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These days, finding an affordable place to live in the Chesapeake area can be challenging. Home prices in Chesapeake are now at a median cost of $165,991, lower than the Ohio average of $236,816.
The average cost of rent is $896/mo in Chesapeake, primarily driven by the current value of real estate in the Chesapeake area. In Chesapeake, 22.99% of households rent, and 56.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chesapeake is $5,314 per month. Households that rent pay about 16.86% of their income on rent here. Chesapeake’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Huntington, WV: less expensive homes
- Proctorville, OH: higher priced homes
- South Point, OH: equally priced homes
- Ceredo, WV: equally priced homes
- Sheridan, OH: equally priced homes
- Kenova, WV: less expensive homes
- Athalia, OH: equally priced homes
- Shoals, WV: less expensive homes
- Willow Wood, OH: less expensive homes
- Kitts Hill, OH: less expensive homes
Cities with Similar Populations
- Prosperity, SC: higher priced homes
- Pittsburg, TX: equally priced homes
- Pittstown, NJ: higher priced homes
- Plaistow, NH: higher priced homes
- Plymouth, NH: higher priced homes
- Pocomoke City, MD: higher priced homes
- Polk City, IA: higher priced homes
- Port Matilda, PA: higher priced homes
- Port Richey, FL: higher priced homes
- Poughquag, NY: higher priced homes
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