Total monthly cost of ownership
Cost to Own a Home in Chesapeake Ranch Estates, Maryland
A $287,000 home here costs
$2,367per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $101,500 a year.
A standard mortgage calculator would have told you $1,565. The real number is $802 higher every month, 51% more than the payment most buyers budget for.
Compare Calvert County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Chesapeake Ranch Estates against Calvert County and Maryland
| Measure | Chesapeake Ranch Estates | Calvert County |
|---|---|---|
| Median home value | $286,600 | $440,200 |
| Median property tax | $2,686 | $3,858 |
| Effective tax rate | 0.937% | 0.876% |
| Median gross rent | $1,794 | $1,701 |
| Population | 9,307 | 93,791 |
The weather behind that power bill
Chesapeake Ranch Estates 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 $199 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
Talk to someone who works this market
These are Chesapeake Ranch Estates averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Chesapeake Ranch Estates every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Chesapeake Ranch Estates I already own here and may sell
Common questions
How much does it cost to own a home in Chesapeake Ranch Estates?
A $287,000 home in Chesapeake Ranch Estates, Maryland costs approximately $2,367 per month with 20% down at 7.24%. That is $1,565 principal and interest, $224 property tax, $72 homeowners insurance, $267 utilities and $239 set aside for maintenance.
What is the property tax rate in Chesapeake Ranch Estates?
Chesapeake Ranch Estates has an effective property tax rate of 0.937%, based on a median home value of $286,600 and median real estate taxes of $2,686. That is higher than the Calvert County average of 0.876%.
What is the average home price in Chesapeake Ranch Estates?
The median owner-occupied home value in Chesapeake Ranch Estates, Maryland is $286,600, against $440,200 across Calvert County.
Is it cheaper to rent or buy in Chesapeake Ranch Estates?
Median gross rent in Chesapeake Ranch Estates is $1,794 a month, against $2,367 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Chesapeake Ranch Estates?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Chesapeake Ranch Estates, Maryland at today's rate takes a household income of roughly $101,500 a year. That covers the full $2,367 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chesapeake Ranch Estates, 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.