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Chesapeake city, VA

ZIP 23323 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23323

Median Home Value
$360,500
Median Rent
$1,351
Affordability Snapshot
$99,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,316/mo PITI).

15%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

22.2 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 23323 in Chesapeake city, VA, a household would need roughly $99,000 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 $2,316. That is roughly in line with the local median household income ($105,912). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.6%+25% vs US avg
x
Vacancy Rate
1.8%-82% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
12.3%-17% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
2.8%-59% vs US avg
x
Rent Burden >30%
29.5%-41% vs US avg
x
Mortgage-Free
20.6%-46% vs US avg
x
$360,500
Home Value
$1,351
Rent
1991
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached81.8%
  • 1-unit attached7.6%
  • 2-9 units5.6%
  • 10+ units3.1%
  • Mobile home & other1.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$360,500
Median rent$1,351
Owner-occupied81.6%
Vacant1.8%
Price-to-income3.4x
Est. income to buy$99,000