The typical owner-occupied home in Chesapeake Beach is worth about $444,600, 6% above the Maryland median of $419,900 and 34% above the national median of $332,700. Owners pay a median $3,676 a year in property taxes, about 0.83% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $138,895 a year, so the median home costs 3.2 times the median income (4.1 times for Maryland). 83% of occupied homes here are lived in by their owners, and 84% of those owners still have a mortgage.
Chesapeake Beach at a glance
| Chesapeake Beach | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $444,600 | $419,900 | $332,700 |
| Median property tax paid per year | $3,676 | $4,093 | $3,119 |
| Property tax as a share of value | 0.83% | 0.97% | 0.94% |
| Median household income | $138,895 | $103,678 | $80,734 |
| Homes lived in by their owners | 83% | 68% | 65% |
| Owner homes with a mortgage | 84% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,274 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.5% | 21.0% |
| Median rent | $1,756 | $1,705 | $1,413 |
| Rent as a share of renters' income | 36.7% | 30.8% | 30.6% |
| Median year homes were built | 1993 | 1979 | 1980 |
| Vacant homes | 9.5% | 7.7% | 10.1% |
| Population | 6,456 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Chesapeake Beach
At this week's average 30-year rate of 7.11%, buying the median Chesapeake Beach home of $444,600 with 20% down costs about $2,885 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,626, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $123,662 for the 20%-down payment. That payment is 25% of the median Chesapeake Beach household income of $138,895; at that income and 20% down, the 28% guideline points to a home of about $499,000.
The median rent here is $1,756 a month, so owning the median home costs about $1,129 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $88,920 |
|---|---|
| Loan amount | $355,680 |
| Principal and interest | $2,393 |
| Property taxes (0.83% a year) | $308 |
| Homeowners insurance (our estimate, 0.5% a year) | $185 |
| PMI | $0 |
| Total per month | $2,885 |
Change the numbers in the calculator
| Down payment | $15,561 |
|---|---|
| Loan amount | $436,547 |
| Principal and interest | $2,937 |
| Property taxes (0.83% a year) | $308 |
| Homeowners insurance (our estimate, 0.5% a year) | $185 |
| FHA mortgage insurance | $197 |
| Total per month | $3,626 |
Change the numbers in the calculator
Questions about home buying in Chesapeake Beach
What is the median home value in Chesapeake Beach?
About $444,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chesapeake Beach?
Homeowners pay a median $3,676 a year, which is about 0.83% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Chesapeake Beach?
For the median home with 20% down at 7.11%, the payment is about $2,885 a month. Keeping that under 28% of gross income takes about $123,662 a year.
More about Chesapeake Beach
- Mortgage Refinance in Chesapeake Beach
- Debt Relief in Chesapeake Beach
- Home Equity Loans in Chesapeake Beach
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data