Matapeake / Bay City median real estate price is $430,537, which is more expensive than 82.1% of the neighborhoods in Maryland and 84.5% of the neighborhoods in the U.S.
The average rental price in Matapeake / Bay City is currently $1,610, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.2% of the neighborhoods in Maryland.
Matapeake / Bay City is a suburban neighborhood (based on population density) located in Stevensville, Maryland. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Matapeake / Bay City real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Matapeake / Bay City neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Matapeake / Bay City. The current real estate vacancy rate here is 19.0%. This is higher than the rate of vacancies in 83.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (10.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.