Home prices
The median home in Chesapeake costs $62,500. It is about $20,400 (24%) lower in comparison to its nearby areas.In comparison to the rest of the country it is approximately $155,000 (71%) lower, and it is approximately $83,300 (57%) lower in comparison to the city of Charleston.
Rents
In Chesapeake the median monthly rent is $711. In comparison to other places in this area it is approximately $49 (6%) lower.It is about $351 (33%) lower compared to the rest of the country, and in comparison to the city of Charleston is about $24 (3%) lower.
Nearby places
Belle
Belle is Chesapeake's neighbor to the north. Its real estate prices are a lot more expensive. The value of the median home in Belle is $112,300, which comes out to $49,800 (44%) higher than Chesapeake. Rents there are a little more expensive. The median rent in Belle is $774 a month, which is $63 (8%) higher than Chesapeake.
Marmet
Marmet is roughly 2 miles northwest of Chesapeake. Real estate prices there are significantly more expensive. The median home value in Marmet is $93,900, which works out to $31,400 (33%) higher than Chesapeake. Its rents are a little more expensive. The median rent in Marmet is $784 a month, which comes out to $73 (9%) higher than Chesapeake.
Chelyan
Chelyan is roughly 2 miles southeast from Chesapeake. The housing prices there are somewhat less expensive. The median home in Chelyan costs $49,900, which is $12,600 (25%) lower than Chesapeake. The rent there is somewhat less expensive. The median rent in Chelyan is $648 a month, which is $63 (9%) lower than Chesapeake.
Rand
Rand is approximately 4 miles north from Chesapeake. The real estate prices there are similar. The median home cost in Rand is $63,700, which comes out to $1,200 (1%) higher than Chesapeake. Rents there are a bit more expensive. Rand's median rent is $878 a month, which comes out to $167 (19%) higher than Chesapeake.
East Bank
East Bank is roughly 4 miles east of Chesapeake. Real estate prices there are a lot more expensive. The median home in East Bank costs $94,700, which is $32,200 (34%) higher than Chesapeake. Rents there are similar. In East Bank the median rent is $717 per month, which is very similar to Chesapeake.
