ZIP Code · VA

ZIP 23324

Part of Chesapeake, VA

Pop. 24,670·Chesapeake City·151st most expensive ZIP in Virginia

Median rent (all units)

$1,641/mo

Year-over-Year

Stable

Month-over-Month

+0.2%

vs US Median

-$291

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 23324 · $1,641

More affordable than 62% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,270

1 BR

$1,290

2 BR

$1,460

3 BR

$2,020

4 BR+

$2,380

Research median

$1,460/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

What a typical income covers

30% of the median household income ($57,045) is $1,426 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,290); a 2-bedroom is $1,460.

Rank in Chesapeake

1st cheapest of 6 ZIP codes in Chesapeake.

Cheaper nearby

ZIP 23504, 4 miles away, rents for 11% less ($1,457/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23324. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,692/yr

At $1,641/mo median

Location

CityChesapeake

StateVA

CountyChesapeake City

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 23324 (Chesapeake, VA) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 21.4% of residents hold a bachelor's degree or higher.

Population

24,670

Median income

$57,045

Median age

32.7

Renters

47.4%

Age distribution

29.1%

24.9%

22.2%

13.3%

Under 1829.1%

18–3424.9%

35–5422.2%

55–6410.4%

65+13.3%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

25.9%

58.6%

White25.9%

Black58.6%

Hispanic11.5%

Asian1.3%

Other2.8%

Education (25+)

13.5%

30%

35.2%

21.4%

No HS diploma13.5%

HS diploma30%

Some college35.2%

Bachelor's+21.4%

Housing tenure

52.6%

47.4%

Owner52.6%

Renter47.4%

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

2021 vs 2026

How ZIP 23324 in Chesapeake, VA has changed in 5 years

Income

$49,198 → $57,045

up 15.9%

Population

23,266 → 24,670

up 6.0%

Renter share

48.8% → 47.4%

-1.4 pts

Bachelor's+

16% → 21.4%

+5.4 pts

Median age

31.7 → 32.7

+1.0 yrs

On the earnings side, the typical household in ZIP 23324 in Chesapeake, VA now reports about $57,045, up from $49,198 in 2021. The population has grown by 6.0% since 2021, moving from about 23,266 residents to roughly 24,670. College-educated residents now make up 21.4% of adults here, versus 16% in 2021.

Community

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Local insights

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About renting in ZIP 23324

Last updated: October 17, 2026

ZIP code 23324 covers Chesapeake, VA. The median rent here is $1,641/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,460/mo.

At 35% of local median household income ($57,045/yr), ZIP 23324 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23324?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,641/mo in ZIP 23324. The local median household income is $57,045/yr, so the typical household falls short of that bar.