Zip 23323 (Chesapeake, VA) Housing

The housing market in 23323 Chesapeake, VA is performing well compared to the US average. The median value of homes in this area is $380,100, which is higher than the US median of $338,100. Additionally, the one-year appreciation rate for homes in Chesapeake is 12.33%, more than twice the national rate of 8.27%. This suggests that buyers here are likely to see a good return on their investment over time.

The median home cost in Chesapeake (zip 23323) is $380,100. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Chesapeake (zip 23323) is up 13.0%.

Average Age of Homes

- The median age of Chesapeake (zip 23323) real estate is 29 years old

The Rental Market in Chesapeake (zip 23323)

- Renters make up 19.1% of the Chesapeake (zip 23323) population
- 1.6% of houses and apartments in Chesapeake (zip 23323), 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
	14,746.0	139,647,020.0
	32	42
	$380,100	$338,100
	13.0%	16.6%
	43.2%	57.0%
	59.0%	101.1%
	$9.28	$10.98
	$2,559	$2,690
	77.9%	57.4%
	3.5%	11.2%
	18.6%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	1.3%	2.4%
	0.8%	2.8%
	0.1%	3.9%
	0.8%	4.5%
	4.5%	11.3%
	12.1%	13.0%
	37.7%	20.1%
	21.2%	13.6%
	12.8%	8.3%
	4.7%	9.7%
	0.2%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	17.9%	13.6%
	17.9%	13.6%
	15.4%	13.6%
	15.5%	13.2%
	16.3%	14.8%
	15.4%	13.6%
	7.1%	10.0%
	1.9%	4.7%
	1.3%	12.2%

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