Chesapeake City, MD is an affluent area located in the state of Maryland. The median value of homes in this area is $340,700 which is about $2,600 more than the median home value for the US as a whole. Home values have increased by 9.66% over the past year while the US appreciation rate was 8.27%. With such a high home value and appreciation rate, it is no surprise that Chesapeake City is known for being an affluent town with a strong housing market.
The median home cost in Chesapeake City (zip 21915) is $340,700. Home appreciation the last 10 years has been 48.2%. Home Appreciation in Chesapeake City (zip 21915) is up 9.3%.
Average Age of Homes
- The median age of Chesapeake City (zip 21915) real estate is 44 years old
The Rental Market in Chesapeake City (zip 21915)
- Renters make up 10.6% of the Chesapeake City (zip 21915) population
- 1.6% of houses and apartments in Chesapeake City (zip 21915), 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.