in the value of housing. The median value for housing in the estate is $265,500, which is lower than the US house median of $338,100. Despite this difference in values, the estate has experienced a 1 year house appreciation rate of 7.62%, just below the national average of 8.27%. This demonstrates that Chesapeake Ranch Estates remains an attractive area for potential homeowners looking to invest in real estate while benefiting from a strong appreciation rate.
The median home cost in Chesapeake Ranch Estates is $265,500. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Chesapeake Ranch Estates is up 12.7%.
Average Age of Homes
- The median age of Chesapeake Ranch Estates real estate is 23 years old
The Rental Market in Chesapeake Ranch Estates
- Renters make up 16.4% of the Chesapeake Ranch Estates population
- 1.6% of houses and apartments in Chesapeake Ranch Estates, 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.