Housing in Chesapeake, VA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$415,000
Median List Price
$440,000
Price Per Sq Ft
$215
Days on Market
47
Active Inventory
467
Months of Supply
2.1
Seller's market
Zillow Home Value
$410,288
ZHVI — January 2026
Zillow Rent Index
$2,042
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
32.6%
Off Market in 2 Weeks
42.4%
Sale-to-List Ratio
99.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
221
New Listings
273
Pending Sales
311
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$215
Median List $/SF
$223
Chesapeake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 250,000 - 500,000 residents. Chesapeake is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$359,100
Median Rent
$1,523
Total Housing Units
95,997
Vacancy Rate
3.8%
Owner Occupied
73.8%
Renter Occupied
26.2%
Median Property Tax
$2,937
per year
Monthly Cost (w/ Mortgage)
$1,787
Housing Types
The current median sale price in Chesapeake, VA is $415,000 according to Redfin data. Homes spend a median of 47 days on the market. 32.6% of homes sold above asking price. The market has 2.1 months of supply. The median price per square foot is $215. Zillow's observed rent index is $2,042/month. About 73.8% of housing units are owner-occupied. The median year homes were built is 1989. There are 95,997 total housing units.