Chester, MD—21619
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chester, MD
As of Oct '25, the median home price in Chester, MD is $517,000, with a year-over-year change of 3.0%. This indicates that home prices in Chester, MD are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $517,000 | 3.0% |
| Single Family | $524,000 | 2.5% |
| Condos | $480,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $449,000 | 3.0% |
3 Bed | $490,000 | 2.1% |
4 Bed | $669,000 | 1.8% |
| 5 Bed | $976,000 | 3.7% |
% of Housing Stock
Rental Trends — Chester, MD
As of July '25, Rentcast reports the average rent in Chester, MD is $2,690, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Chester, MD is 1-bedrooms: $1,340, 2-bedrooms: $2,600, 3-bedrooms: $3,300, 4-bedrooms: $3,450. The most common rental property sizes in Chester, MD are 2-bedroom and 3-bedroom, accounting for 41.4% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,340 |
| 2 Bed Rent | $2,100 | $2,600 |
| 3 Bed Rent | $3,200 | $3,300 |
| 4 Bed Rent | $2,400 | $3,450 |
% of Rental Stock
Property Listings — Chester, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Chester, MD is 64. This is a increase of 27.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -17.0% |
Listing Count | 87 | 18.0% |
| Listings as % of Homes | 1.4% | 18.0% |
Days on Market | 64 | 27.0% |
Demographics — Chester, MD
As of the latest ACS Survey released in 2023, Chester, MD has a population of 5,900, which has remained stable by 0.2% over the past 5 years. Chester, MD is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 36.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,900 | 0.2% |
% Under 18 | 19.2% | 15.7% |
% Seniors | 21.4% | -6.6% |
% WFH | 10.7% | 52.9% |
% w/ College Degree | 36.5% | 6.4% |
As of the latest ACS Survey released in 2023, Chester, MD is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Chester, MD is black, making up 7.9% of the population. Foreign-born residents account for 8.1% of the population in Chester, MD, and this percentage has increased by 88.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.3% | -10.5% |
% Black | 7.9% | 139.4% |
% Hispanic | 4.7% | 62.1% |
% Asian | 1.3% | 85.7% |
% Foreign Born | 8.1% | 88.4% |
Mortgage and Risk — Chester, MD
According to HUD data as of 2023, there were 103 mortgage originations in Chester, MD, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Chester, MD. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Chester, MD
As of 2024, the percent of homes in Chester, MD under the Section 8 program is 3.3%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Chester, MD, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $770 | $1,200 | $1,970 |
| 2 Bedroom | $310 | $2,100 | $2,410 |
| 3 Bedroom | -$100 | $3,200 | $3,100 |
| 4 Bedroom | $1,070 | $2,400 | $3,470 |
Affordability — Chester, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $517,000 |
| Median Household Income | $100,000 |