The story of this market
The typical home in ZIP 23832 sells for about $449,274, or $214 per square foot.
Prices are up +5% from a year ago, so sellers still have some momentum. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,830 a month.
ZIP 23832 — Chesterfield (Courthouse)
The housing market in 23832 remains competitive, characterized by steady price appreciation and low inventory levels. While sales volume has fluctuated, strong demand from family buyers continues to support a seller-friendly environment. The market is currently driven by limited supply and the area's appeal as a stable suburban residential hub.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and convenient access to Richmond's employment hubs.
Median prices moved up 5.0% year over year.
Homes spend a median of 36 days on market with 4.8 months of supply — a fast-moving market.
27% 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 4.2% · poverty 5.6% — 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 5.2%/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 4.8%/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 23832, 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 area are generally considered low compared to the broader Richmond metropolitan region, with a stable trend reported in recent years.
The area is served by highly-rated public schools within the Chesterfield County Public Schools system, which is frequently recognized for strong academic performance and college readiness.
The region faces moderate risks from severe thunderstorms and occasional flooding in low-lying areas, with standard insurance coverage typically sufficient for most residential properties.
The area benefits from proximity to major Richmond-area employers and ongoing suburban development, with significant infrastructure investment supporting continued residential and commercial expansion.
Property taxes are assessed by Chesterfield County based on fair market value, with rates set annually by the Board of Supervisors; no additional municipal income tax is levied.
Residents typically face a 25-35 minute drive to downtown Richmond, with major access provided by the Powhite Parkway and Route 288 corridors.
The area features extensive access to local parks, golf courses, and the Swift Creek Reservoir, alongside convenient shopping and dining options at nearby suburban centers.
The rental market remains tight with steady demand, though vacancy rates have seen slight pressure due to new multi-family developments in the surrounding county.
The local economy is anchored by healthcare, education, and professional services, with strong ties to the broader Richmond regional labor market.
Transportation is primarily auto-dependent, with major highway access via Route 288 and Powhite Parkway connecting to the Richmond core.
Development is focused on infill residential projects and the expansion of suburban retail centers to accommodate population growth.
Chesterfield County utilizes a centralized assessment system with annual reviews to ensure property values reflect current market conditions.
Parcels are subject to county-wide school and general service taxes, with some areas potentially falling under specific utility or community service districts.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from data.census.gov 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.
A major recreational hub for boating and fishing.
Extensive trails and outdoor facilities serving the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.