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Chesapeake, Virginia

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 51/100, supply score 87, homes go under contract 23.4% faster than the US median, at 107% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $99K, +1.6% YoY (ZIP); renters hold 25.6% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −2.0% YoY. inventory, +14.4% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $499,441 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

9 ZIPs in this city:23320 23321 23322 23323 23324 23325 23326 23327 23328

Market Hotness

51 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−23.4%

homes sell faster here

107%

of national median · above avg

Median Listing Price

$499K

Population

253,091

93,735

Median Days on Market

Active Listings

770

New Listings

348

Housing Market

The median listing price is down 2.0% YoY while the median home got down 2.6% bigger, so value per square foot is up 2.6%.

Pricing

Median Listing Price

$499K-2.0% YoY

Average Listing Price

$522K+0.4% YoY

Price per Sq Ft

$226.919+2.6% YoY

Median Sq Ft

2,200-2.6% YoY

Inventory

Active Listings

770+14.6% YoY

New Listings

3480.0% YoY

Total Listings

770+14.4% YoY

Buyer Competition

Pending Listings

4+300.0% YoY

Pending Ratio

0.01+21.8% YoY

Median Days on Market

40+6.1% YoY

Price Reduced

24.5%+10.6% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 96,816

97Kunits

Occupied93,62696.7%

Vacant3,1903.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 93,626

94Koccupied

Owner69,61574.4%

Renter24,01125.6%

Renter Share

25.6%-2.2% YoY

Total Housing Units

96,816+0.9% YoY

FY2026 Fair Market Rent

CountyChesapeake city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,492

/month

1 BR

$1,512

/month

2 BR

$1,713

/month

3 BR

$2,376

/month

4 BR

$2,797

/month

FMR trends · Chesapeake city

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 25.6% of this ZIP's 93,735 occupied households, on a median household income of $99K.

Population & Age

Total Population

253,091+0.6% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 253,091

253Kresidents

Under 1861,20224.2%

Adults 18–64155,04061.3%

65 & Over36,84914.6%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.93+0.4% YoY

Population Under 18

61,2020.0% YoY

Population 65 & Over

36,849+4.2% YoY

Households & Mobility

Total Households

93,735+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.66-0.5% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.5%

Moved (within US)12.1%

Other0.5%

Veterans

15.6%+6.9% YoY

Income & Poverty

Median Household Income

$99K+1.6% YoY

Per-Capita Income

$45K+2.6% YoY

Mean Household Income

$119K+1.6% YoY

Below Poverty Level

9.4%+8.2% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.5%

Public transit0.6%

Worked from home13.0%

Other10.9%

Worked From Home

13.0%+13.7% YoY

Mean Commute

25.80+0.8% YoY

Units & Tenure

Total Housing Units

96,925+0.8% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 96,925

97Kunits

Occupied93,73596.7%

Vacant3,1903.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 93,735

94Khouseholds

Owner69,70374.4%

Renter24,03225.6%

Avg Household Size — Owner

2.76-0.5% YoY

Avg Household Size — Renter

2.36-1.6% YoY

County Demographics

County population is up 0.6% to 252,583: residents under 18 are down 0.1% and those 65 and over are up 4.1%.

Median Age

37.92024

Population

Chesapeake city Population

254,997+0.4% YoY

Households

Total Households

93,626+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.65-0.7% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 252,583

253Kresidents

Under 1861,02524.2%

Adults 18–64154,76161.3%

65 & Over36,79714.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

61,025-0.1% YoY

Population 65 & Over

36,797+4.1% YoY

Median Age

37.90+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.5%

Moved (within US)12.1%

Other0.4%

Veterans

15.6%+7.6% YoY

County Economy

County median household income is $95K, 9.4% of residents are below the poverty level, 13.1% work from home.

Income

Median Household Income

$95K+1.3% YoY

Per-Capita Income

$45K+2.7% YoY

Mean Household Income

$119K+1.6% YoY

Poverty

Below Poverty Level

9.4%+8.0% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.7%

Public transit0.6%

Worked from home13.1%

Other10.6%

Worked From Home

13.1%+13.9% YoY

Mean Commute

25.80+1.2% YoY

Done with Chesapeake? Put it next to another market.

