Housing Report for Chesapeake city, Virginia
The residential home values in Chesapeake city, Virginia have increased sharply from the real estate values reported in 2000. The valuations have increased by $96,100, or 78.6 percent, from their 2000 value of $122,300.
Chesapeake city recorded a median home value in 2005 of $218,400, accounted by the American Community Survey. This home value is greater than the overall State of Virginia 2005 home median value of $212,300 and greater than median home value of $167,500 across the nation during that year.
The State of Virginia, Chesapeake city is positioned 43 of 134 by percent in growth of new residential structures. The county places 512 of 3,141, comparing the percentage change in residential in other US counties.
Chesapeake city is made up of a medium percentage of high-priced residential real estate. In 2005, the American Community Survey reported that 4.9 percent residential property is valued over $500k.
In Chesapeake city, there were a total of 79,291 homes in 2005. The county has experienced a growth in housing units, adding all together 5,346 homes since 2001, or 7.2 percent.
It can be understood that there is a limited amount of real estate that is affordable in Chesapeake city, Virginia. In 2005, 19.2 percent of housing was valued under $125k.
Data Source: U.S. Census Bureau
Chesapeake city recorded a median home value in 2005 of $218,400, accounted by the American Community Survey. This home value is greater than the overall State of Virginia 2005 home median value of $212,300 and greater than median home value of $167,500 across the nation during that year.
The State of Virginia, Chesapeake city is positioned 43 of 134 by percent in growth of new residential structures. The county places 512 of 3,141, comparing the percentage change in residential in other US counties.
Chesapeake city is made up of a medium percentage of high-priced residential real estate. In 2005, the American Community Survey reported that 4.9 percent residential property is valued over $500k.
In Chesapeake city, there were a total of 79,291 homes in 2005. The county has experienced a growth in housing units, adding all together 5,346 homes since 2001, or 7.2 percent.
It can be understood that there is a limited amount of real estate that is affordable in Chesapeake city, Virginia. In 2005, 19.2 percent of housing was valued under $125k.
Data Source: U.S. Census Bureau
