Why Live in Indian River
Indian River in Chesapeake, VA, is a suburban neighborhood situated along a tributary of the Elizabeth River, offering residents access to various outdoor parks, community centers, and water recreation. The area features a mix of single- and multi-family homes, condominiums, and newer residential developments, with architectural styles ranging from ranch-style homes with brick exteriors to traditional-style homes with vinyl siding. The neighborhood is served by the Chesapeake Public School district, which is highly rated. Indian River Park spans over 90 acres and includes amenities such as playgrounds, basketball courts, and hiking trails, while the Indian River Community Center provides indoor recreation facilities. Local organizations like Friends of Indian River promote environmental conservation through volunteer clean-up events and community gardens. Residents can shop at nearby plazas like the one on Woodlake Drive, which includes a Kroger Marketplace, Dick’s Sporting Goods, and HomeGoods. Dining options include the Crazy Buffet & Grill and Eagles’ Nest Rockin’ Country Bar for live music and entertainment. Commuters benefit from the neighborhood's proximity to downtown Norfolk, just 8 miles away, and easy access to Interstate 264 and 64, with public transportation available via Hampton Roads Transit. The area has a low crime risk compared to the national average, making it a practical choice for families.
Home Trends in Indian River, VA
On average, homes in Indian River, Chesapeake sell after 24 days on the market compared to the national average of 51 days. The median sale price for homes in Indian River, Chesapeake over the last 12 months is $310,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$310,000
Median Single Family Sale Price
$320,000
Median Townhouse Sale Price
$269,950
Median 2 Bedroom Sale Price
$228,500
Average Price Per Sq Ft
$209
Number of Homes for Sale
47
Last 12 months Home Sales
316
Median List Price
$310,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%