Welcome to our 23322 real estate data hub, tailored for investors in Chesapeake, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 23322 in Chesapeake, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in CHESAPEAKE CITY.
Leverage our comprehensive, zip code-specific data to excel in Chesapeake, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Chesapeake property market.
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Location Overview
- Zip Code: 23322
- City: Chesapeake
- State: VA
- Metro Area: Virginia Beach-Norfolk-Newport News, VA-NC
- County Name: CHESAPEAKE CITY
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Real Estate Market Snapshot
- Average Home Price (All Types): $479,814
- Average Home Price (Single Family Homes): $487,907
- Average Monthly Rental Price (All Types): $1,986
- Price-to-Rent Ratio: 20
- Zillow Projected % appreciation from 4/2023-4/2024: 0.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,760
- Average 3 Bedroom Section 8 Rental Rates: $2,460
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.72
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.25
- Number of Units Offered in Section 8 in the County: 1182
- Number of Occupied Units in Section 8 in the County: 1166
- Percentage of Section 8 Units Occupied in the County: 98.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 234.05
- Total % Appreciation since 2000 (Government Data): 154.38
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.13%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.12%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 23.09%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.08%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.72%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.05%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 120.21%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.09%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.79%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 26.25%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.04%