23325, Chesapeake, VA

Home Equity and Home Prices in Chesapeake, VA

The 23325 zip code of Chesapeake, VA has a median home value of $236,000. This is higher than the national median home value of $181,500. The percentage of homes in this zip code that are valued at more than $250,000 is also high compared to the national percentage of 25%. The percentage of homes in this zip code that are valued at less than $100,000 is also lower than the national percentage of 33%.

There are a number of factors that may contribute to the high home values in this zip code. Some potential reasons include:

-The presence of large corporations and businesses in the area which may be able to afford higher prices for housing

-The relatively low rate of unemployment and strong economy in the area which may lead to increased demand for housing

-The availability of luxury homes and estates which may be more expensive than other types of housing