Chesapeake, VA Real Estate

According to census data in the year 2000 there were 72,672 housing units in Chesapeake. This represents a 30.4% growth from 55,742 in 1990.

Of those housing units, 66,582 were located in either urbanized areas or urban clusters, and 6,090 were located in what is classified as a rural area.

Homeownership rate in Chesapeake is about 74.9%. Chesapeake's vacancy rate, including seasonal lodging, is about 3.8%. Average household size is 2.79 people.

The majority of houses, apartments or condos in Chesapeake were built after 1982.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom5.40%
Two Bedrooms23%
Three Bedrooms42.40%
Four Bedrooms24.80%
Five Bedrooms or more3.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1982
Median Value of occupied units$122,300
Median Price asked for vacant units$98,300

Rented Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1980
Median Monthly Rent asked for vacant units$542

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage13.50%
Home Equity Loan9.40%
Simple Mortgage60.30%
Debt Free16.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21.9%