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Housing in Chesapeake City
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Chesapeake City averages $1,586/month for a 2‑bedroom in 2024, compared to the Virginia median of $1,579 and the national median of $1,413. Local renters spend approximately 35% of household income on rent, above the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Chesapeake City FMR Area are $1,613 for a studio, $1,635 for 1‑bedroom, $1,852 for 2‑bedroom, $2,569 for 3‑bedroom, and $3,024 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $266 increase for a 2-bedroom in Chesapeake City shows a 17% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Chesapeake City was 2.9% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.
