The story of this market
The typical home in Chesapeake (city), Virginia sells for about $430,000, or $217 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 35 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.
Chesapeake (city), Virginia
Chesapeake's housing market remains resilient with steady demand and moderate inventory levels. While price growth has stabilized, the market continues to favor sellers due to limited supply and consistent interest from buyers.
2 distress filing(s) on the ARED verified county foreclosure ledger. 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 3.2% · poverty 6.5% — 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 5.5%/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 public safety efforts focused on community policing and regional cooperation within the Hampton Roads area.
The city is served by Chesapeake Public Schools, which maintains a solid reputation for academic performance and diverse extracurricular programming across its various campuses.
The area faces moderate risks from coastal flooding and hurricane-related wind events, necessitating standard flood insurance coverage for many properties in low-lying zones.
Chesapeake benefits from a diverse economy anchored by logistics, defense, and manufacturing, with ongoing infrastructure investments supporting residential and commercial expansion.
Chesapeake levies a real estate tax rate set annually by the City Council, with assessments conducted by the city's real estate assessor's office to ensure market-value alignment.
The city offers extensive outdoor amenities, including the Great Dismal Swamp National Wildlife Refuge, numerous city parks, and access to waterways for boating and fishing.
The rental market is characterized by steady demand and a selective inventory, with a mix of single-family homes and apartment complexes serving a diverse tenant base.
The economy is driven by a mix of military-related industries, logistics, and a growing retail and service sector that benefits from the city's strategic location.
Chesapeake is served by major highway corridors including I-64 and I-464, facilitating regional connectivity within the Hampton Roads metropolitan area.
The city's real estate assessor's office conducts annual assessments to determine property values for taxation purposes based on market data.
The city operates its own school district and manages utility services, with some areas served by regional water and sewer authorities.
Property insurance premiums are influenced by the city's coastal location and exposure to storm-related hazards, requiring careful risk assessment for homeowners.
- 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 massive protected area offering hiking, bird watching, and unique ecological experiences.
A central hub for community events, featuring playgrounds, sports fields, and picnic areas.
Data retrieved from census.gov based on most recent available ACS estimates.