The median value of housing in Chesapeake, WV is $92,100 which is significantly lower than the US median of $338,100. In the past year, the US house appreciation rate was 8.27%, whereas in Chesapeake, WV it was only 4.43%. This suggests that while house prices have been increasing in the US overall, this increase has been slower in Chesapeake. Despite this slower pace of growth, investing in real estate in Chesapeake may still present a good opportunity for potential buyers looking to purchase affordable housing.
The median home cost in Chesapeake is $92,100. Home appreciation the last 10 years has been 30.0%. Home Appreciation in Chesapeake is up 6.7%.
Average Age of Homes
- The median age of Chesapeake real estate is 61 years old
The Rental Market in Chesapeake
- Renters make up 24.9% of the Chesapeake population
- 1.3% 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.