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Chesapeake city, VA

ZIP 23320 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23320

Median Home Value
$323,800
Median Rent
$1,418
Affordability Snapshot
$89,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,080/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23320 in Chesapeake city, VA, a household would need roughly $89,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,080. That is roughly in line with the local median household income ($81,736). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.5%-1% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
6.6%-55% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
26.6%-47% vs US avg
x
Mortgage-Free
27.9%-27% vs US avg
x
$323,800
Home Value
$1,418
Rent
1993
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached45.4%
  • 1-unit attached25.3%
  • 2-9 units11.6%
  • 10+ units14.9%
  • Mobile home & other2.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$323,800
Median rent$1,418
Owner-occupied64.5%
Vacant3.6%
Price-to-income4.0x
Est. income to buy$89,000