Housing Insights for ZIP Code 20732 (Chesapeake Beach, MD)

Housing Summary for ZIP Code 20732

Homeowners

The median home value in ZIP Code 20732 (Chesapeake Beach, MD) is $345,100. Approximately 78.4% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.8%.

The average occupancy of owner-occupied units in ZIP Code 20732 is 2.76 occupants, while owner-occupied units have an aggregate average size of 3.34 bedrooms per housing unit.

Renters

In the 20732 ZIP Code, an estimated 21.6% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.9%.

Among renter-occupied units in this ZIP, the average occupancy is 2.29 occupants, while renters in this Calvert County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20732

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20732.

ZIP 20732 Maryland U.S.
Median Home Value $345,100 $430,752 $361,498
Owner-Occupied Housing Units 78.4% 66.9% 64.0%
Homeowner Vacancy Rate 0.8% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.76 2.75 2.70
Average # of Bedrooms Per Unit 3.34 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 21.6% 33.1% 36.0%
Rental Vacancy Rate 4.9% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.29 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20732 (Chesapeake Beach, MD)

The median home value in ZIP Code 20732 is $345,100. That median value is about 10% higher than the median home value of $314,800 in Maryland overall, and is 59% higher than the $217,500 the median home value in the entire U.S. An estimated 52.5% of homes in ZIP Code 20732 are valued $300,000 to $499,999. That is 60% higher than in the state of Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 172% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 20732 homes fall into is $50,000 to $99,999 (0.0% of homes).

Home Values in ZIP Code 20732

This chart visualizes the breakdown of home values in ZIP Code 20732, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20732 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20732

See the table below for a regional comparison of home values in ZIP Code 20732.

Home Value ZIP 20732 Maryland U.S.
Less than $50,000 1.3% 2.7% 6.9%
$50,000 to $99,999 0.0% 3.7% 12.0%
$100,000 to $149,999 0.4% 6.3% 13.3%
$150,000 to $199,999 2.0% 9.9% 14.0%
$200,000 to $299,999 32.9% 24.4% 19.6%
$300,000 to $499,999 52.5% 32.8% 19.3%
$500,000 to $999,999 10.6% 17.1% 11.4%
$1,000,000 or more 0.2% 3.1% 3.4%

Home Ages in ZIP Code 20732 (Chesapeake Beach, MD)

Approximately 24.5% of homes in this Chesapeake Beach, MD region were built in 1980 to 1989. This amount of homes built in 1980 to 1989 in ZIP Code 20732 is about 60% higher than percentage of homes built in this time period in Maryland overall (15.3% of homes), and is 83% higher the percentage (13.4% of homes) in the U.S. as a whole. Additionally, an esimated 24.1% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.2% of homes in this Calvert County ZIP Code were built in 2014 or later in ZIP Code 20732. In comparison, 2.3% of homes in Maryland overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20732

A detailed regional comparison of home ages in ZIP Code 20732.

Year Built ZIP 20732 Maryland U.S.
2014 or later 0.2% 2.3% 2.5%
2010 to 2013 5.3% 2.6% 2.7%
2000 to 2009 21.6% 11.4% 14.0%
1990 to 1999 24.1% 14.3% 13.9%
1980 to 1989 24.5% 15.3% 13.4%
1970 to 1979 10.0% 14.1% 15.2%
1960 to 1969 0.9% 11.5% 10.6%
1950 to 1959 2.9% 11.4% 10.3%
1940 to 1949 4.5% 5.2% 4.9%
1939 or earlier 6.1% 11.8% 12.6%

Age of Homes in ZIP Code 20732

See the chart below for details on the age of homes in ZIP Code 20732, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 20732

Frequently asked questions about housing in this Chesapeake Beach, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20732.

1

What is the average home value ZIP Code 20732?

The median home value in ZIP Code 20732 (Chesapeake Beach, MD) is $345,100.
2

Are homes expensive in ZIP Code 20732?

The median home value in 20732 ($345,100) is an estimated 10% higher than the aggregate median value of $314,800 in Maryland, and is 59% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 20732?

The vacacy rate for owner-occupied housing in ZIP Code 20732 is 0.8%. This rate is 53% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20732 vacancy rate is 50% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20732 have older homes or newer construction?

In ZIP Code 20732, about 24.5% of homes were built in 1980 to 1989. That time range includes the most home construction. Also, 24.1% of homes in the region were built in 1990 to 1999. In contrast, 0.2% of homes in 20732 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 20732? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20732 than renter-occupied housing. Owner-occupied units make up 78.4% of housing, compared to 21.6% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20732?

The vacacy rate for rental units in ZIP Code 20732 is 4.9%. This rate is 18% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20732 vacancy rate is 18% lower than the entire U.S. vacancy rate of 6.0%.