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ZIP Code · VA

ZIP 23324

Pop. 24,670·Chesapeake City·111th most expensive ZIP in Virginia
Median rent (all units)
$1,963/mo
Year-over-Year
Stable
Month-over-Month
+3.6%
vs US Median
+$1
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 23324 · $1,963
More expensive than 58% of US ZIP codes · National median $1,962/mo
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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: August 17, 2026

Annual cost
$23,556/yr
At $1,963/mo median
Location
StateVA
CountyChesapeake City
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +3.6% 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: August 17, 2026

ZIP code 23324 covers Chesapeake, VA. The median rent here is $1,963/mo as of August 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,460/mo.

At 41% 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 is rent in ZIP code 23324?

As of August 17, 2026, the median monthly rent in ZIP 23324 (Chesapeake, VA) is $1,963. This is based on aggregated data from public sources and community submissions.

How does ZIP 23324 rent compare to the US average?

ZIP 23324's median rent of $1,963/mo is $1 (0%) above the US national median of $1,962/mo.

How does ZIP 23324 compare to other ZIPs in Virginia?

ZIP 23324 falls in the middle range for Virginia, ranking #111 out of 201 ZIPs at $1,963/mo.

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 $79,000/year (~$38/hour full-time) to afford the median rent of $1,963/mo in ZIP 23324. The local median household income is $57,045/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 23324?

Rent in ZIP 23324 has been relatively stable over the past year, with a 0.0% change year over year as of August 17, 2026.

Is ZIP 23324 an affordable place to rent?

ZIP 23324 is considered stretched for renters. At $1,963/mo, rent takes approximately 41% of the local median household income ($57,045/yr). The standard benchmark is 30%. ZIP 23324 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 23324 residents rent vs. own?

According to Census data, approximately 47.4% of ZIP 23324 households are renters, while 52.6% are owner-occupied. ZIP 23324 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23324 compare to the rest of Chesapeake?

ZIP 23324 is more affordable than Chesapeake overall. At $1,963/mo, it's $103 below the Chesapeake citywide median of $2,066/mo.

When was rent data for ZIP 23324 last updated?

Rent data for ZIP 23324 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
41%
STRETCHED

At $1,963/mo, rent takes ~41% of ZIP 23324's median household income ($57,045/yr). The standard benchmark is 30%.

ZIP 23324 41%Benchmark 30%
State income tax2–5.75%
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