The Most Affordable Neighborhoods in Chesapeake Ranch Estates, MD by Home Value

 

Chesapeake Ranch Estates, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chesapeake Ranch Estates area can be challenging. Home prices in Chesapeake Ranch Estates are now at a median cost of $242,776, lower than the Maryland average of $357,815.

The average cost of rent is $1,537/mo in Chesapeake Ranch Estates, primarily driven by the current value of real estate in the Chesapeake Ranch Estates area. While nearly 8.11% of residents own their homes outright in Chesapeake Ranch Estates, 14.35% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chesapeake Ranch Estates is $8,368 per month. Households that rent pay about 18.36% of their income on rent here. Chesapeake Ranch Estates's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.


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