ZIP Code · VA

ZIP 23323

Part of Chesapeake, VA

Pop. 43,043·Chesapeake City·59th most expensive ZIP in Virginia

Median rent (all units)

$2,299/mo

Year-over-Year

+5.8%

Month-over-Month

+1.1%

vs US Median

+$367

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 23323 · $2,299

More expensive than 74% of US ZIP codes · National median $1,932/mo

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Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,740

1 BR

$1,770

2 BR

$2,000

3 BR

$2,770

4 BR+

$3,270

Research median

$2,000/mo

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

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 23323 is at its highest level since Zillow's records here began in January 2023.

Past year vs. the rest of Virginia

Rent in ZIP 23323 changed +5.8% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 6 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($108,730) is $2,718 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,000); a 3-bedroom is $2,770.

Rank in Chesapeake

5th cheapest of 6 ZIP codes in Chesapeake.

Cheaper nearby

ZIP 23321, 7 miles away, rents for 21% less ($1,805/mo), about $5,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23323. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,588/yr

At $2,299/mo median

Location

CityChesapeake

StateVA

CountyChesapeake City

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.8% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 23323 (Chesapeake, VA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 35.8% of residents hold a bachelor's degree or higher.

Population

43,043

Median income

$108,730

Median age

36.6

Renters

16.3%

Age distribution

27.5%

20.2%

28.7%

12.1%

Under 1827.5%

18–3420.2%

35–5428.7%

55–6411.4%

65+12.1%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

55.8%

27.7%

White55.8%

Black27.7%

Hispanic7.6%

Asian2.7%

Other6.2%

Education (25+)

26%

32%

35.8%

No HS diploma6.2%

HS diploma26%

Some college32%

Bachelor's+35.8%

Housing tenure

83.7%

16.3%

Owner83.7%

Renter16.3%

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

2023 vs 2026

How ZIP 23323 in Chesapeake, VA has changed in 5 years

Rent

$1,975 → $2,299

up 16.4%

Income

$92,900 → $108,730

up 17.0%

Population

41,681 → 43,043

up 3.3%

Renter share

19.3% → 16.3%

-3.0 pts

Bachelor's+

31.9% → 35.8%

+3.9 pts

Median age

35.8 → 36.6

+0.8 yrs

Five years ago, renters in ZIP 23323 in Chesapeake, VA paid around $1,975 a month. That figure now sits near $2,299, up 16.4% from the 2023 baseline. Household income in the area moved from $92,900 to $108,730 across the same window, up 17.0% versus 2021. Census counts show ZIP 23323 in Chesapeake, VA adding about 1,362 residents over the five-year window, up 3.3% on net. The renter share has eased from 19.3% to 16.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 31.9% to 35.8% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 23323 in Chesapeake, VA look reasonable against where the market sat half a decade ago.

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About renting in ZIP 23323

Last updated: October 17, 2026

ZIP code 23323 covers Chesapeake, VA. The median rent here is $2,299/mo as of October 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,000/mo.

At 25% of local median household income ($108,730/yr), ZIP 23323 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23323?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (about $44/hour full-time) to afford the median rent of $2,299/mo in ZIP 23323. The local median household income is $108,730/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23323?

Rent in ZIP 23323 has risen 5.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2023.

How does ZIP 23323 compare to other ZIPs in Virginia?

ZIP 23323 is one of the pricier among Virginia ZIP codes for rent, ranking #59 of 194 at $2,299/mo. Over the year to September 2026, rent in ZIP 23323 changed +5.8%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.