Foreclosures in Chesapeake, VA 23320

Current Market Conditions in Chesapeake, VA

The real estate market in Chesapeake is currently experiencing moderate growth, driven by increasing demand for residential properties. As more people relocate to the area for its influential schools and lifestyle amenities, property values are showing a positive upward trend.

Investors can find a range of properties from affordable starter homes to more luxurious estates, appealing to various buyer demographics. The growing demand for rental properties is additionally fostering opportunities for investment in multi-family units.

Rent Prices In Chesapeake, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chesapeake, VA, is on a rollercoaster ride. The average rent price in Chesapeake, VA, is $1,885.00. Indeed, when looking to rent in Chesapeake, VA, you can expect to pay as little as $620.00 or as much as $6,600.00, with the average rent median estimated to be $1,800.00. The good news is that finding an affordable and desirable property to rent in Chesapeake, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.