State

City

Compare with

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City

ZIP codes

Chesapeake, Virginia

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 51/100, supply score 87, homes go under contract 23.4% faster than the US median, at 107% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $99K, +1.6% YoY (ZIP); renters hold 25.6% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −2.0% YoY. inventory, +14.4% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

9 ZIPs in this city:23320 23321 23322 23323 23324 23325 23326 23327 23328

Market Hotness

51 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−23.4%

homes sell faster here

107%

of national median · above avg

Median Listing Price

$499K

Population

253,091

93,735

Median Days on Market

Active Listings

770

New Listings

348

Housing Market

The median listing price is down 2.0% YoY while the median home got down 2.6% bigger, so value per square foot is up 2.6%.

Pricing

Median Listing Price

$499K-2.0% YoY

Average Listing Price

$522K+0.4% YoY

Price per Sq Ft

$226.919+2.6% YoY

Median Sq Ft

2,200-2.6% YoY

Inventory

Active Listings

770+14.6% YoY

New Listings

3480.0% YoY

Total Listings

770+14.4% YoY

Buyer Competition

Pending Listings

4+300.0% YoY

Pending Ratio

0.01+21.8% YoY

Median Days on Market

40+6.1% YoY

Price Reduced

24.5%+10.6% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 96,816

97Kunits

Occupied93,62696.7%

Vacant3,1903.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 93,626

94Koccupied

Owner69,61574.4%

Renter24,01125.6%

Renter Share

25.6%-2.2% YoY

Total Housing Units

96,816+0.9% YoY

FY2026 Fair Market Rent

CountyChesapeake city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,492

/month

1 BR

$1,512

/month

2 BR

$1,713

/month

3 BR

$2,376

/month

4 BR

$2,797

/month

FMR trends · Chesapeake city

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 25.6% of this ZIP's 93,735 occupied households, on a median household income of $99K.

Population & Age

Total Population

253,091+0.6% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 253,091

253Kresidents

Under 1861,20224.2%

Adults 18–64155,04061.3%

65 & Over36,84914.6%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.93+0.4% YoY

Population Under 18

61,2020.0% YoY

Population 65 & Over

36,849+4.2% YoY

Households & Mobility

Total Households

93,735+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.66-0.5% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.5%

Moved (within US)12.1%

Other0.5%

Veterans

15.6%+6.9% YoY

Income & Poverty

Median Household Income

$99K+1.6% YoY

Per-Capita Income

$45K+2.6% YoY

Mean Household Income

$119K+1.6% YoY

Below Poverty Level

9.4%+8.2% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.5%

Public transit0.6%

Worked from home13.0%

Other10.9%

Worked From Home

13.0%+13.7% YoY

Mean Commute

25.80+0.8% YoY

Units & Tenure

Total Housing Units

96,925+0.8% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 96,925

97Kunits

Occupied93,73596.7%

Vacant3,1903.3%

2024 Tenure ⓘ

U.S. Census ACS · n = 93,735

94Khouseholds

Owner69,70374.4%

Renter24,03225.6%

Avg Household Size — Owner

2.76-0.5% YoY

Avg Household Size — Renter

2.36-1.6% YoY

County Demographics

County population is up 0.6% to 252,583: residents under 18 are down 0.1% and those 65 and over are up 4.1%.

Median Age

37.92024

Population

Chesapeake city Population

254,997+0.4% YoY

Households

Total Households

93,626+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.65-0.7% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 252,583

253Kresidents

Under 1861,02524.2%

Adults 18–64154,76161.3%

65 & Over36,79714.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

61,025-0.1% YoY

Population 65 & Over

36,797+4.1% YoY

Median Age

37.90+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.5%

Moved (within US)12.1%

Other0.4%

Veterans

15.6%+7.6% YoY

County Economy

County median household income is $95K, 9.4% of residents are below the poverty level, 13.1% work from home.

Income

Median Household Income

$95K+1.3% YoY

Per-Capita Income

$45K+2.7% YoY

Mean Household Income

$119K+1.6% YoY

Poverty

Below Poverty Level

9.4%+8.0% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.7%

Public transit0.6%

Worked from home13.1%

Other10.6%

Worked From Home

13.1%+13.9% YoY

Mean Commute

25.80+1.2% YoY

Done with Chesapeake? Put it next to another market.