Chesapeake, OH—45619
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chesapeake, OH
As of Nov '25, the median home price in Chesapeake, OH is $140,000, with a year-over-year change of 7.7%. This indicates that home prices in Chesapeake, OH are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $140,000 | 7.7% |
| Single Family | $140,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | 6.3% |
3 Bed | $168,000 | 8.4% |
4 Bed | $230,000 | 7.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chesapeake, OH
As of July '25, Rentcast reports the average rent in Chesapeake, OH is $1,530, with a year-over-year rent change of 70.0%. Per bedroom, the median rent as of July '25 in Chesapeake, OH is 2-bedrooms: $1,800, 3-bedrooms: $1,400. The most common rental property sizes in Chesapeake, OH are 2-bedroom and 3-bedroom, accounting for 69.0% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,300 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chesapeake, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Chesapeake, OH is 60. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | 2.0% |
Listing Count | 22 | -3.0% |
| Listings as % of Homes | 0.6% | -3.0% |
Days on Market | 60 | 0.0% |
Demographics — Chesapeake, OH
As of the latest ACS Survey released in 2023, Chesapeake, OH has a population of 7,270, which has decreased by -4.1% over the past 5 years. Chesapeake, OH is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,270 | -4.1% |
% Under 18 | 20.4% | -3.3% |
% Seniors | 19.9% | 8.2% |
% WFH | 2.2% | 120.0% |
% w/ College Degree | 26.3% | 66.5% |
As of the latest ACS Survey released in 2023, Chesapeake, OH is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Chesapeake, OH is black, making up 1.6% of the population. Foreign-born residents account for 1.3% of the population in Chesapeake, OH, and this percentage has increased by 160.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.3% | -0.3% |
% Black | 1.6% | -51.5% |
% Hispanic | 0.3% | -50.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.3% | 160.0% |
Mortgage and Risk — Chesapeake, OH
According to HUD data as of 2023, there were 59 mortgage originations in Chesapeake, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Chesapeake, OH. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Chesapeake, OH
Chesapeake, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | -$820 | $1,800 | $980 |
| 3 Bedroom | -$30 | $1,300 | $1,270 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Chesapeake, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $140,000 |
| Median Household Income | $57,500 |