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Chesapeake city, VA

ZIP 23322 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23322

Median Home Value
$448,000
Median Rent
$1,589
Affordability Snapshot
$123,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,878/mo PITI).

14%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

23.5 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 23322 in Chesapeake city, VA, a household would need roughly $123,000 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 $2,878. That is roughly in line with the local median household income ($133,522). 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
89.3%+36% vs US avg
x
Vacancy Rate
2.8%-73% vs US avg
x
Broadband Access
95.8%+10% vs US avg
x
4+ Bedrooms
13.8%-7% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
25.3%-49% vs US avg
x
Mortgage-Free
25.2%-34% vs US avg
x
$448,000
Home Value
$1,589
Rent
1992
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached86.5%
  • 1-unit attached8.7%
  • 2-9 units2.5%
  • 10+ units2.2%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$448,000
Median rent$1,589
Owner-occupied89.3%
Vacant2.8%
Price-to-income3.4x
Est. income to buy$123,000