The story of this market
The typical home in ZIP 23112 sells for about $450,000, 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. HUD's fair market rent for a two-bedroom is $1,764 a month.
ZIP 23112 — Midlothian
The 23112 housing market remains a competitive seller's market, characterized by steady demand and limited inventory. Prices have seen modest year-over-year growth, supported by the area's appeal to families and its proximity to Richmond's employment centers.
This ZIP is ideal for family buyers and professionals seeking suburban living with access to modern amenities and a reasonable commute to Richmond's employment hubs.
Median prices moved up 0.7% year over year.
Homes spend a median of 25 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 4.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 23112, Chesterfield County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 23112 area are generally considered lower than the Richmond city average, with suburban safety profiles typical of Chesterfield County.
Schools serving the 23112 ZIP code are part of the Chesterfield County Public Schools system, which generally maintains competitive ratings and strong academic performance.
The area faces standard regional risks including occasional heavy rainfall and wind events, with flood risk concentrated near specific creek corridors.
The area benefits from proximity to the Hull Street Road commercial corridor, which continues to see retail and residential expansion, supported by major regional employers in the Richmond metro.
Property taxes are assessed by Chesterfield County based on fair market value, with rates set annually by the Board of Supervisors; no specific special district surcharges are broadly applied to the entire ZIP.
Residents primarily commute via Hull Street Road (Route 360) toward downtown Richmond, with typical drive times ranging from 25 to 40 minutes depending on traffic.
The area features access to local parks such as Pocahontas State Park nearby, numerous golf courses, and extensive shopping centers along the Hull Street corridor.
The rental market is robust with high demand for single-family homes, driven by families seeking suburban space and proximity to schools.
The economy is driven by a mix of retail, healthcare, and professional services, with many residents commuting to the broader Richmond-Petersburg metro area.
Transportation is heavily reliant on personal vehicles, with Hull Street Road serving as the primary artery connecting the area to the regional highway network.
Development is focused on infill residential projects and commercial expansion along the primary transit corridors.
Chesterfield County assesses property annually based on market data to ensure equitable taxation across the county.
Parcels are subject to standard county-wide school and general service district taxes.
Property insurance premiums are stable, reflecting the area's moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large state park offering trails, camping, and water activities.
Major commercial artery with extensive retail and restaurant options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.