The story of this market
The typical home in Chesapeake (city), Virginia sells for about $490,000, or $205 per square foot.
Prices are down 1.8% from a year ago, which gives buyers more room to negotiate. Homes take about 33 days to sell. Over the long run, values in this county have grown 147% since 2000. Last year 33 of 56 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,667 a month.
HUD sets the fair market rent for a 2-bedroom at $1,667 a month. FEMA's National Risk Index rates overall hazard risk here as Very Low.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+25.2%). Worst: 2009 (-6.1%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,298
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 56 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
15
Very Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $56,184,812.
Mortgage activity
Home lending in this county
77.9%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 14506 | 7164 | 77.9% | 4.1% | $245,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Chesapeake (city), Virginia
The Chesapeake housing market is showing signs of stabilization with a median listing price of $490,000 and a moderate pace of sales. While year-over-year prices have seen a slight decline, the market remains supported by steady demand and a strong local economy. Inventory levels are currently balanced, providing a stable environment for both buyers and sellers.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 1 city · 6 ZIP reports
Median prices moved sideways 0.0% year over year.
Homes spend a median of 40 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 49.92% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 5.1% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 4 researched ZIP reports of 6 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Chesapeake (city), Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 28
researched Sep 29
researched Sep 30
researched Oct 1
researched Sep 30
researched Sep 30
| 23320 | Chesapeake | $425,000 | $233 | — | 42 | 100% | — | — | 211 | $1,716 | researched Sep 28 |
| 23321 | Chesapeake | $485,000 | $211 | — | 44 | — | — | — | 98 | $1,586 | researched Sep 29 |
| 23322 | Chesapeake | $599,945 | $256 | — | 34 | — | — | — | 370 | $1,835 | researched Sep 30 |
| 23323 | Chesapeake | $450,000 | $224 | — | 32 | — | — | — | 124 | $1,682 | researched Oct 1 |
| 23324 | Chesapeake | $286,000 | $185 | +2.1% | 32 | 98.5% | 12% | 2.7 | 48 | $1,158 | researched Sep 30 |
| 23325 | Chesapeake | $335,000 | $242 | — | 27 | — | — | — | 37 | $1,465 | researched Sep 30 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Chesapeake generally reports crime rates lower than the national average, with trends remaining stable in recent years. It is often considered one of the safer large cities in the Hampton Roads region.
Chesapeake Public Schools is a well-regarded district that serves the city, consistently maintaining strong performance ratings across its elementary, middle, and high schools.
The city faces moderate flood risks, particularly in low-lying areas near the Chesapeake and Albemarle Canal and the Elizabeth River. Residents are often required to carry flood insurance depending on their specific FEMA flood zone designation.
Chesapeake benefits from a diverse economy anchored by logistics, manufacturing, and proximity to major military installations. Infrastructure development continues to focus on expanding road capacity to accommodate steady residential growth.
Chesapeake levies a real estate tax rate set annually by the City Council, which is applied to the assessed value of property as determined by the city's assessor. The city does not utilize special MUD or PID districts in the same manner as some other states, relying instead on general fund revenue for infrastructure.
The city offers extensive outdoor amenities, including the Chesapeake Arboretum, Northwest River Park, and numerous water-based activities along the Intracoastal Waterway. Shopping and dining are concentrated in areas like Greenbrier and Battlefield Boulevard.
The rental market remains competitive with a median rent of $2,400, driven by demand from military personnel and professionals working in the broader Hampton Roads area. Vacancy rates are generally low, reflecting the city's desirability.
Chesapeake's economy is driven by a mix of logistics, healthcare, and government/military sectors. It serves as a key hub for the Hampton Roads regional economy.
The city is served by major corridors including I-64 and I-464, providing critical access to Norfolk and Virginia Beach. Infrastructure projects are ongoing to manage traffic flow in high-growth corridors.
The city maintains a robust planning pipeline focused on sustainable residential growth and commercial expansion in the Greenbrier and Great Bridge areas.
The City of Chesapeake Assessor's Office conducts annual assessments of all real property to ensure fair market value taxation.
The city is served by the Chesapeake Public Schools district and various regional utility authorities for water and sewer services.
Property insurance premiums are influenced by the city's coastal proximity and flood risk profiles, with many homeowners requiring specialized flood coverage.
- Apex Entertainment Virginia Beach4.59.8 mi
- Dave & Buster's4.112.5 mi
- Hunt Club Farm4.614.7 mi
- Sky Zone Trampoline Park4.23.5 mi
- Hampton Virginia Aquaplex4.119.5 mi
- Virginia Aquarium & Marine Science Center4.417.2 mi
- Hampton Coliseum4.419.1 mi
- Virginia Beach Convention Center4.517.5 mi
- Veterans United Home Loans Amphitheater at Virginia Beach4.410.2 mi
- Topgolf Virginia Beach4.48.1 mi
- Virginia Aquarium & Marine Science Center4.417.2 mi
- Virginia Zoo4.57.5 mi
- First Landing State Park4.717.5 mi
- Norfolk Botanical Garden4.810.4 mi
- Mount Trashmore Park4.79.9 mi
- Virginia Aquarium & Marine Science Center4.417.2 mi
- Virginia Living Museum4.723.4 mi
- Chrysler Museum of Art4.86.1 mi
- Nauticus4.75.5 mi
- Cape Henry Lighthouse4.418.9 mi
- First Landing State Park4.717.5 mi
- Norfolk Botanical Garden4.810.4 mi
- Mount Trashmore Park4.79.9 mi
- Virginia Beach Oceanfront Boardwalk4.718.3 mi
- Buckroe Beach and Park4.618.8 mi
- VIG Portsmouth3.48.2 mi
- Cavalier Golf & Yacht Club4.717.1 mi
- Hampton Yacht Club4.617.7 mi
- Tidewater Yacht Marina4.75.1 mi
- Salt Ponds Marina Resort4.319.7 mi
- Topgolf Virginia Beach4.48.1 mi
- Sleepy Hole Golf Course4.613.8 mi
- Virginia Beach National Golf Club4.511.8 mi
- Riverfront Golf Club4.411.6 mi
- Sewells Point Golf Course4.310.6 mi
- Lynnhaven Mall4.412.4 mi
- Norfolk Premium Outlets4.49.2 mi
- Greenbrier Mall4.13.4 mi
- Navy Exchange Main4.512.2 mi
- Grand Mart4.49 mi
- Norfolk International Airport4.39.9 mi
- Naval Air Station Oceana4.314.9 mi
- Newport News/Williamsburg International Airport4.427.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A large regional park offering camping, hiking, and equestrian trails along the Northwest River.
Features extensive gardens and walking trails, serving as a green oasis for residents.
A major retail hub serving the city and surrounding communities with diverse dining and shopping options.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.