Rent to own Homes in Chesapeake, VA
Sitting amongst an abundance of state parks and wildlife refuges, there's little wonder why the coastal Virginian town of Chesapeake prides itself on being an escape. Nature lovers will feel at home between the Chesapeake Arboretum, also known as "Nature's Classroom," and the Dismal Swamp Canal, where you can trek the same route rumored to have given Edgar Allen Poe inspiration for parts of "The Raven." And thanks to the nearby Virginia coastline, Chesapeake residents enjoy mild temperatures year round and only light snowfall in the winter.
Chesapeake, VA is a great place for affordable rent-to-own homes! With a median household income of over $81,261 and a median rent of $1,300, the Chesapeake, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Chesapeake, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Chesapeake, VA Property Resources
Rent to own Homes in Cities Near Chesapeake, VA
Neighborhoods in Chesapeake, VA
Deep Creek West rent to own homes Deep Creek North rent to own homes Deep Creek South rent to own homes Great Bridge rent to own homes South Norfolk rent to own homes Western Branch North rent to own homes Western Branch South rent to own homes Deep Creek rent to own homes Pleasant Grove East rent to own homes Pleasant Grove West rent to own homesMedian Home Price in Chesapeake, VA
Median Rent in Chesapeake, VA
Top Reasons to Live in Chesapeake VA
Housing Statistics House hunters in Chesapeake can enjoy significantly lower price ranges than in regions closer to the nation's capital. The average sales price for a home in 2011 was at $300,027 overall. Single family homes cost an average of $319,116, and townhouses carried an asking price of $209,564. Renters also feel some small relief when compared to rental properties in the north, with the average gross rent being $1,144 a month. Those looking to own their home are at a great advantage, as 72 percen of properties in the area are owner occupied. If you wish to rent, you have a longer search ahead of you. Renter-occupied properties make up 24 percent of the Chesapeake market, and only 4 percent of properties in the area are vacant. Consider looking into a rent to own property, and you can work your way up to home ownership.
Nightlife If you've found your Chesapeake home or are still in town searching for it, you will want to know what you can do at night. Chesapeake happens to be in a prime location for local seafood, and at Wicker's Crab Pot & Seafood you can enjoy the cooking of a family that has been in the seafood business for over 60 years. For those with different tastes in seafood, check out sushi restaurants like Kyoto. Kyoto, located in the Greenbrier neighborhood, is more of a Japanese steakhouse concept. They boast hibachi chefs and a specialty Chesapeake roll stuffed with crab. A full bar is also available, complete with sake to round out the Japanese experience. And for a more domestic menu, Winston's Cafe provides standard fare of burgers, steaks, and fish alongside inventive menu additions such as a wasabi chop salad, pork lumpia made in authentic Filipino style, and a seafood quesadilla. They also cater, providing more options for your large events, and play host to live music four days a week. Locals rave most about the cafe's French Dip sandwich, a roast beef and Swiss cheese sandwich with au jus on the side for dipping. Winston's has been in business for more than 20 years, making this cafe a proud staple in the Chesapeake community. Their menu features locally-sourced food whenever possible, and the bands performing every week all make the Chesapeake area their home.
Local Shopping Chesapeake Square provides a collection of well-known retailers and smaller, upscale shops. But if you're looking for something more than an abundance of stores to sink your money, the Towne Place at Greenbrier also provides an annual summer concert schedule.
Neighborhoods The neighborhoods in Chesapeake range from the nature minded in the south to progressively urban in the north. But with cities bordering the town to the northeast and wildlife reserves and state parks to the southwest, this is to be expected. A few neighborhoods are listed here: