Chesapeake, VA has a population of 235,410, while the median age is 37. The household income in Chesapeake, VA is around $72,214. The homeownership rate among the residents is 71%. The median residential property value in Chesapeake, VA that you should keep in mind is $260,900.
Population | 235,410 |
Median Age | 36.6 |
Poverty Rate | 10% |
Household Income | $72,214 |
Number Of Employees | 108,589 |
Median Property Value | $260,900 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,746 | -47.6% |
1-bed apartments | $1,495 | -38.4% |
2-bed apartments | $1,713 | -36.8% |
3-bed apartments | $2,404 | -31.1% |
4+ bed apartments | $4,350 | -10.4% |
Over the May 2023, the average rent for an apartment in/near Chesapeake, VA decreased by 27.1% to $2,357.
Compared to the last month, the average price for a rental studio in Chesapeake, VA has decreased by 47.6%. You can expect to rent the studio for $1,746 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 38.4% to $1,495. Pricing for 2-bed apartment also decreased by 36.8% and a place of this size will now cost you $1,713. 3-bed apartment rent pricing starts at $2,404, it decreased by 31.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 10.4% and made it down to $4,350.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $3,374 | -16.5% |
Condos for rent | $1,848 | -56.3% |
Apartments for rent | $1,759 | -19.4% |
Rooms for rent | $783 | -17.6% |
Townhouses for rent | $1,375 | N/A |
Duplexes for rent | $1,400 | N/A |
The median rent for an apartment in Chesapeake, VA decreased by 19.4% to $1,759. Statistics show that house rent price decreased by 16.5% this month making it up to $3,374. Condos faced an upward trend these days. The median rent for a condo decreased by 56.3%, it’s now available for $1,848. An average duplex is now available for $1,400, cause median rent for a duplex remains the same this month. An average room will now go for $783, the median rent price for a room decreased by 17.6%. Townhouse rent pricing didn’t change, the price still starts at $1,375.