Zip 23320 (Chesapeake, VA) Housing

The housing market in 23320 Chesapeake, VA is booming! The median value of homes in this area is $346,000, which is significantly higher than the US median value of $338,100. Additionally, the one year house appreciation rate in 23320 Chesapeake, VA is 12.33%, nearly four points higher than the US average of 8.27%. Clearly this area has a healthy and vibrant housing market that makes it an attractive destination for buyers and investors alike.

The median home cost in Chesapeake (zip 23320) is $346,000. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Chesapeake (zip 23320) is up 13.0%.

Average Age of Homes

- The median age of Chesapeake (zip 23320) real estate is 25 years old

The Rental Market in Chesapeake (zip 23320)

- Renters make up 34.5% of the Chesapeake (zip 23320) population
- 2.2% of houses and apartments in Chesapeake (zip 23320), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chesapeake, Virginia	United States
	25,583.0	139,647,020.0
	28	42
	$346,000	$338,100
	13.0%	16.6%
	43.2%	57.0%
	59.0%	101.1%
	$9.17	$10.98
	$2,531	$2,690
	59.6%	57.4%
	4.7%	11.2%
	35.7%	31.4%
Vacant Housing
	2.2%	1.9%
	0.1%	0.4%
	0.3%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	1.2%	2.4%
	0.5%	2.8%
	0.0%	3.9%
	0.6%	4.5%
	6.4%	11.3%
	15.4%	13.0%
	30.4%	20.1%
	21.6%	13.6%
	14.7%	8.3%
	5.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	15.6%	13.6%
	15.6%	13.6%
	25.9%	13.6%
	21.6%	13.2%
	10.9%	14.8%
	25.9%	13.6%
	2.6%	10.0%
	0.5%	4.7%
	1.2%	12.2%

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