The housing market in Chesapeake, VA is a lucrative one, with the median house value standing at $359,000. This is higher than the national house median value of $338,100 and also records a higher appreciation rate of 12.33% over the course of one year compared to the US' 8.27%. This indicates that Chesapeake's housing market is a very promising investment opportunity. With all these factors taken into consideration, it is clear that Chesapeake is an ideal place to consider investing in property.
The median home cost in Chesapeake is $359,000. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Chesapeake is up 13.0%.
Average Age of Homes
- The median age of Chesapeake real estate is 30 years old
The Rental Market in Chesapeake
- Renters make up 26.6% of the Chesapeake population
- 1.4% of houses and apartments in Chesapeake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.