Total monthly cost of ownership
Cost to Own a Home in Chesapeake Beach, Maryland
A $438,000 home here costs
$3,319per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,252. The real number is $1,067 higher every month — 47% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Chesapeake Beach against Calvert County and Maryland
| Measure | Chesapeake Beach | Calvert County |
|---|---|---|
| Median home value | $438,300 | $440,200 |
| Median property tax | $3,955 | $3,858 |
| Effective tax rate | 0.902% | 0.876% |
| Median gross rent | $1,490 | $1,701 |
| Population | 6,428 | 93,791 |
The weather behind that power bill
Chesapeake Beach sits in Calvert County, which averages a high of 87.3°F in its hottest month and a low of 29.5°F in its coldest, with 45.3" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,508 cooling and 3,927 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Calvert County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calvert County
Full Calvert County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Chesapeake Beach?
A $438,000 home in Chesapeake Beach, Maryland costs approximately $3,319 per month with 20% down at 6.66%. That is $2,252 principal and interest, $329 property tax, $110 homeowners insurance, $264 utilities and $365 set aside for maintenance.
What is the property tax rate in Chesapeake Beach?
Chesapeake Beach has an effective property tax rate of 0.902%, based on a median home value of $438,300 and median real estate taxes of $3,955. That is higher than the Calvert County average of 0.876%.
What is the average home price in Chesapeake Beach?
The median owner-occupied home value in Chesapeake Beach, Maryland is $438,300, against $440,200 across Calvert County.
Is it cheaper to rent or buy in Chesapeake Beach?
Median gross rent in Chesapeake Beach is $1,490 a month, against $3,319 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chesapeake Beach — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Maryland.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.