Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Chesapeake city
251,153 residents836 permits TTM$94,189 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$359,100
ACS 5-Year
Cap rate proxy
5.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.4%
HUD FMR ÷ ACS HHI
Net migration
+2.96%
IRS SOI
Permits (TTM)
836
Census BPS
Climate risk
80.9
FEMA NRI (0–100)
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 23325 | $359,100 | $1,750 | 5.8% | 0.9 | 14.9% |
| 23320 | $359,100 | $2,150 | 7.2% | 0.9 | 41.2% |
| 23324 | $359,100 | $1,460 | 4.9% | 0.9 | -4.1% |
| 23323 | $359,100 | $2,000 | 6.7% | 0.9 | 31.3% |
| 23322 | $359,100 | $2,290 | 7.7% | 0.7 | 50.4% |
| 23321 | $359,100 | $1,730 | 5.8% | 0.7 | 13.6% |
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Demographics
Owner-occupied
73.8%
Census ACS
Vacancy rate
3.8%
Census ACS
Bachelor's degree +
36.4%
Census ACS
Rent burdened
53.1%
Census ACS (>30% income)
Median age
37.7
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026