Home prices
Chesapeake's median home value is $87,800. Compared to its nearby areas it is roughly $25,540 (22%) lower.It is about $129,700 (59%) lower in comparison to the rest of the country, and compared to the city of Charleston is about $58,000 (39%) lower.
Rents
Chesapeake's median rent is $772 per month. It is about $42 (5%) higher in comparison to its surrounding areas.In comparison to the rest of the nation it is roughly $290 (27%) lower, and in comparison to the city of Charleston is approximately $37 (5%) higher.
Nearby places
Huntington
Huntington is Chesapeake's neighbor to the southeast. The housing prices there are a bit more expensive. The median home price in Huntington is $98,200, which works out to $10,400 (10%) higher than Chesapeake. The rent there is a bit less expensive. The median monthly rent in Huntington is $712, which comes out to $60 (8%) lower than Chesapeake.
Proctorville
Proctorville is approximately 3 miles east from Chesapeake. The real estate prices there are a bit less expensive. The median home in Proctorville is valued at $81,900, which works out to $5,900 (7%) lower than Chesapeake. Its rents are somewhat less expensive. Proctorville's median rent is $701 a month, which comes out to $71 (10%) lower than Chesapeake.
Burlington
Burlington is approximately 3 miles west of Chesapeake. Its real estate prices are a lot more expensive. The value of the median home in Burlington is $157,600, which comes out to $69,800 (44%) higher than Chesapeake. Rents there are somewhat less expensive. In Burlington the median rent is $685 per month, which comes out to $87 (12%) lower than Chesapeake.
Ceredo
Ceredo is about 5 miles southwest from Chesapeake. The real estate prices there are a bit more expensive. The value of the median home in Ceredo is $109,400, which works out to $21,600 (19%) higher than Chesapeake. The rent there is a little more expensive. Ceredo's median rent is $868 per month, which is $96 (11%) higher than Chesapeake.
South Point
South Point is about 6 miles west of Chesapeake. Its real estate prices are a little more expensive. The median home value in South Point is $119,600, which comes out to $31,800 (26%) higher than Chesapeake. The rent there is somewhat less expensive. In South Point the median monthly rent is $686, which is $86 (12%) lower than Chesapeake.
