Chesapeake is an independent city located in South Hampton Roads.  It is one of the larger cities in Virginia and the Chesapeake real estate market is thriving and diverse. The city’s history goes back to Virginia’s colonial roots.  

A significant influence on the Chesapeake real estate market is the city’s attraction for international businesses on the East Coast.  More than 80 international companies from nearly 20 foreign countries have their headquarters in Chesapeake.  In addition, approximately 180 manufacturers, employing over 90,000 people are located in Chesapeake.

Chesapeake home values are enhanced by the strong labor force in the area.  Chesapeake has an unemployment rate of 3.7% and the labor force is increased yearly by 17,000 military personnel, 40,000 military spouses and approximately 9,000 graduating college students.