Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 251,153 ↑ 0.7% since 2020 |
| Median Household Income | $94,189 26% above national median |
| Median Home Value | $359,100 |
| Unemployment Rate | 4.6% |
| Median Age | 37.7 years |
| Housing Vacancy Rate | 3.8% |
| Total Land Sales (Past 12 Months) | 173 transactions |
| Active Listings | 52 properties |
| Avg Days on Market | 399 days |
Rural Land Sales (1+ Acres) (Aug 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $34,446 |
| Recent Sales | 105 transactions |
| Avg Days on Market | 414 days |
| Avg Parcel Size | 34.00 acres |
| Active Listings | 35 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 35.00 | $110,000 | $3,143 | Chesapeake |
| Jan 2026 | 7.70 | $125,000 | $16,234 | Chesapeake |
| Jan 2026 | 22.68 | $374,100 | $16,491 | Chesapeake |
| Dec 2025 | 26.00 | $4,177,628 | $160,678 | Chesapeake |
| Nov 2025 | 31.21 | $3,000,000 | $96,126 | Chesapeake |
| Nov 2025 | 40.66 | $1,600,000 | $39,351 | Chesapeake |
| Oct 2025 | 35.80 | $275,000 | $7,682 | Chesapeake |
| Sep 2025 | 6.97 | $967,548 | $138,896 | Chesapeake |
| Sep 2025 | 130.14 | $455,000 | $3,496 | Chesapeake |
| Aug 2025 | 1.00 | $15,000 | $15,000 | Chesapeake |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Dec 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $50,520 |
| Recent Sales | 68 transactions |
| Avg Days on Market | 375 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 17 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Dec 2025 | 0.68 | $561,000 | Chesapeake |
| Sep 2025 | 0.57 | $17,000 | Chesapeake |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 251,153 |
| Population (2020) | 249,422 |
| Population Growth | 0.69% |
| Median Household Income | $94,189 |
| Median Home Value | $359,100 |
| Total Housing Units | 95,997 |
| Vacant Housing Units | 3,636 |
| Housing Vacancy Rate | 3.8% |
| Median Age | 37.7 |
| Bachelor's Degree or Higher | 38,094 (15.2%) |
| Unemployment Rate (BLS) | 3.4% |
Market Overview
Chesapeake city, Virginia has a population of 251,153, which has grown 0.69% since 2020. The median household income is $94,189, above the national median of $74,580 by 26.3%. With a median home value of $359,100 and an unemployment rate of 3.4%, the local economy is strong. The housing vacancy rate of 3.8% suggests tight market conditions. Chesapeake city remains a key area for land acquisition in Virginia. Recent rural land sales show a median price of $34,446 per acre, with properties averaging 34.00 acres. There are currently 52 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Chesapeake city, Virginia?
As of the 2023 American Community Survey, Chesapeake city has a population of 251,153. The county has grown 0.69% since the 2020 Census, indicating a growing community.
What is the median household income in Chesapeake city?
The median household income in Chesapeake city is $94,189, which is 26.3% above the national median of $74,580.
Is Chesapeake city growing or shrinking?
Chesapeake city is growing. The population has increased 0.69% since 2020.
What is the housing market like in Chesapeake city?
The median home value in Chesapeake city is $359,100. The housing vacancy rate is 3.8%, which suggests tight market conditions. The unemployment rate is 3.4%, indicating a strong local economy. Recent rural land sales (1+ acres) show a median price of $34,446 per acre. Suburban/urban lots under 1 acre have a median lot price of $50,520.
Does Reelvest buy land in Chesapeake city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Chesapeake city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.