Ranch, Detached,Detached Residential - Chesapeake, Va
Chesapeake Community Info & Background for Chesapeake Real Estate
Ideally located at the center of the Eastern Seaboard and in the heart of Hampton Roads, VA, Chesapeake is home to more than 220,000 residents and is located less than 10 miles away from neighboring Norfolk and Portsmouth. With its forests and farmlands, dynamic business environment and upwardly mobile population, Chesapeake has been recognized as "The Most Livable Large City in the South" by Money magazine.
Chesapeake is one of Virginia's top manufacturing cities and the city's pro-business government has worked hard to optimize the business environment with foreign trade zones, enterprise zones and a favorable tax structure.(more)
The retail hub of the Hampton Roads area, Chesapeake also holds the distinction of being ranked one of America's top five cities for starting and growing a small business. For those who are more interested in starting and raising a family, the city is consistently recognized by the FBI as one of the safest U.S. cities of its size. Chesapeake also has a favorable student-teacher ratio and a unique policy of "guaranteeing" its public high school graduates to employers.
A family-friendly community, Chesapeake boasts many parks and campgrounds, as well as facilities for horseback riding, boating, fishing and hiking; the city's proximity to beautiful Virginia Beach, the Intracoastal Waterway and historic areas such as Jamestown and Colonial Williamsburg makes it a popular vacation destination. Chesapeake's historical heritage dates back nearly four centuries to 1607 when English ships first sailed through the harbor from hence the city draws its name. The entire Hampton Roads area was a major strategic focus during the Civil War and today is home to the world's largest naval base.
Chesapeake Real Estate Market - Price Range of Chesapeake Homes
Homebuyers can find both traditional and contemporary Chesapeake, Virginia, real estate of all shapes and sizes. Condominiums and townhomes in Chesapeake can be found for less than $70,000 to upwards of $440,000 for larger properties with patios, fireplaces, and garages or other parking facilities. Contemporary Chesapeake houses range in price from less than $100,000 to more than $2.5 million for spacious homes with such features as large lots, pools, garages, decks, room for horses, or views of a golf course. Large estate properties on wooded lots with acreage can run as high as $1 million and more, many with waterfront locations and views. Land and lots in Chesapeake are also available in the area for custom building.
Chesapeake Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $252,347 compared to $252,347 the previous week, to remain steady with no change in listing price. For Sunday, April 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.