The story of this market
The typical home in ZIP 23114 sells for about $517,000, or $217 per square foot.
Prices are up +28.75% from a year ago, so sellers still have some momentum. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,711 a month.
ZIP 23114 — Midlothian
The 23114 housing market shows significant price appreciation year-over-year, reflecting strong demand in this suburban Midlothian area. While inventory remains constrained, the market is characterized by competitive conditions typical of the broader Richmond region. Buyers are navigating a landscape of rising values and limited supply.
This ZIP is well-suited for families and professionals seeking suburban living with access to quality schools and convenient shopping, while remaining within a reasonable commute to Richmond's employment centers.
Median prices moved up 28.8% year over year.
Homes spend a median of 29 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 5.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23114, 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.
The area is served by the Chesterfield County Public Schools system, which generally maintains a positive reputation within the Richmond metropolitan region.
The area benefits from proximity to Richmond's employment hubs and ongoing suburban development in Chesterfield County, supported by established infrastructure.
Property taxes are assessed by Chesterfield County based on fair market value; specific rates and exemptions are determined by the county's annual budget and assessment cycle.
Residents typically rely on personal vehicles for commuting, with access to major corridors like Midlothian Turnpike providing connectivity to downtown Richmond.
The area features access to local parks, community green spaces, and proximity to shopping centers along the Midlothian Turnpike corridor.
The rental market remains stable with modest growth, reflecting the broader Richmond metropolitan trend of steady demand and limited vacancy pressure.
The local economy is integrated into the broader Richmond metropolitan area, which features a diverse mix of finance, healthcare, and government employers.
Transportation is primarily automobile-dependent, with the Midlothian Turnpike serving as the primary arterial road for regional access.
Development activity is characterized by ongoing suburban residential expansion and commercial infill projects within Chesterfield County.
The Chesterfield County assessor maintains property values based on annual market assessments to determine local tax liabilities.
Parcels in this ZIP are subject to Chesterfield County property taxes and are served by the Chesterfield County Public Schools district.
Data retrieved from US Census Bureau ZCTA-level tables.
Major commercial corridor serving the area with extensive retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.