Rental numbers for Chesterfield County, VA
The typical home here runs -$1,356 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.7%.
- Gross yield
- 5.4%
- typical home, Zillow
- Median ZIP yield
- 5.7%
- 11 ZIPs with full data
- Cash flow
- -$1,356/mo
- at 7.78%, 25% down
- Typical price
- $412,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,857/mo
- Zillow ZORI, Aug 2026
ZIP codes in Chesterfield County
13 with published figures
| 23237Bellwood | $329,000 | $1,871 | 6.8% | 3.7% | -$765 | n/a |
| 23834Colonial Heights | $298,000 | $1,569 | 6.3% | 3.1% | -$832 | +2.4% |
| 23234Richmond | $312,000 | $1,570 | 6.0% | 2.9% | -$921 | +3.6% |
| 23112Midlothian | $437,000 | $2,148 | 5.9% | 3.0% | -$1,271 | +4.2% |
| 23832Chesterfield | $412,000 | $1,962 | 5.7% | 2.8% | -$1,256 | +5.0% |
| 23831Chester | $383,000 | $1,812 | 5.7% | 2.7% | -$1,199 | +1.6% |
| 23114Midlothian | $470,000 | $2,164 | 5.5% | 2.6% | -$1,504 | +4.7% |
| 23235Richmond | $418,000 | $1,910 | 5.5% | 2.6% | -$1,359 | +3.9% |
| 23236Richmond | $394,000 | $1,663 | 5.1% | 2.2% | -$1,412 | +2.5% |
| 23836Chester | $440,000 | $1,855 | 5.1% | 2.4% | -$1,507 | n/a |
| 23120Moseley | $612,000 | $2,480* | 4.9% | 2.2% | -$2,166 | n/a |
| 23838Chesterfield | $572,000 | $1,740* | 3.6% | 1.1% | -$2,573 | n/a |
| 23113Midlothian | $722,000 | $1,956 | 3.3% | 0.8% | -$3,398 | +3.6% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.6%
- Rent, 12 months
- +2.6%
- Rent minus price growth
- -0.0 pts
- Property tax
- 0.76%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $325,875 | $1,471 |
| Aug 2022 | $365,209 | $1,625 |
| Aug 2023 | $382,472 | $1,657 |
| Aug 2024 | $399,111 | $1,746 |
| Aug 2025 | $401,739 | $1,810 |
| Aug 2026 | $412,221 | $1,857 |
HUD Fair Market Rent
FY2027, Richmond, VA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,456 | $1,517 | $1,651 | $2,039 | $2,499 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 22.4
- 3,144 units, last 12 months
- National percentile
- 92th
- among US counties
Tools
Test a listing in Chesterfield County against today's rate.
Open the calculatorPart of the Richmond, VA metro.
Questions
- Is Chesterfield County good for rental property?
- The typical home here runs -$1,356 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.7%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Chesterfield County?
- About 0.76% of value, from Census ACS median taxes paid over median home value. On a $412,000 home that is about $3,125 a year.
- What is Fair Market Rent in Chesterfield County?
- HUD's FY2027 Fair Market Rent here is $1,517 for a 1-bedroom, $1,651 for a 2-bedroom and $2,039 for a 3-bedroom. Typical cash flow at today's rate is -$1,356 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.