How much is a home worth in ZIP code 23322?

The typical home in 23322 is worth $551,150, based on the Zillow Home Value Index.

Are home values rising in 23322?

Home values in 23322 are up 2.9% over the past year, and up 5.6% a year over five years.

What is the typical rent in 23322?

A typical home in 23322 rents for about $2,385 a month, a gross rental yield of 5.2%.

What is the property tax rate in 23322?

The effective property tax rate in 23322 is 0.8% — roughly $4,507 a year on a typical home.

ZIP code 23322 has a population of 66,956 and a median household income of $134,880.

HousingHandbookReference data

…

U.S. ZIP Code · VA23322

Chesapeake city · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$551,150^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +5.6%
10-year / yr: +5.0%

Relative price

vs U.S.: +94.0%
vs metro: +56.4%
vs state: +67.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23322 is worth $551,150 — 56.4% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have risen 2.9%. Homes here rent for a typical $2,385 a month — a 5.2% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,385^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,507^[3]

#Climate risk

FEMA National Risk Index ratings for Chesapeake city. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Moderate
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 66,956^[3]
Median household income: $134,880^[3]

#Migration

Household moves in and out of Chesapeake city over a year, from IRS tax-return data.

Net migration: -143^[5]
Moved in: 9,905
Moved out: 10,048

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 7
Middle: 2
High: 2

Hickory High
High · Grades 9–12 · Chesapeake City Public Schools
1,606 students
Great Bridge High
High · Grades 9–12 · Chesapeake City Public Schools
1,530 students
Hickory Middle
Middle · Grades 6–8 · Chesapeake City Public Schools
1,298 students
Great Bridge Middle
Middle · Grades 6–8 · Chesapeake City Public Schools
1,294 students
Cedar Road Elementary
Elementary · Grades PK–5 · Chesapeake City Public Schools
940 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$28,617

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,787

Loan principal$440,920

Down payment$110,230

Total interest paid$562,369

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.52

Monthly cost to own$3,623

Monthly rent$2,385

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 55th percentile^[1]
Rental yield: 10th percentile^[2]
Property tax: 57th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for most populous in VAView list →

Frequently asked

How much is a home worth in ZIP code 23322?: The typical home in 23322 is worth $551,150, based on the Zillow Home Value Index.
Are home values rising in 23322?: Home values in 23322 are up 2.9% over the past year, and up 5.6% a year over five years.
What is the typical rent in 23322?: A typical home in 23322 rents for about $2,385 a month, a gross rental yield of 5.2%.
What is the property tax rate in 23322?: The effective property tax rate in 23322 is 0.8% — roughly $4,507 a year on a typical home.
Who lives in 23322?: ZIP code 23322 has a population of 66,956 and a median household income of $134,880.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

23456 vs 23322 →
Virginia Beach, VA
Typical home
$555,591
Gross yield
5.9%
23433 vs 23322 →
Suffolk, VA
Typical home
$558,937
Gross yield
—
23693
VA
Typical home
$532,587
Gross yield
4.5%
23436
Suffolk, VA
Typical home
$514,506
Gross yield
—
27941
NC
Typical home
$512,179
Gross yield
—
27958
Moyock CDP, NC
Typical home
$499,092
Gross yield
6.9%

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Pit ZIP 23322 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · VA23322

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