Median real estate price in the City Center of Chesapeake is $184,649, which is less expensive than 68.5% of Virginia neighborhoods and 50.9% of all U.S. neighborhoods.
The average rental price in Chesapeake City Center is currently $761, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 88.9% of Virginia neighborhoods.
Chesapeake City Center is a suburban neighborhood (based on population density) located in Chesapeake, Virginia.
Real estate in the City Center of Chesapeake, VA is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Chesapeake City Center. The current real estate vacancy rate here is 19.4%. This is higher than the rate of vacancies in 84.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.