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Chesapeake Union Exempted

Learn about the people, housing, costs and businesses in Chesapeake Union Exempted, Ohio

Median Home$157,051
Median Rent$891/month
Population6,987
Leading IndustriesPublic Administration · Information & Media · Transportation30% public administration
Home Value Growth⬆⬆⬆+23.9% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners74% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
NotableAffordable Market$157k median home · lower cost than 81% of the country
Chesapeake Union Exempted Village
OH

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Frequently Asked Questions

What are today's mortgage rates in Chesapeake Union Exempted?

As of today, the 30-year fixed mortgage rate for Chesapeake Union Exempted is approximately 6.995% (7.038% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Chesapeake Union Exempted
What is the median home price in Chesapeake Union Exempted?

The median home value in Chesapeake Union Exempted is $157k. The median monthly rent is $891. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chesapeake Union Exempted?

Home values in Chesapeake Union Exempted have increased 23.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chesapeake Union Exempted?

Based on a typical all-in ownership cost of $836/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chesapeake Union Exempted is $58k/year.

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What industries drive the economy in Chesapeake Union Exempted?

The largest employment sectors in Chesapeake Union Exempted are public administration (30%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.