Zip 23321 (Chesapeake, VA) Housing

The housing market in 23321 Chesapeake, VA is looking extremely positive. The median value of a home in the area is $332,900, which is slightly lower than the national average of $338,100. However, that difference is more than made up for by the 1-year appreciation rate of 12.33%, much higher than the national average of 8.27%. This indicates that housing prices are increasing rapidly and investors are confident about investing here. With this kind of activity and appreciation potential, it is a great time to buy or sell a house in 23321 Chesapeake, VA.

The median home cost in Chesapeake (zip 23321) is $332,900. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Chesapeake (zip 23321) is up 13.0%.

Average Age of Homes

- The median age of Chesapeake (zip 23321) real estate is 33 years old

The Rental Market in Chesapeake (zip 23321)

- Renters make up 23.7% of the Chesapeake (zip 23321) population
- 1.0% of houses and apartments in Chesapeake (zip 23321), 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
	14,583.0	139,647,020.0
	36	42
	$332,900	$338,100
	13.0%	16.6%
	43.2%	57.0%
	59.0%	101.1%
	$9.61	$10.98
	$2,673	$2,690
	72.8%	57.4%
	5.3%	11.2%
	21.9%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	0.9%	0.4%
	0.1%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	0.9%	2.4%
	0.1%	2.8%
	0.2%	3.9%
	0.6%	4.5%
	4.6%	11.3%
	13.7%	13.0%
	35.5%	20.1%
	20.0%	13.6%
	16.1%	8.3%
	4.5%	9.7%
	1.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.1%	13.6%
	12.1%	13.6%
	18.6%	13.6%
	17.9%	13.2%
	18.8%	14.8%
	18.6%	13.6%
	4.3%	10.0%
	1.4%	4.7%
	0.2%	12.2%

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