Why Live in Chesapeake
The Great Dismal Swamp National Wildlife Refuge beckons nature lovers with extensive hiking trails and prime kayaking waters, while the Chesapeake Arboretum showcases themed gardens and walking paths. Northwest River Park provides camping, fishing, and boating opportunities alongside Oak Grove Lake Park's scenic waterfront and playground facilities. The city's dining scene features distinctive local establishments like Ang Sushi Bistro, known for innovative Asian fusion, and Cutlass Grille, serving Jamaican and Southern BBQ specialties. The Butcher's Son Chop House and Amber Lantern Restaurant deliver upscale dining experiences with locally sourced ingredients.
The Chesapeake housing market includes diverse options across several established neighborhoods. The median price for single family homes in Great Bridge is $555,000, while Greenbrier East commands $525,000. Western Branch presents more moderate pricing with a median of $445,000 for single family homes. South Norfolk and Indian River provide more affordable options, with median single family home prices of $300,000 and $320,000 respectively. Condominiums start at a median price of $191,000 for one bedroom units and $255,000 for two bedrooms.
Chesapeake maintains a favorable property tax rate of 0.82%, lower than Norfolk at 1.01% and Portsmouth at 1.07%. The city contains several highly rated schools, including Grassfield High School serving Great Bridge. Private education options include Veritas Collegiate Academy and St. Matthew's Catholic School, both rated A plus by Niche. Commute times to neighboring cities average 15 to 20 minutes to Norfolk and Virginia Beach via I 64, I 464, and I 664, with Hampton Roads Transit providing public transportation connections throughout the region.
Home Trends in Chesapeake, VA
On average, homes in Chesapeake, VA sell after 32 days on the market compared to the national average of 50 days. The median sale price for homes in Chesapeake, VA over the last 12 months is $402,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$402,000
Median Single Family Sale Price
$448,000
Median Townhouse Sale Price
$315,000
Median 2 Bedroom Sale Price
$254,950
Median 1 Bedroom Sale Price
$186,900
Average Price Per Sq Ft
$217
Number of Homes for Sale
642
Last 12 months Home Sales
3,405
Median List Price
$419,361
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%