The story of this market
The typical home in Chesapeake, Virginia sells for about $423,629, or $219 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 33 days to sell.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Chesapeake, Virginia
Chesapeake's housing market remains a seller's market, characterized by low inventory and steady price appreciation. The city's strong economic base and high owner-occupancy rates continue to drive demand, though potential buyers must navigate a competitive environment with limited supply.
No ARED county foreclosure postings attributed to Chesapeake yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 37 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 25.88% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
- Apex Entertainment Virginia Beach4.59.8 mi
- Dave & Buster's4.112.5 mi
- Hunt Club Farm4.614.7 mi
- Sky Zone Trampoline Park4.23.5 mi
- Hampton Virginia Aquaplex4.119.5 mi
- Virginia Aquarium & Marine Science Center4.417.2 mi
- Hampton Coliseum4.419.1 mi
- Virginia Beach Convention Center4.517.5 mi
- Veterans United Home Loans Amphitheater at Virginia Beach4.410.2 mi
- Topgolf Virginia Beach4.48.1 mi
- Virginia Zoo4.57.5 mi
- Norfolk Botanical Garden4.810.4 mi
- Mount Trashmore Park4.79.9 mi
- Apex Entertainment Virginia Beach4.59.8 mi
- AMC Lynnhaven 18412.3 mi
- Virginia Aquarium & Marine Science Center4.417.2 mi
- Chrysler Museum of Art4.86.1 mi
- Virginia Living Museum4.723.4 mi
- Nauticus4.75.5 mi
- Cape Henry Lighthouse4.418.9 mi
- Norfolk Botanical Garden4.810.4 mi
- Mount Trashmore Park4.79.9 mi
- Oak Grove Park4.71.8 mi
- Chesapeake City Park4.73.5 mi
- Ocean View Beach Park4.513 mi
- Top Rack Marina4.62 mi
- Topgolf Virginia Beach4.48.1 mi
- Virginia Beach National Golf Club4.511.8 mi
- Sleepy Hole Golf Course4.613.8 mi
- Riverfront Golf Club4.411.6 mi
- Greenbrier Country Club4.54 mi
- Lynnhaven Mall4.412.4 mi
- Norfolk Premium Outlets4.49.2 mi
- Greenbrier Mall4.13.4 mi
- Navy Exchange Main4.512.2 mi
- Grand Mart4.49 mi
- Norfolk International Airport4.39.9 mi
- Naval Air Station Oceana4.314.9 mi
- Newport News/Williamsburg International Airport4.427.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A premier private club offering golf and social amenities that serve as a focal point for the upscale Greenbrier residential community.
A major regional retail hub that provides extensive shopping and dining options, serving as a primary commercial anchor for the city.
A high-rise bridge connecting Chesapeake to Portsmouth, significantly improving regional transit and accessibility for commuters.
A preserved area showcasing the city's architectural heritage and history, contributing to the local character and community identity.
Chesapeake is an ideal fit for family buyers seeking suburban stability, military personnel stationed in the region, and professionals who value a balance between urban access and suburban space.
Chesapeake Public Schools is generally regarded as a high-performing district within the Hampton Roads region, consistently meeting state accreditation standards and offering specialized academic programs.
The city is served by major highway corridors including I-64 and I-464, facilitating regional connectivity, though residents remain heavily reliant on personal vehicles for daily commuting.
Chesapeake offers an extensive amenity base including the Great Dismal Swamp National Wildlife Refuge, numerous city parks, and the Greenbrier area's shopping and dining districts, providing a mix of outdoor recreation and suburban convenience.
The rental market in Chesapeake is characterized by moderate vacancy pressure and steady demand, supported by a significant population of military personnel and professionals working in the broader Hampton Roads area.
Chesapeake's economy is anchored by the military, logistics, and healthcare sectors, with strong momentum driven by its strategic location in the Hampton Roads port region.
The city benefits from a diverse economic base anchored by military installations, logistics, and healthcare, with ongoing development in the Greenbrier area driving commercial and residential expansion.
Ongoing development is concentrated in the Greenbrier and Battlefield Boulevard corridors, focusing on mixed-use projects and infrastructure upgrades to support population growth.
Parcels in Chesapeake may be subject to various special service districts, including those for stormwater management and specific infrastructure maintenance in newer residential developments.
Chesapeake faces significant flood risks due to its low-lying coastal geography and extensive network of waterways, necessitating careful consideration of flood insurance and elevation requirements for property owners.
Property insurance premiums in Chesapeake are influenced by the city's coastal location and associated flood risks, requiring proactive risk management for homeowners.
Chesapeake operates under a city-wide real estate tax rate determined annually by the City Council, with assessments conducted by the city's assessor's office; special service districts may apply in specific commercial or residential developments.
Data retrieved from US Census Bureau QuickFacts and PriceDNA.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.