Chesapeake, VA—23320
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$391,000
3.5% YoY Growth
Household Income
$81,700
11.5% YoY Growth
Days on Market
24
16.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$2,040
4.8% YoY Growth
1-Bed Rent
$1,540
19.0% YoY Growth
2-Bed Rent
$1,800
1.1% YoY Growth
3-Bed Rent
$2,350
1.3% YoY Growth
Home Price Trends — Chesapeake, VA
As of May '26, the median home price in Chesapeake, VA is $391,000, with a year-over-year change of 3.5%. This indicates that home prices in Chesapeake, VA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $391,000 | 3.5% |
| Single Family | $417,000 | 3.0% |
| Condos | $305,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |