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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Chesapeake Beach, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Chesapeake Beach, MD Housing Market Trends

With 6,479 people, 2,582 houses or apartments, and a median cost of homes of $487,039, Chesapeake Beach real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Chesapeake Beach, accounting for 57.06% of the town's housing units. Other types of housing that are prevalent in Chesapeake Beach include row houses and other attached homes ( 28.17%), large apartment complexes or high rise apartments ( 13.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chesapeake Beach. Owner-occupied housing accounts for 78.12% of Chesapeake Beach's homes, and 63.06% have either three or four bedrooms, which is average sized relative to America.

Chesapeake Beach homes and real estate are some of the newest in America. 39.81% of Chesapeake Beach's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Chesapeake Beach real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.15%), and between 1940-1969 ( 16.42%). There's also some housing in Chesapeake Beach built before 1939 ( 6.61%).

Chesapeake Beach Home Appreciation Rates

Chesapeake Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chesapeake Beach during the period has been just 4.67%, which is lower than 80% of US communities.

Over the last year, Chesapeake Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Chesapeake Beach's appreciation rate has been 3.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chesapeake Beach were at 3.11%, which equates to an annual appreciation rate of 13.04%.

Importantly, this makes Chesapeake Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Maryland, our data show that Chesapeake Beach's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

Median Home Value

$487,039

Chesapeake Beach, MD Home Prices
> $1,325,000
$994,001 - $1,325,000
$662,001 - $994,000
$530,001 - $662,000
$398,001 - $530,000
$265,001 - $398,000
$132,001 - $265,000
$67,001 - $132,000
$0 - $67,000
0.1%
0.1%
0.5%
0.5%
20.3%
20.3%
21.5%
21.5%
36.6%
36.6%
11.6%
11.6%
8.4%
8.4%
0.0%
0.0%
1.0%
1.0%
0% 100.0%
% of Homes
Average

for Maryland

Very High

for nation

Number of Homes And Apartments:

2,582

Chesapeake Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,786 / per month

Homeownership Rate

Owners
Renters
78.1%
78.1%
21.9%
21.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.2%
7.2%
92.8%
92.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
39.8%
39.8%
37.2%
37.2%
16.4%
16.4%
6.6%
6.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.1%
57.1%
28.2%
28.2%
0.8%
0.8%
14.0%
14.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
5.0%
5.0%
19.2%
19.2%
37.7%
37.7%
25.4%
25.4%
12.0%
12.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Chesapeake Beach

Zip Codes in Chesapeake Beach, MD