Chance First-Time Homebuyer Report for January

Chance is a smaller-than-average city in Maryland with 353 residents. Its population is also growing about even with others at a 10-year growth rate of -5.9%. Chance has an home ownership ratio of 48.9% and a renting ratio of 9.9%.

Price Range

The median value of homes in Chance is $121,300, making it one of the lower priced areas in Maryland. At the same time, the average list price of available homes is presently $311,510. Yet again, no deals were completed in the Chance market over the last 30 days. Chance is used to having 0.3 sales per month.

Out of all the listings in Chance, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$549K   $157K  

Typical Dwelling

A three-bedroom detached home valued around $137,000 is considered a typical dwelling in Chance. If a buyer was looking for a similar home, they would need good credit and a $27,400 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $24 and the property tax rate is $8.22 per $1,000 of taxable assessed value.

Get started right now by checking out Chance homes for sale or reviewing Chance real estate trends.


Data reported through 1/12/2017

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