Home Price Key
Affordable
Average
Expensive
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 $68,300, lower than the West Virginia average of $138,399.
The average cost of rent is $823/mo in Chesapeake, primarily driven by the current value of real estate in the Chesapeake area. While nearly 58.62% of residents own their homes outright in Chesapeake, 25.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chesapeake is $3,774 per month. Households that rent pay about 21.81% of their income on rent here. Chesapeake's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Belle, WV: higher priced homes
- Winifrede, WV: equally priced homes
- Marmet, WV: higher priced homes
- Lower Belle, WV: higher priced homes
- Cabin Creek, WV: equally priced homes
- Hernshaw, WV: equally priced homes
- Coalburg, WV: less expensive homes
- East Bank, WV: higher priced homes
- Drybranch, WV: less expensive homes
- Rand, WV: equally priced homes
Cities with Similar Populations
- Wooton, KY: equally priced homes
- Bailey, MI: higher priced homes
- Almond, WI: higher priced homes
- Phelps, WI: higher priced homes
- Perry, MO: higher priced homes
- Perkinsville, VT: higher priced homes
- Pepin, WI: higher priced homes
- Patton Village, TX: higher priced homes
- Parsonsfield, ME: higher priced homes
- Ordway, CO: higher priced homes
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