The housing market in Chestertown, MD (21620) is thriving. The median value of all homes in the area is $319,300, slightly lower than the US median value of $338,100. Moreover, the rate of house appreciation over the past year has been 9.21%, higher than the national rate of 8.27%. This indicates that housing values are likely to continue to increase in Chestertown in the near future. Therefore, investing in a home in this area can be a wise choice for potential buyers.
The median home cost in Chestertown (zip 21620) is $319,300. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Chestertown (zip 21620) is up 14.5%.
Average Age of Homes
- The median age of Chestertown (zip 21620) real estate is 39 years old
The Rental Market in Chestertown (zip 21620)
- Renters make up 24.4% of the Chestertown (zip 21620) population
- 0.6% of houses and apartments in Chestertown (zip 21620), 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.