As-is Deals in Chesapeake, VA

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5 View this home at Waters Rd Chesapeake VA 23322
$265,048 EMV
Waters Rd
Chesapeake, VA 23322
3 |
EST. RENT: $1,780
AUCTION: 04-21-2024
3 |
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Home Value Estimator For Chesapeake, VA

There are currently 76,071 real estate properties in Chesapeake, VA, with a median automated valuation model (AVM) price of $369,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chesapeake, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chesapeake, VA, is $400,267.00, with the most expensive house in Chesapeake, VA, topping out at $31,935,300.00 and the cheapest home in Chesapeake, VA, clocking in at $12,195.00. In other words, there’s something for every potential homebuyer or savvy investor in Chesapeake, VA!

Rent Prices In Chesapeake, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chesapeake, VA, is on a rollercoaster ride. The average rent price in Chesapeake, VA, is $1,885.00. Indeed, when looking to rent in Chesapeake, VA, you can expect to pay as little as $620.00 or as much as $6,600.00, with the average rent median estimated to be $1,800.00. The good news is that finding an affordable and desirable property to rent in Chesapeake, VA -- 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.

Top Reasons To Live In Chesapeake, VA In 2024

Chesapeake is located in Chesapeake, Virginia, with an estimated municipal population of 244,835 residents. All of the best foreclosed homes for sale in Chesapeake are located in the following zip code areas on 23325 23324 23323 23322 23321 23320 23326 23327 23328. The estimated population per square kilometer (.62 miles) in Chesapeake is 279.

Cost Of Living In Chesapeake, VA

So, about how much do homes cost in Chesapeake? The most recent median value of resident-owned homes in Chesapeake is 273,166. An estimated 71.4 percent of households in Chesapeake own their homes, with an average family size of 3.21. The median household income in Chesapeake is 78,640, with37.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chesapeake, the median commute time of resident workers (in minutes) is 26.7. And last, but certainly not least, are you looking for homes to rent in Chesapeake? If so, the average rent price paid by renters in Chesapeake is 1,279, according to recent statistics.

Diversity And Demographics In Chesapeake, Virginia

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Chesapeake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Chesapeake is 36.9, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Chesapeake is 52.2, with an average family size of 3.21.

The percentage of residents who report their race in Chesapeake is as follows:

White 61.1%
Black / African American 30%
Asian 3.2%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 4%
Other 1.5%

Looking for family-friendly neighborhoods in and/or near Chesapeake? Or maybe you are searching for 55+ active adult communities in and/or near Chesapeake?

The percentage of residents who report their age in Chesapeake is as follows:

Under 10 13.3%
Aged 10-19 13.3%
20s 13.3%
30s 14.5%
40s 12.7%
50s 13.8%
60s 10.6%
70s 5.9%
80+ 2.7%

Best Schools In Chesapeake, Virginia

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Chesapeake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chesapeake.

Pros And Cons Of Living In Chesapeake, Virginia

How do you know that living in -- or moving to -- Chesapeake is right where you need to be? Perhaps you grew up in Chesapeake or already live nearby; therefore, the decision to buy a home in Chesapeake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chesapeake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Chesapeake:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chesapeake.

Reasons To Move To Chesapeake, Virginia, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chesapeake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chesapeake, meanwhile, can field multiple offers from more qualified buyers.

Chesapeake, VA As-is Deals


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