Chesapeake, VA Real Estate
According to census data in the year 2000 there were 72,672 housing units in Chesapeake.
This represents a 30.4% growth from 55,742 in 1990.
Of those housing units, 66,582 were located in either urbanized areas or urban clusters, and 6,090 were located in what is classified as a rural area.
Homeownership rate in Chesapeake is about 74.9%.
Chesapeake's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 2.79 people.
The majority of houses, apartments or condos in Chesapeake were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 5.40% |
| Two Bedrooms | 23% |
| Three Bedrooms | 42.40% |
| Four Bedrooms | 24.80% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $122,300 |
| Median Price asked for vacant units | $98,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $542 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 13.50% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 60.30% |
| Debt Free | 16.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.9% |
