Chesapeake, VA Foreclosed Homes & Properties

Foreclosure Homes for Sale in Chesapeake, VA: What You Need to Know

Chesapeake, Virginia is a diverse, expansive, and vibrant city full of beautiful farmland, wetlands, and forests as well as sprawling urban areas. Named the 21st best city in the U.S. in 2011 by Bloomberg Businessweek, Chesapeake offers plentiful economic opportunity as well as high all-around standards of living.

What are the Best Neighborhoods in Chesapeake, VA?

One of Chesapeake’s premier suburban areas is Deep Creek, an updated residential area that used to be primarily rural. This area provides an overwhelming sense of safety, quiet, and tight-knit community. To the south side of the city, Hickory is primarily made up of expansive farmland, allowing residents plenty of space to spread out. Within Chesapeake’s commercial center is Greenbrier, a heavily populated area that provides close proximity to businesses and restaurants. 

Transportation and Infrastructure

Chesapeake locals can use Norfolk International Airport, located in nearby Norfolk, for commercial air travel and Chesapeake Regional Airport for private air travel. A large amount of freight service comes into Chesapeake through the Intracoastal Waterway, which passes directly through the city. Some of the primary highways used by Chesapeake locals include Interstates 64 and 464 as well as U.S. Highways 27, 13, 460, and 58.

What are the Best Job Opportunities in Chesapeake, VA?

Two active Navy bases are located in Chesapeake: NALF Fentress and Northwest Annex. In addition to its military presence, the economy of Chesapeake is extremely varied, providing plentiful opportunities for potential employees in a variety of fields. Some of the most significant employers in Chesapeake include Chesapeake City Public Schools, the City of Chesapeake, Chesapeake Regional Medical Center, Walmart, and Dollar Tree.

Chesapeake, VA Cost of Living

Similar to the state of Virginia at large, Chesapeake’s typical home and rental cost lie well above the national average. In fact, Chesapeake’s median cost for a home is $270,300 compared to the U.S. average of $231,200 and the average studio apartment in Chesapeake costs $1,000 per month to rent as opposed to the U.S. average of $821 per month. The city’s residents save slightly on utilities such as gas, water, and power but tend to spend more than the average U.S. citizen on healthcare costs.

Shopping in Chesapeake, VA

Located in the heart of Chesapeake, Towne Place at Greenbrier features a wide variety of retailers, boutiques, gyms, health food shops, and restaurants for visitors to choose from. As one of Virginia’s larger cities, Chesapeake features many more unique shopping centers including Greenbrier Mall and Chesapeake Square Mall.