Chesapeake, OH is a great place for those looking to purchase a home. The housing median value in the city is $121,300, which is significantly lower than the US house median value of $338,100. Additionally, the one year house appreciation in Chesapeake, OH is 11.89%, which is higher than the US 1 year house appreciation of 8.27%. Thus, it can be concluded that Chesapeake, OH offers an affordable and rapidly appreciating housing market for potential buyers.
The median home cost in Chesapeake is $121,300. Home appreciation the last 10 years has been 56.3%. Home Appreciation in Chesapeake is up 13.7%.
Average Age of Homes
- The median age of Chesapeake real estate is 56 years old
The Rental Market in Chesapeake
- Renters make up 33.6% of the Chesapeake population
- 0.9% 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.