The housing median value in 23324 Chesapeake, VA is $236,700 which is lower than the US House Median Value of $338,100. However, the 1 year house appreciation in 23324 Chesapeake, VA is 12.33%, which is higher than the US 1 year house appreciation of 8.27%. This indicates that housing prices have been increasing at a higher rate in this area compared to the national average. As such, 23324 Chesapeake may be an attractive location for potential buyers looking for more affordable real estate with great potential for future appreciation.
The median home cost in Chesapeake (zip 23324) is $236,700. Home appreciation the last 10 years has been 59.0%. Home Appreciation in Chesapeake (zip 23324) is up 13.0%.
Average Age of Homes
- The median age of Chesapeake (zip 23324) real estate is 47 years old
The Rental Market in Chesapeake (zip 23324)
- Renters make up 45.6% of the Chesapeake (zip 23324) population
- 1.9% of houses and apartments in Chesapeake (zip 23324), 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.