Housing Insights for ZIP Code 21620 (Chestertown, MD)

Housing Summary for ZIP Code 21620

Homeowners

The median home value in ZIP Code 21620 (Chestertown, MD) is $260,100. Approximately 65.1% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 1.1%.

The average occupancy of owner-occupied units in ZIP Code 21620 is 2.33 occupants, while owner-occupied units have an aggregate average size of 2.97 bedrooms per housing unit.

Renters

In the 21620 ZIP Code, an estimated 34.9% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.07 occupants, while renters in this Kent County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21620

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21620.

ZIP 21620 Maryland U.S.
Median Home Value $260,100 $430,752 $361,498
Owner-Occupied Housing Units 65.1% 66.9% 64.0%
Homeowner Vacancy Rate 1.1% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.33 2.75 2.70
Average # of Bedrooms Per Unit 2.97 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 34.9% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.07 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21620 (Chestertown, MD)

The median home value in ZIP Code 21620 is $260,100. That median value is about 17% lower than the median home value of $314,800 in Maryland overall, and is 20% higher than the $217,500 the median home value in the entire U.S. Approximately 30.2% of homes in ZIP Code 21620 are valued $200,000 to $299,999. That is 24% higher than in Maryland, in which 24.4% of homes are valued at $200,000 to $299,999, and is about 54% higher than in the U.S. overall (19.6% of homes valued at $200,000 to $299,999). The home value range that the smallest portion of ZIP Code 21620 homes fall into is less than $50,000 (1.9% of homes).

Home Values in ZIP Code 21620

This chart visualizes the breakdown of home values in ZIP Code 21620, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21620 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21620

See the table below for a regional comparison of home values in ZIP Code 21620.

Home Value ZIP 21620 Maryland U.S.
Less than $50,000 1.9% 2.7% 6.9%
$50,000 to $99,999 5.0% 3.7% 12.0%
$100,000 to $149,999 8.5% 6.3% 13.3%
$150,000 to $199,999 15.0% 9.9% 14.0%
$200,000 to $299,999 30.2% 24.4% 19.6%
$300,000 to $499,999 24.0% 32.8% 19.3%
$500,000 to $999,999 12.9% 17.1% 11.4%
$1,000,000 or more 2.4% 3.1% 3.4%

Home Ages in ZIP Code 21620 (Chestertown, MD)

Approximately 17.5% of homes in this Chestertown, MD region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 21620 is about 48% higher than percentage of homes built in this time period in Maryland overall (11.8% of homes), and is 39% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 14.8% of local homes were built in 1990 to 1999. On the other end of the scale, just 1.3% of homes in this Kent County ZIP Code were built in 2010 to 2013 in ZIP Code 21620. In comparison, 2.6% of homes in Maryland overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21620

A detailed regional comparison of home ages in ZIP Code 21620.

Year Built ZIP 21620 Maryland U.S.
2014 or later 1.4% 2.3% 2.5%
2010 to 2013 1.3% 2.6% 2.7%
2000 to 2009 13.8% 11.4% 14.0%
1990 to 1999 14.8% 14.3% 13.9%
1980 to 1989 13.8% 15.3% 13.4%
1970 to 1979 14.7% 14.1% 15.2%
1960 to 1969 12.2% 11.5% 10.6%
1950 to 1959 6.8% 11.4% 10.3%
1940 to 1949 3.6% 5.2% 4.9%
1939 or earlier 17.5% 11.8% 12.6%

Age of Homes in ZIP Code 21620

See the chart below for details on the age of homes in ZIP Code 21620, 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 21620

Frequently asked questions about housing in this Chestertown, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21620.

1

What is the average home value ZIP Code 21620?

The median home value in ZIP Code 21620 (Chestertown, MD) is $260,100.
2

Are homes expensive in ZIP Code 21620?

The median home value in 21620 ($260,100) is an estimated 17% lower than the aggregate median value of $314,800 in Maryland, and is 20% 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 21620?

The vacacy rate for owner-occupied housing in ZIP Code 21620 is 1.1%. This rate is 35% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21620 vacancy rate is 31% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21620 have older homes or newer construction?

In ZIP Code 21620, about 17.5% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 14.8% of homes in the region were built in 1990 to 1999. In contrast, 1.3% of homes in 21620 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 21620? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21620 than renter-occupied housing. Owner-occupied units make up 65.1% of housing, compared to 34.9% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21620?

The vacacy rate for rental units in ZIP Code 21620 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21620 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.