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Chesapeake city, VA

ZIP 23321 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23321

Median Home Value
$352,000
Median Rent
$1,280
Affordability Snapshot
$97,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,261/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23321 in Chesapeake city, VA, a household would need roughly $97,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,261. That is roughly in line with the local median household income ($98,257). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
77.3%+18% vs US avg
x
Vacancy Rate
4.2%-60% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
10.3%-30% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
2.1%-70% vs US avg
x
Rent Burden >30%
27.1%-46% vs US avg
x
Mortgage-Free
24.1%-37% vs US avg
x
$352,000
Home Value
$1,280
Rent
1988
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.8%
  • 1-unit attached12.8%
  • 2-9 units7.1%
  • 10+ units8.7%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$352,000
Median rent$1,280
Owner-occupied77.3%
Vacant4.2%
Price-to-income3.6x
Est. income to buy$97,000