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Advertise here →Chesapeake, VA · Market Data
Chesapeake, Virginia real estate market data.
Real estate market data for Chesapeake, VA (Chesapeake city) — Census median home value $359,100, county listing prices down about 0.9% over the past year.
Chesapeake, VA is in Chesapeake city, Virginia — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 251,153, with a median household income of $94,189. Census data puts Chesapeake's median home value at $359,100 (all owner-occupied homes); Chesapeake city's current median listing price runs $494,975, down about 0.9% over the past year.
At a glance
Chesapeake market snapshot
Population
251,153
Median Household Income
$94,189
Median Home Value (city)
$359,100
Median Listing Price (Chesapeake city)
$494,975
Median Gross Rent
$1,523/mo
Price Trend (YoY)
-0.9%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Chesapeake different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Chesapeake's median home value — across all owner-occupied homes, not just recent sales — at $359,100. Separately, Chesapeake city's current median listing price (via Realtor.com data, 2026-06-01) runs $494,975. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Chesapeake city's FHFA house price index shows a 3.52% annual change in 2025.
Population & Income
Chesapeake has an estimated population of 251,153 and a median household income of $94,189, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Chesapeake's Census-reported median home value works out to about 3.8x the area's median household income, and median gross rent runs roughly 19% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Chesapeake FAQ
What are home values like in Chesapeake, VA?
The Census Bureau's American Community Survey puts Chesapeake's median home value at $359,100. Chesapeake city's current median listing price runs $494,975, down about 0.9% over the past year.
What is the population of Chesapeake, VA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Chesapeake's population at approximately 251,153.
What's the median rent in Chesapeake, VA?
The Census ACS estimates median gross rent in Chesapeake at approximately $1,523 per month.
What is the median household income in Chesapeake, VA?
Census ACS data puts the median household income in Chesapeake at approximately $94,189.
Is the Chesapeake housing market growing?
Chesapeake city's FHFA house price index shows a 3.52% annual change in 2025.
Is Chesapeake, VA affordable relative to income?
Census ACS data puts Chesapeake's median home value at about 3.8 times the median household income, with median gross rent equal to roughly 19% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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