Maryland Beach Named Most Affordable Beach Town for Homebuyers in 2023
Maryland Beach Named Most Affordable Beach Town for Homebuyers in 2023
Summer and beach season is here and it’s time to relax.
The stress of vacation usually comes in the winter when searching for a house to rent and making sure dates match up with work and kids’ schedules.
What if you could eliminate that stress? Easy! Just buy a beach house.
Which is easier said than done. The real estate market is insane and doesn’t look like it will be calming down anytime soon.
Luckily, if you are looking for an affordable beach town you won’t have to go far.
A Maryland beach has been named one of the most affordable beach towns for homebuyers in 2023.
According to Realtor.com North Beach, Maryland is one of the most affordable beach towns in America.
North Beach is located on the Chesapeake Bay, about 30 miles east-southeast from Washington, DC. The small town was established in 1900 as a getaway for DC and Baltimore residents looking for a place to keep a vacation cottage with easy access to beaches. North Beach boasts a boardwalk with a dedicated bike path and plenty of shops. Those looking for nightlife, gambling, or a family-friendly trip to the water park can head to neighboring Chesapeake Beach, MD. Beach seekers can find a relatively new condo on the boardwalk for between $365,000 and $390,000 with views of the beach and the bay. (Realtor.com)
The median price of a home within a mile of the beach is $384,495 and the median price per square foot for a home within a mile from the beach is $245.
This makes it the 8th most affordable beach town for homebuyers in 2023.
Atlantic City also made the list of most affordable beach town for homebuyers in 2023.
The Jersey Shore town was ranked the 6th most affordable with the median price of a home within 1 mile of the beach being $185,000.
Maryland Beach Named Most Affordable Beach Town for Homebuyers in 2023