What is the rental vacancy rate in Chesapeake, VA?

The rental vacancy rate in Chesapeake, VA is 3.8% (±1.6 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.5% (±0.3 points).

3,190 (±594) homes, 3.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Chesapeake, the rental vacancy rate went from 6.5% in 2015–2019 to 3.8% in 2020–2024 (−2.7 percentage points), a measurable decrease.

Figures last updated on .

Rental vacancy rate
3.8% (±1.6 points)
Homeowner vacancy rate
0.5% (±0.3 points)
Vacant homes
3,190 (±594)

Vacancy in Chesapeake against Chesapeake city, its state and the nation

Estimate (90% margin of error)
ChesapeakeChesapeake cityVirginiaUnited States
Rental vacancy rate3.8% (±1.6 points)3.8% (±1.6 points)4.8% (±0.2 points)5.5%
Homeowner vacancy rate0.5% (±0.3 points)0.5% (±0.3 points)0.8% (±0.1 points)0.9%
Vacant housing units3,190 (±594)3,190 (±594)319,024 (±7,226)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Chesapeake, the rental vacancy rate is not measurably different from Chesapeake city (3.8%).

It is not measurably different from Virginia (4.8%).

It is lower than the national figure (5.5%).

Rental vacancy rate in places near Chesapeake

Nearest places with a published estimate, compared with Chesapeake
PlaceDistanceRental vacancy rateCompared with this place
Chesapeake—3.8% (±1.6 points)—
Portsmouth13 mi3.5% (±1.5 points)Not measurably different
Moyock14 mi0.0% (±33.8 points)Not measurably different
Virginia Beach17 mi5.2% (±0.9 points)Not measurably different
Norfolk17 mi4.4% (±0.9 points)Not measurably different
Suffolk18 mi3.4% (±1.4 points)Not measurably different
Carrollton22 mi5.3% (±7.8 points)Not measurably different
Benns Church24 mi0.0% (±52.0 points)Not measurably different
Hampton25 mi6.3% (±1.7 points)Higher

Nearby places with a measurably higher figure: Hampton, VA (6.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Chesapeake

Is it hard to find a rental in Chesapeake?

The rental vacancy rate in Chesapeake, VA is 3.8% (±1.6 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Chesapeake tighter than it was?

In Chesapeake, the rental vacancy rate went from 6.5% in 2015–2019 to 3.8% in 2020–2024 (−2.7 percentage points), a measurable decrease.

How many homes are vacant in Chesapeake?

An estimated 3,190 (±594) housing units, 3.3% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Chesapeake city, Virginia (place:16000, in state:51).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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