Chesapeake City, MD—21915
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chesapeake City, MD
As of Oct '25, the median home price in Chesapeake City, MD is $404,000, with a year-over-year change of 3.8%. This indicates that home prices in Chesapeake City, MD are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $404,000 | 3.8% |
| Single Family | $405,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $352,000 | 4.1% |
3 Bed | $398,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chesapeake City, MD
As of July '25, Rentcast reports the average rent in Chesapeake City, MD is $2,200, with a year-over-year rent change of 120.0%. Per bedroom, the median rent as of July '25 in Chesapeake City, MD is 2-bedrooms: $2,200. The most common rental property sizes in Chesapeake City, MD are 3-bedroom and 1-bedroom, accounting for 48.7% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,200 | $2,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chesapeake City, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Chesapeake City, MD is 107. 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $792,000 | 24.0% |
Listing Count | 14 | 63.0% |
| Listings as % of Homes | 0.6% | 63.0% |
Days on Market | 107 | 74.0% |
Demographics — Chesapeake City, MD
As of the latest ACS Survey released in 2023, Chesapeake City, MD has a population of 2,470, which has decreased by -9.6% over the past 5 years. Chesapeake City, MD is a moderately popular place for families, as children make up 17.4% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,470 | -9.6% |
% Under 18 | 17.4% | -13.0% |
% Seniors | 30.1% | 123.0% |
% WFH | 14.9% | 156.9% |
% w/ College Degree | 21.8% | -9.5% |
As of the latest ACS Survey released in 2023, Chesapeake City, MD is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Chesapeake City, MD is hispanic, making up 6.1% of the population. Foreign-born residents account for 1.5% of the population in Chesapeake City, MD, and this percentage has decreased by 76.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.9% | -1.4% |
% Black | 0.6% | 0.0% |
% Hispanic | 6.1% | -3.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.5% | -76.6% |
Mortgage and Risk — Chesapeake City, MD
According to HUD data as of 2023, there were 99 mortgage originations in Chesapeake City, MD, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Chesapeake City, MD. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Chesapeake City, MD
Chesapeake City, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,220 |
| 2 Bedroom | -$750 | $2,200 | $1,450 |
| 3 Bedroom | N/A | N/A | $1,750 |
| 4 Bedroom | N/A | N/A | $1,990 |
Affordability — Chesapeake City, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $404,000 |
| Median Household Income | $97,800 |