Foreclosure Homes in Chesapeake, WV

Current Market Conditions in Chesapeake, WV

The real estate market in Chesapeake, WV has shown resilience over the past year, with home sales steadily increasing. There is a notable demand for homes in this serene area, making it a hot spot for families looking for affordable living close to nature and community amenities. Prices have risen moderately, reflecting the area's appeal and the limited availability of listings.

Chesapeake has attracted buyers due to its combination of affordability and quality lifestyle offerings. With new families moving in and others seeking investment properties, the market has begun to shift towards more competitive conditions as buyers are often faced with multiple offers on desirable properties.

Rent Prices In Chesapeake, WV

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chesapeake, WV, is on a rollercoaster ride. The average rent price in Chesapeake, WV, is $813.00. Indeed, when looking to rent in Chesapeake, WV, you can expect to pay as little as $530.00 or as much as $1,490.00, with the average rent median estimated to be $790.00. The good news is that finding an affordable and desirable property to rent in Chesapeake, WV -- 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.