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Chesapeake city, VA

ZIP 23324 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23324

Median Home Value
$242,000
Median Rent
$903
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,555/mo PITI).

19%
Rent-to-Income Ratio

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

4.2x
Home Price-to-Income Ratio

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

22.3 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 23324 in Chesapeake city, VA, a household would need roughly $67,000 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 $1,555. That is about 16% above the local median household income ($57,774), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
54.3%-17% vs US avg
x
Vacancy Rate
9.8%-5% vs US avg
x
Broadband Access
78.8%-9% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
8.0%-37% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
32.2%-35% vs US avg
x
Mortgage-Free
31.2%-18% vs US avg
x
$242,000
Home Value
$903
Rent
1973
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 detached59.1%
  • 1-unit attached5.5%
  • 2-9 units16.3%
  • 10+ units15.6%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$242,000
Median rent$903
Owner-occupied54.3%
Vacant9.8%
Price-to-income4.2x
Est. income to buy$67,000