Chestertown housing market attracts buyers from Baltimore County and Anne Arundel County

Kent County, MD, is experiencing a booming rental market, with properties renting out quickly despite challenges in finding qualified tenants. During the recent ETDC meeting, officials highlighted the strong demand for rental properties, noting that landlords often receive numerous applications but struggle to find tenants who meet necessary credit and income requirements.

To address this issue, community leaders suggested enhancing financial literacy education in local high schools. This initiative aims to prepare future renters by teaching them the importance of stable income and responsible financial management, which are key factors landlords consider when selecting tenants.

Additionally, the meeting discussed new regulations that require landlords to offer their properties to existing tenants before selling. This requirement has been viewed as a disincentive for landlords, limiting their flexibility in managing their properties.

On the home sales front, Kent County has seen a significant increase in both home prices and unit sales over the past three years, surpassing neighboring Caroline County. This growth has positioned Kent County as a notable player in the Mid-Atlantic real estate market. Recent open houses have drawn considerable interest, with potential buyers citing the appeal of Kent County's relaxed atmosphere and affordability compared to their current, more congested living situations.

As the rental and housing markets continue to evolve, local officials are focused on strategies to support both landlords and prospective tenants, ensuring a balanced and thriving community.