According to statistics, the population in Chesapeake Beach, MD amounts to 5,930, which shows growth 1% compared to the previous year. The median age of the city’s residents is 35. The average household income is $102,679, shifting decline -1% from the past year, and the average property value in Chesapeake Beach, MD decline -1% to $313,600 throughout the year.
|Number Of Employees||2,951|
|Median Property Value||$313,600|
The average household income in Chesapeake Beach, MD declined from $103,342 to $102,679 in the past year. This data is an estimate based upon 2,019 households in Chesapeake Beach, MD . The chart below presents how household income is distributed in Chesapeake Beach, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Chesapeake Beach, MD shifted from $317,300 to $313,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chesapeake Beach, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chesapeake Beach, MD properties falls in the '$250,000 to $299,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chesapeake Beach, MD compared to median property taxes around the country. The prevalent amount of property taxes in Chesapeake Beach, MD equals $3000, which is less than the national average.
|Apartment Size||Sep||vs Last Month|
|1 bed for sale||$422,445||+17.4%|
|2 bed for sale||$553,207||+25.7%|
|3 bed for sale||$420,234||-7.2%|
|4+ bed for sale||$395,200||-21%|
During Sep 2022, the average price for an apartment in/near Chesapeake Beach, MD decreased by 3.5% to $450,121.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 17.4% to $422,445. Asking price for 2-bed apartment also increased by 25.7% and a place of this size will now cost you $553,207. A 3-bed apartment goes for $420,234, it decreased by 7.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 21% and made it down to $395,200.
|Listing Type||Sep||vs Last Month|
|Townhouses for sale||$326,000||-56.5%|
|Houses for sale||$437,970||-9.4%|
|Condos for sale||$546,575||+18.7%|
|Land for sale||$241,000||+131.2%|
|Lofts for sale||$399,900||N/A|
Price reports demonstrate that house price decreased by 9.4% this month making it up to $437,970. Condos are really in demand in this season. The median price for a condo increased by 18.7%, it’s now available for $546,575. The price statistics of lofts have not significantly changed, it now still goes for $399,900. The property value of townhouses decreased by 56.5%, you’ll have to spend around $326,000 to get one.