According to statistics, the population in Chester, MD amounts to 4,904, which shows decline -1% compared to the previous year. The median age of the city’s residents is 47. The average household income is $83,013, shifting decline -4% from the past year, and the average property value in Chester, MD decline -1% to $302,700 throughout the year.
|Number Of Employees||2,603|
|Median Property Value||$302,700|
The average household income in Chester, MD declined from $86,250 to $83,013 in the past year. This data is an estimate based upon 1,970 households in Chester, MD . The chart below presents how household income is distributed in Chester, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Chester, MD shifted from $307,000 to $302,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chester, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chester, MD properties falls in the '$300,000 to $399,999' range, which is higher 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 Chester, MD compared to median property taxes around the country. The prevalent amount of property taxes in Chester, MD equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Chester, MD increased by 6.2% to $631,300.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $264,000 with no changes this month. Asking price for 2-bed apartment also increased by 30.5% and a place of this size will now cost you $499,321. A 3-bed apartment goes for $622,801, it decreased by 26.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 26.2% and made it up to $973,693.
Price reports demonstrate that house price decreased by 24.9% this month making it up to $763,807. Condos are really in demand in this season. The median price for a condo increased by 39.7%, it’s now available for $554,495. The price statistics of lofts have not significantly changed, it now still goes for $749,000. Value of the townhouses didn’t change, the price still starts at $429,000.