The story of this market
The typical home in Chesterfield County, Virginia sells for about $420,000, or $217 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 25 days to sell, which is fast. Over the long run, values in this county have grown 181% since 2000. Last year 45 of 70 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,651 a month.
HUD sets the fair market rent for a 2-bedroom at $1,651 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+1.4%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+15.8%). Worst: 2011 (-6.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,039
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1.4%
2025 change
FHFA repeat-sales index, median of 70 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
24
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $78,837,531.
Mortgage activity
Home lending in this county
78.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 21449 | 11058 | 78.3% | 2.8% | $235,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Chesterfield County, Virginia
Chesterfield County's residential market maintains firm fundamentals with a median sale price of approximately $420,000 and homes going under contract in a brisk 25 days. While elevated mortgage interest rates have tempered runaway year-over-year price appreciation to under 1 percent, low resale supply and robust local employment continue to fuel multiple-offer dynamics for properties under $450,000.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 11 cities · 15 ZIP reports
Median prices moved up 11.1% year over year.
Homes spend a median of 34 days on market with 1.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 2.46% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.8% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 14 researched ZIP reports of 15 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Chesterfield County, Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 16
researched Sep 16
researched Sep 16
researched Sep 17
researched Oct 5
researched Sep 20
researched Sep 20
researched Sep 20
researched Sep 16
researched Sep 16
| 23112 | Midlothian | $450,000 | $217 | +0.7% | 25 | 100% | 15% | 3.2 | 343 | $1,764 | researched Sep 16 |
| 23113 | Midlothian | $342,385 | $223 | +13.2% | 16 | 100% | — | — | 3,081 | $1,789 | researched Sep 16 |
| 23114 | Midlothian | $517,000 | $217 | +28.8% | 29 | — | — | — | 155 | $1,711 | researched Sep 16 |
| 23120 | Moseley | $620,000 | $230 | +1.6% | 48 | — | — | — | 99 | $2,623 | researched Sep 17 |
| 23234 | North Chesterfield | $350,000 | $217 | — | 42 | — | — | — | 191 | $1,401 | researched Oct 5 |
| 23235 | Midlothian | $410,000 | $212 | +4.3% | 24 | 100.4% | 15% | 1.7 | 50 | $1,744 | researched Sep 20 |
| 23236 | Midlothian | $415,000 | $214 | 0% | 33 | — | — | — | 94 | $1,811 | researched Sep 20 |
| 23237 | North Chesterfield | $359,900 | $205 | +3.2% | 9 | 99.2% | 15% | 2.1 | 14 | $1,295 | researched Sep 20 |
| 23803 | Ettrick | $248,944 | $189 | -0.4% | 25 | — | — | — | 243 | $1,178 | researched Sep 16 |
| 23831 | Chester | $389,884 | $195 | -1.3% | 19 | 100% | — | — | 159 | $1,645 | researched Sep 16 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Chesterfield County experiences violent and property crime rates notably lower than statewide and national medians, frequently tracking below urban Richmond averages. Local law enforcement reports steady property crime metrics with concentrated commercial retail shoplifting and vehicle break-ins along major highway corridors like Route 1 and Midlothian Turnpike.
Chesterfield County Public Schools (CCPS) serves the entire county, featuring high overall state accreditation ratings and widely sought-after specialty centers, dual-enrollment academies, and IB diploma programs. Western-subdivision schools around Midlothian and Cosby regularly earn top statewide marks on standardized SOL benchmarks and graduation metrics.
Chesterfield carries low to moderate environmental hazard exposure overall, though riverine parcels along the James River and Appomattox River face designated 100-year flood zones. Inland wind risks stem from residual Atlantic hurricane/tropical systems, while wildfire exposure is minor and concentrated in peripheral timberland tracts.
Chesterfield exhibits vigorous economic momentum anchored by major advanced manufacturing, logistics, and data infrastructure expansions, including the Meadowville Technology Park (Amazon, Lego Group manufacturing facility) and Upper Magnolia Green. Ongoing capital investments in public infrastructure and suburban master-planned developments continue to draw strong corporate and residential investment.
Chesterfield levies real estate taxes on 100 percent of fair market value assessed annually as of January 1 by the Department of Real Estate Assessments. The county real estate tax rate stands at $0.91 per $100 of assessed valuation, with relief exemptions available for qualifying elderly and disabled homeowners, and no independent municipal overlay tax districts across unincorporated territory.
Chesterfield's rental sector maintains healthy occupancy driven by relocation demand from Richmond and expanding regional employment hubs. Asking rents have stabilized near $1,850 per month, supported by several new garden-style and build-for-rent multifamily developments along Hull Street and Route 288.
Chesterfield's economy is diversified across advanced manufacturing, corporate management, retail trade, healthcare, and logistics. It hosts major hubs for Amazon, DuPont, Capital One, and the emerging Lego Americas production center, benefiting from close adjacency to Virginia state government agencies in downtown Richmond.
The county is bisected by major transportation arteries including Interstate 95, State Route 288 (the western Richmond beltway), Chippenham Parkway (Route 150), Route 76 (Powhite Parkway), and U.S. Routes 60 and 360. Fixed-route public bus service is offered selectively via GRTC along major suburban retail corridors, while vehicular commuting predominates.
Chesterfield's comprehensive plan focuses growth into designated Special Focus Areas and Revitalization corridors while directing commercial and industrial growth to mega-sites like Meadowville and Upper Magnolia. Land use policies prioritize multimodal transit corridors and mixed-use infill over greenfield sprawl.
The Chesterfield County Department of Real Estate Assessments reassesses all real property annually at 100 percent of fair market value under Virginia Code Title 58.1. Annual assessment notices are mailed to owners each winter reflecting recent market arm's-length sales across similar property classes.
Chesterfield parcels fall under general countywide taxing authority without overlapping separate town or municipal jurisdictions. Special service districts exist primarily in targeted development areas for stormwater utility assessments and localized community development authorities (CDAs).
Property insurance availability in Chesterfield remains robust with moderate underwriting terms, generally avoiding the coastal catastrophe surges found in Tidewater Virginia. Premiums reflect localized risk assessments for hail, heavy rainfall flooding, and wind from convective summer storms or Atlantic tropical remnants.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Spanning over 7,900 acres in the center of the county, it offers more than 64 miles of multi-use hiking and mountain biking trails, three lakes for paddling and fishing, camping facilities, and the Heritage Amphitheater. It stands as a premier outdoor recreation centerpiece for Richmond-area families and endurance sports enthusiasts.
A 1,700-acre water supply reservoir bordered by master-planned neighborhoods such as Brandermill and Woodlake. It provides residents with non-motorized boating, sailing, scenic shoreline trails, and waterfront dining options.
A 115-acre sports mega-facility featuring 12 illuminated all-weather synthetic turf athletic fields. It serves as one of the Mid-Atlantic's top tournament hubs for soccer, lacrosse, and field hockey, generating extensive regional sports tourism.
An outdoor living history museum overlooking the James River that recreates the 1611 Citie of Henricus, the second successful English settlement in Virginia. It offers educational programming, riverfront access, and living-history interpretive exhibits.
A 102-acre park along the southern bank of the James River offering boat launches for kayaks and canoes, fishing piers, nature trails, and picnic shelters, directly serving northwest Chesterfield communities.
Retrieved from U.S. Census Bureau 5-year County Profile data for Chesterfield County, VA (FIPS 51041).