The Most Affordable Neighborhoods in Chesapeake City, VA by Home Value

 

Chesapeake City, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chesapeake City area can be challenging. Home prices in Chesapeake City are now at a median cost of $377,133, lower than the Virginia average of $443,089.

The average cost of rent is $1,815/mo in Chesapeake City, primarily driven by the current value of real estate in the Chesapeake City area. In Chesapeake City, 25.65% of households rent, and 27.69% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chesapeake City is $8,788 per month. Households that rent pay about 20.66% of their income on rent here. Chesapeake City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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