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Chesapeake, VA
Full City Profile · Virginia · Chesapeake city County
3.5
/5.0
B+
Good
251,153
Population
742/sq mi density
$94,189
Median Income
$43,819 per capita
$359,100
Home Value
$413,755 Zillow
$1,523
Median Rent
33.0% income on rent
62°F
Avg Temperature
299 sunny days/yr
456
Violent Crime/100K
2,273 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$94,189 median income, 3.1% unemployment
A+
Affordability
4.5 / 5.0
$359,100 home value, $1,523/mo rent
F
Safety
1.0 / 5.0
456 violent crimes/100K (20% above avg)
B+
Education
3.9 / 5.0
36.4% bachelor's degree or higher
Housing Overview
Median Home Value
$359,100
27% above
US avg: $281,900
Median Rent
$1,523/mo
31% above
US avg: $1,163/mo
Homeownership Rate
73.8%
13% above US avg (65.4%)
Total Housing Units
95,076
Median year built: 1989
Home Value by Source
Census Median
$359,100
Zillow (ZHVI)
$413,755
Median Sale Price
$425,000
Median List Price
$409,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.8%
Owner-Occupied
26.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,492/mo
1 Bedroom
$1,512/mo
2 Bedroom
$1,713/mo
3 Bedroom
$2,376/mo
4 Bedroom
$2,797/mo
Census median rent:
$1,523/mo
· Zillow rent:
$2,002/mo
Market Indicators (Redfin)
Median Days on Market
54 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
255
Price Drops
17.6%
of listings with price reduction
Price Per Sq Ft
$216
Active Inventory
448
homes for sale
Affordability & Housing Stock
Rent Burden
33.0%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
73.8%
Complete Housing Data
Home Values
| Census Median Value | $359,100 |
| Zillow Home Value (ZHVI) | $413,755 |
| Median Sale Price | $425,000 |
| Median List Price | $409,000 |
| Price Per Sq Ft | $216 |
Rent
| Census Median Rent | $1,523 |
| Zillow Rent (ZORI) | $2,002 |
| FMR Studio | $1,492 |
| FMR 1-Bedroom | $1,512 |
| FMR 2-Bedroom | $1,713 |
| FMR 3-Bedroom | $2,376 |
| FMR 4-Bedroom | $2,797 |
Market
| Days on Market | 54 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 17.6% |
| Homes Sold | 255 |
| Active Inventory | 448 |
| Price Per Sq Ft | $216 |
Ownership & Stock
| Owner-Occupied | 73.8% |
| Renter-Occupied | 26.2% |
| Homeownership Rate | 73.8% |
| Total Housing Units | 95,076 |
| Median Year Built | 1989 |
| Rent Burden | 33.0% |