ZIP Code 23321 — Chesapeake, VA Home Prices (2026)

The typical home in ZIP 23321 (Chesapeake, Virginia) is worth about $407,000 at roughly $213 per square foot — 1% more expensive than the Chesapeake median and 38% more expensive than the typical U.S. home.

$407,000

Typical home value

$213

Price per sq ft

#3 of 6

Chesapeake ZIPs by value

+1%

vs Chesapeake median

How 23321 compares

ZIP 23321 is a mid-priced ZIP code for Chesapeake: its typical home value of $407,000 ranks #3 of the 6 Chesapeake ZIP codes we track (the citywide range runs from $290,000 in 23324 to $558,000 in 23322). Per square foot it costs about $213, against $219 for Chesapeake as a whole, $221 for Virginia, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 23321	$407,000	$213
Chesapeake, VA	$401,000	$219
Virginia	$342,000	$221
United States	$294,000	$195

Home value by size in 23321

Using this ZIP’s rate of about $213 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$213,000
1,500 sq ft	$319,500
2,000 sq ft	$426,000
2,500 sq ft	$532,500
3,000 sq ft	$639,000

Salary needed to buy a home in ZIP 23321

To buy the typical $407,000 home in ZIP 23321 with 20% down, you need a household income of roughly $111,000 a year (about $2,580 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $132,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$20,400	$3,210/mo	$138,000/yr
10% (+PMI)	$40,700	$3,070/mo	$132,000/yr
20%	$81,400	$2,580/mo	$111,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 23321

At about $213 per square foot, here is roughly how much home different budgets get you in ZIP 23321:

Budget	Approx. size	What that looks like locally
$200k	940 sq ft	below the local median — condos, smaller or older homes
$250k	1170 sq ft	below the local median — condos, smaller or older homes
$300k	1410 sq ft	below the local median — condos, smaller or older homes
$400k	1880 sq ft	around the typical home here
$500k	2350 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 23321 home.

Estimate a specific home in 23321

The estimator below is pre-set to ZIP 23321 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Chesapeake ZIP codes by home value

Where 23321 sits among Chesapeake’s 6 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	23322	$558,000	$249
2	23323	$431,000	$217
3	23321 (this page)	$407,000	$213
4	23320	$395,000	$220
5	23325	$333,000	$229
6	23324	$290,000	$210

ZIP 23321 home prices: frequently asked

What is the average home price in ZIP code 23321? +

The typical home in ZIP 23321 (Chesapeake, VA) is worth about $407,000 as of 2026. That is 1% more expensive than the Chesapeake median of $401,000 and 38% more expensive than the U.S. median of $294,000.

What is the price per square foot in 23321? +

About $213 per square foot in 23321, versus $219 across Chesapeake and $221 across Virginia. At that rate a 1,500 sq ft home runs roughly $319,500 and a 2,500 sq ft home about $532,500.

What salary do you need to buy a house in ZIP 23321? +

For the typical $407,000 home in ZIP 23321, a household income of about $111,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $132,000; with 5% down about $138,000.

Is 23321 an expensive ZIP code? +

Within Chesapeake, 23321 ranks #3 of 6 ZIP codes by typical home value, which makes it a mid-priced ZIP code for Chesapeake. Nationally it is relatively expensive.

See the full Chesapeake home values page, all Virginia cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.