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Chesapeake, VA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,066
Monthly Cash Flow
-$348
Principal + Equity
$2,042
Annual Total Gain
$20,326
Cash on Cash
-4.06%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$180
Occupancy Rate
65%
Monthly Revenue
$2,442
Monthly Cash Flow
-$339
Principal + Equity
$2,042
Annual Total Gain
$20,444
Cash on Cash %
-3.94%
Net ROI %
Market Health & Growth
Median Income
$94,189
Population
251,153
LTR Renter %
26.22%
Forecast (1 yr)
1.77%
Appreciation (1 yr)
3.06%
Appreciation (5 yr)
39.48%
Appreciation (10 yr)
63.26%
Job Growth
0.2%
LTR Rentability
Low
STR Demand
60
STR Rentals
180
Top Public Schools
A-Grassfield High School
A-Cedar Road Elementary School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in America
#685out of 6805 markets
Healthiest Places to Live in America
#119out of 230 markets
Suburbs with the Best Public Schools in America
#1834out of 6797 markets
A-
Public School
C
Crime And Safety
B-
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Chesapeake, VA.
In Chesapeake, VA, Short Term Rentals (STRs) are regulated by the city's Zoning Ordinance. Investors should be aware of the following regulations before purchasing a property for STR purposes:
1. Zoning Restrictions: Chesapeake has specific zoning districts where STRs are permitted. Investors should ensure that the property they are considering purchasing is located in a zoning district that allows for short term rentals.
2. Permitting Requirements: STR operators in Chesapeake are required to obtain a Short Term Rental Permit from the city. This permit must be renewed annually and comes with a fee. Investors should factor in the cost of obtaining and renewing this permit when considering the financial viability of their investment.
3. Occupancy Limits: Chesapeake has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them to avoid any potential fines or penalties.
4. Noise and Nuisance Regulations: Chesapeake has regulations in place to address noise and nuisance issues related to STRs. Investors should familiarize themselves with these regulations and take steps to ensure that their property does not cause any disturbances to neighbors.
5. Taxation: Investors should be aware that they may be required to collect and remit transient occupancy taxes on rental income from their STR property. It is important to understand the tax implications of operating a short term rental in Chesapeake.
By being aware of and complying with these regulations, investors can mitigate potential risks and ensure a successful investment in the Chesapeake, VA short term rental market.
Market Trends Over Time
Explore 25 years of market data for Chesapeake, VA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Chesapeake, VA.
The LTR Genie Score of Chesapeake, VA is 59 and STR Genie Score is 59, indicating a moderate level of investment attractiveness for both long-term and short-term rental properties in this market. The LTR Rentability is low, which may be due to factors such as high competition or low demand for long-term rentals. The STR Genie Score is also 59, suggesting that the short-term rental market in Chesapeake may face similar challenges.
The LTR Net ROI of 19.72% and STR Net ROI of 19.84% are relatively high, indicating that investors can expect a good return on investment in both rental strategies. However, the 1-Year Price Appreciation Forecast of 1.77% suggests that property values in Chesapeake may not appreciate significantly in the near future.
Chesapeake, VA is a suburban city located in the Hampton Roads region of Virginia. It offers a mix of urban and rural living, with a strong economy driven by industries such as healthcare, education, and defense. The city is known for its low cost of living, good schools, and family-friendly neighborhoods.
In conclusion, Chesapeake, VA may be a suitable market for real estate investors looking for both long-term and short-term rental opportunities. However, investors should carefully consider factors such as rentability, occupancy rates, and price appreciation forecasts before making investment decisions in this market.
LTR Genie Score 93
$200,000
🛏 4 Beds🛁 3.0000 Baths🏙 1,932 sqft.🏠 SINGLE FAMILY
