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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||9.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.9%|