Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chesapeake City area can be challenging. Home prices in Chesapeake City are now at a median cost of $326,069, lower than the Maryland average of $357,815.
The average cost of rent is $897/mo in Chesapeake City, primarily driven by the current value of real estate in the Chesapeake City area. While nearly 28.16% of residents own their homes outright in Chesapeake City, 12.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chesapeake City is $7,112 per month. Households that rent pay about 12.61% of their income on rent here. Chesapeake City's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Randalia, MD: less expensive homes
- St. Augustine, MD: equally priced homes
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- Glasgow, DE: equally priced homes
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- Cecilton, MD: less expensive homes
- Middletown, DE: equally priced homes
- Colonial Acres, MD: less expensive homes
- Red Point, MD: equally priced homes
Cities with Similar Populations
- Fort Fairfield, ME: less expensive homes
- Rickman, TN: less expensive homes
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- Russellville, MO: less expensive homes
- Sewaren, NJ: equally priced homes
- Hubbardston, MA: less expensive homes
- Holyoke, CO: less expensive homes
- Holmes Beach, FL: higher priced homes
- Stanley, ND: less expensive homes
- Gray, KY: less expensive homes
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