Chesapeake Beach, MD—20732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chesapeake Beach, MD
As of Oct '25, the median home price in Chesapeake Beach, MD is $455,000, with a year-over-year change of 1.5%. This indicates that home prices in Chesapeake Beach, MD are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | 1.5% |
| Single Family | $461,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $354,000 | 0.9% |
3 Bed | $405,000 | 1.0% |
4 Bed | $546,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chesapeake Beach, MD
As of July '25, Rentcast reports the average rent in Chesapeake Beach, MD is $2,700, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Chesapeake Beach, MD is 1-bedrooms: $1,600, 2-bedrooms: $2,780, 3-bedrooms: $2,580, 4-bedrooms: $3,250. The most common rental property sizes in Chesapeake Beach, MD are 3-bedroom and 4-bedroom, accounting for 27.8% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,800 | $2,780 |
| 3 Bed Rent | $2,600 | $2,580 |
| 4 Bed Rent | $3,150 | $3,250 |
% of Rental Stock
Property Listings — Chesapeake Beach, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Chesapeake Beach, MD is 48. This is a increase of 74.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | -16.0% |
Listing Count | 33 | 23.0% |
| Listings as % of Homes | 0.8% | 23.0% |
Days on Market | 48 | 74.0% |
Demographics — Chesapeake Beach, MD
As of the latest ACS Survey released in 2023, Chesapeake Beach, MD has a population of 10,900, which has increased by 13.2% over the past 5 years. Chesapeake Beach, MD is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 41.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 13.2% |
% Under 18 | 22.6% | -10.0% |
% Seniors | 17.5% | 60.6% |
% WFH | 19.2% | 262.3% |
% w/ College Degree | 41.8% | 48.2% |
As of the latest ACS Survey released in 2023, Chesapeake Beach, MD is a predominantly white area, with 73.7% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Chesapeake Beach, MD is black, making up 11.6% of the population. Foreign-born residents account for 2.4% of the population in Chesapeake Beach, MD, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.7% | -8.7% |
% Black | 11.6% | 19.6% |
% Hispanic | 2.4% | -7.7% |
% Asian | 2.7% | 237.5% |
% Foreign Born | 2.4% | 0.0% |
Mortgage and Risk — Chesapeake Beach, MD
According to HUD data as of 2023, there were 160 mortgage originations in Chesapeake Beach, MD, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Chesapeake Beach, MD. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Chesapeake Beach, MD
As of 2024, the percent of homes in Chesapeake Beach, MD under the Section 8 program is 11.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Chesapeake Beach, MD, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 60 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,600 | $1,850 |
| 2 Bedroom | -$720 | $2,800 | $2,080 |
| 3 Bedroom | $0 | $2,600 | $2,600 |
| 4 Bedroom | -$80 | $3,150 | $3,070 |
Affordability — Chesapeake Beach, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $455,000 |
| Median Household Income | $136,000 |