Richmond vs Chesapeake: Housing
| Richmond | Chesapeake | |
|---|---|---|
| Median Home Value | $353,000 | $378,400 |
| Median Gross Rent | $1,372/mo | $1,586/mo |
| Homeownership Rate | 43.5% | 74.4% |
| Rent as Share of Income | 25.5% | 20.0% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.