23322 — Chesapeake city, Virginia Market Snapshot
Housing market data for zip code 23322 in Chesapeake city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
45 sales in 2026 (year to date)
Median Sale Price
$542,320
Days to Sell
43
Homes Sold
45
Inventory
36
Sale-to-List
100.3%
New Listings
48
Price/SqFt
$226
Pending Sales
52
Conforming Loan Available
Most homebuyers in 23322 can comfortably use conventional financing. The median home price of $542,320 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
23322's market is balanced with homes taking an average of 43 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 23322 (100.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23322 can comfortably use conventional financing. The median home price of $542,320 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 23322 are set at the county level.
2026 Loan Limits — Chesapeake city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $757,850 |
| 2 Units | $1,066,250 | $970,200 |
| 3 Units | $1,288,800 | $1,172,750 |
| 4 Units | $1,601,750 | $1,457,450 |
Affordability Snapshot — Zip 23322
To purchase the median home at $542,320 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,305.
Monthly Payment
$4,305
Income Required
$184,503
Principal & Interest
$3,342/mo
Down Payment (5%)
$27,116
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 23322.
Estimated Monthly Payment
$3,506
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