Median Home Price
$409,594.98
Median Rent
$2,084.02/mo
Price-to-Rent RatioTIE
16.4
Property Tax RateTIE
0.82%
Price Change (1Y)
+3.0%
Price Change (5Y)
+15.0%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$125,641
Median Home PriceBETTER
$276,692.77
Median RentBETTER
$1,402.5/mo
Price-to-Rent RatioTIE
16.4
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+3.4%
Price Change (5Y)BETTER
+17.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$84,982
Key Differences
Home Prices
Chesapeake's median home price of $409,594.98 is higher than Staunton's $276,692.77 by 48%.
Monthly Rent
Renting in Chesapeake costs $2,084.02/mo compared to $1,402.5/mo in Staunton—a difference of $681.52/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.