Surrounding Metropolitan Area
Chesapeake, Virginia is a part of the Chesapeake Submarket submarket area, and contains 9 zip codes, including: 23322, 23325, 23323, 23320, 23321, and 23327.
Chesapeake Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Chesapeake, VA submarket area was $1,137, which is 13.36% higher than 2014 average rent. This represents a compounded annual growth rate of 2.54%. 2019 vacancy in Chesapeake, VA was 3.60%.
The total population of the city of Chesapeake, VA has grown 9.19% since 2010. As of 2018, the population was 242,634. The median household income of the Chesapeake was $75,790, which is 25.70% higher than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Codes
Chesapeake Submarket
$1,137
13.36%
3.60%
$75,790
242,634
9.19%
25.70%
23320 23321 23322 23323 23324 23325 23326 23327 23328
Submarket Area Chesapeake Submarket
Avg Rent $1,137
Rent Growth 13.36%
Vacancy 3.60%
Median Income $75,790
Population (2018) 242,634
Population Growth 9.19%
Vs. Nat’l Avg 25.70%
Zip Codes 23320 23321 23322 23323 23324 23325 23326 23327 23328

