The median home in Chesapeake, Virginia is valued at $410,288, up 2.8% year over year. Typical monthly rent is $2,042, producing a price-to-rent ratio of 16.7x — near the national average of 18x. Chesapeake is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Home Value$410,288
+2.8%
Rent$2,042/mo
AFFORDABILITYRenting $446/mo cheaper ($2,042 rent)6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.
Enter your income for Chesapeake.
$82,058 on $410,288
Out of reach — 39.8% of income
Need $106,629/yr to afford.
PITI$2,488
P/I39.8%
Afford$289K
Gap-$122K
P&I $2,075Tax $280Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Virginia
Compare Chesapeake with other housing markets across Virginia.
Full Virginia Beach-Norfolk-Newport News, VA-NC analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Virginia Beach-Norfolk-Newport News, VA-NC metro.
View Virginia Beach-Norfolk-Newport News, VA-NC metro →