The housing market in 20657 Chesapeake Ranch Estates, MD is currently valued at $310,900, which is slightly below the US house median value of $338,100. In the last year, the US house appreciation rate has been 8.27%, while the appreciation rate for homes in 20657 Chesapeake Ranch Estates was slightly lower at 7.62%. This indicates that while homes in this area are appreciating at a respectable rate, they may not be increasing as quickly as some other areas in the country.
The median home cost in Chesapeake Ranch Estates (zip 20657) is $310,900. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Chesapeake Ranch Estates (zip 20657) is up 12.7%.
Average Age of Homes
- The median age of Chesapeake Ranch Estates (zip 20657) real estate is 26 years old
The Rental Market in Chesapeake Ranch Estates (zip 20657)
- Renters make up 16.0% of the Chesapeake Ranch Estates (zip 20657) population
- 1.5% of houses and apartments in Chesapeake Ranch Estates (zip 20657), 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.