Chesapeake, VA 23328 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Chesapeake, VA — 23328
Median Listing Price
--
Population
--
Households
93,626
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
97K
units
Occupied
93,626
96.7%
Vacant
3,190
3.3%
2024 Tenure
94K
occupied
Owner
69,615
74.4%
Renter
24,011
25.6%
Renter Share
25.6%
-2.2% YoY
Total Housing Units
96,816
+0.9% YoY
FY2026 Fair Market Rent — Chesapeake city
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
37.9
2024
Population
Chesapeake city Population
254,997
+0.4% YoY
Households
Total Households
93,626
+1.4% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.65
-0.7% YoY
Age
2024 Age Mix
253K
residents
Under 18
61,025
24.2%
Adults 18–64
154,761
61.3%
65 & Over
36,797
14.6%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
87.5%
Moved (within US)
12.1%
Other
0.4%
Veterans
15.6%
+7.6% YoY
County Economy
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
of workers
Drove alone
75.7%
Public transit
0.6%
Worked from home
13.1%
Other
10.6%
Worked From Home
13.1%
+13.9% YoY
Mean Commute
25.80
+1.2% YoY
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