Home prices
The price of the median home in Chesapeake is $273,700. It is approximately $33,660 (14%) higher compared to other places in this area.It is about $56,200 (25%) higher compared to the rest of the country, and compared to the city of Virginia Beach is approximately $7,100 (2%) lower.
Rents
In Chesapeake the median rent is $1,279 a month. Compared to the surrounding areas it is about $40 (3%) higher.It is approximately $217 (20%) higher in comparison to the entire nation, and in comparison to the city of Virginia Beach is about $88 (6%) lower.
Nearby places
Portsmouth
Portsmouth is Chesapeake's neighbor to the north. Its real estate prices are substantially less expensive. The median home in Portsmouth costs $170,900, which is $102,800 (60%) lower than Chesapeake. The rent there is a little less expensive. The median rent in Portsmouth is $1,048 per month, which works out to $231 (22%) lower than Chesapeake.
Moyock
Moyock is Chesapeake's neighbor to the southeast. Real estate prices there are similar. The median home in Moyock is valued at $278,000, which comes out to $4,300 (1%) higher than Chesapeake. The rent there is a bit more expensive. In Moyock the median rent is $1,583 a month, which is $304 (19%) higher than Chesapeake.
Norfolk
Norfolk is Chesapeake's neighbor to the north. Housing prices there are substantially less expensive. The median home cost in Norfolk is $206,700, which is $67,000 (32%) lower than Chesapeake. Rent there is somewhat less expensive. In Norfolk the median rent is $1,059 a month, which comes out to $220 (20%) lower than Chesapeake.
Suffolk
Suffolk is Chesapeake's neighbor to the west. Its real estate prices are a little less expensive. The value of the median home in Suffolk is $254,400, which is $19,300 (7%) lower than Chesapeake. Rent there is a little less expensive. Suffolk's median rent is $1,201 a month, which works out to $78 (6%) lower than Chesapeake.
Carrollton
Carrollton is approximately 21 miles northwest of Chesapeake. Real estate prices there are a little more expensive. The median home in Carrollton is valued at $290,200, which comes out to $16,500 (5%) higher than Chesapeake. The rent there is fairly similar. Carrollton's median rent is $1,306 per month, which is $27 (2%) higher than Chesapeake.
