RentDataNowRentDataNow
ZIP Code · VA

ZIP 23320

Pop. 59,108·Chesapeake City·98th most expensive ZIP in Virginia
Median rent (all units)
$2,045/mo
Year-over-Year
+9.6%
Month-over-Month
+0.5%
vs US Median
+$80
Stable (Monthly)
Be the first to discuss 23320 rents ↓
Most AffordableMost Expensive
ZIP 23320 · $2,045
More expensive than 63% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,870
1 BR
$1,900
2 BR
$2,150
3 BR
$2,980
4 BR+
$3,510
Research median
$2,150/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$24,540/yr
At $2,045/mo median
Location
StateVA
CountyChesapeake City
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.6% YoY, +0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 23320 (Chesapeake, VA) is majority owner-occupied, 38.5% of residents hold a bachelor's degree or higher.

Population
59,108
Median income
$84,305
Median age
39.2
Renters
35.5%
Age distribution
19%
24.2%
26.8%
13.7%
16.3%
Under 1819%
18–3424.2%
35–5426.8%
55–6413.7%
65+16.3%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
49.7%
29.1%
White49.7%
Black29.1%
Hispanic9.9%
Asian6.8%
Other4.5%
Education (25+)
21.9%
34.6%
38.5%
No HS diploma5%
HS diploma21.9%
Some college34.6%
Bachelor's+38.5%
Housing tenure
64.5%
35.5%
Owner64.5%
Renter35.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 23320 in Chesapeake, VA has changed in 5 years

Rent
$1,464 → $2,045
up 39.7%
Income
$78,516 → $84,305
up 7.4%
Population
60,180 → 59,108
down 1.8%
Renter share
37.5% → 35.5%
-2.0 pts
Bachelor's+
38% → 38.5%
+0.5 pts
Median age
37 → 39.2
+2.2 yrs

Rent in ZIP 23320 in Chesapeake, VA has climbed 39.7% since 2021, going from about $1,464 per month to roughly $2,045 today. Median household income grew from $78,516 to $84,305 between 2021 and 2024, a 7.4% shift. Rent outpaced income growth by roughly 32.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 60,180 to 59,108 between 2021 and 2024, a 1.8% change. About 35.5% of households rent today, against 37.5% in 2021. Taken together, the five-year picture in ZIP 23320 in Chesapeake, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about ZIP 23320

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 23320

About renting in ZIP 23320

Last updated: July 20, 2026

ZIP code 23320 covers Chesapeake, VA. The median rent here is $2,045/mo as of July 2026. A 1-bedroom rents for a median of $1,900/mo. A 2-bedroom rents for a median of $2,150/mo.

At 29% of local median household income ($84,305/yr), ZIP 23320 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23320?

As of July 20, 2026, the median monthly rent in ZIP 23320 (Chesapeake, VA) is $2,045. This is based on aggregated data from public sources and community submissions.

How does ZIP 23320 rent compare to the US average?

ZIP 23320's median rent of $2,045/mo is $80 (4%) above the US national median of $1,965/mo.

How does ZIP 23320 compare to other ZIPs in Virginia?

ZIP 23320 falls in the middle range for Virginia, ranking #98 out of 198 ZIPs at $2,045/mo.

How much income do you need to rent in ZIP 23320?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,045/mo in ZIP 23320. The local median household income is $84,305/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23320?

Rent in ZIP 23320 has increased 9.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23320 an affordable place to rent?

ZIP 23320 is considered affordable for renters. At $2,045/mo, rent takes approximately 29% of the local median household income ($84,305/yr). The standard benchmark is 30%. ZIP 23320 falls comfortably within that range.

What percentage of ZIP 23320 residents rent vs. own?

According to Census data, approximately 35.5% of ZIP 23320 households are renters, while 64.5% are owner-occupied. ZIP 23320 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23320 compare to the rest of Chesapeake?

ZIP 23320 is pricier than Chesapeake as a whole. At $2,045/mo, it's $4 above the Chesapeake citywide median of $2,041/mo.

When was rent data for ZIP 23320 last updated?

Rent data for ZIP 23320 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $2,045/mo, rent takes ~29% of ZIP 23320's median household income ($84,305/yr). The standard benchmark is 30%.

ZIP 23320 29%Benchmark 30%
State income tax2–5.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 23320 (Chesapeake, VA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.