Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$410,086+2.6% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$88,898About 0.9× the local median income ($101,573): affordable for a typical household
Days on market43 daysAbout the same pace as a year ago
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Chesterfield County, VA is worth $410,086, up 2.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $366,472, so the area is 11.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 25% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $88,898 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $101,573. Typical rent is $1,839 a month, or $2,416 for a house. In the latest IRS figures, 1,913 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$410,086
Change in 1 year
+2.6%
Overvalued %
+11.9%
Show 7 more
Fair home value
$366,472
Change in 5 years
+25.9%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$2,222
Income needed to afford it
$88,898
Property tax rate
0.76%
Rent and investing
Typical rent
$1,839
Typical rent for houses
$2,416
Price-to-rent ratio
18.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,651
Gross rental yield
5.38%
Cap rate (estimate)
3.50%
Market activity
Listings vs a year ago
+24.7%
Days on market
43
Listings with a price cut
20.8%
Show 3 more
Homes for sale
1,166
Pending sales per 100 listings
65
Asking price per sq ft
$215
People and jobs
Median household income
$101,573
Population change (1 year)
+1.5%
Unemployment rate
4.6%
Show 4 more
Population
397,148
Income adjusted for cost of living
$103,752
Net moves in (IRS)
+1,913
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
84.8
Unhealthy air days a year
0
Show 4 more
Flood risk score
89.5
Wildfire risk score
44.0
Walkability (1 to 20)
7.0
Road, rail and air noise
54 dB
Questions people ask
Is Chesterfield County, VA overvalued?
Home prices in Chesterfield County, VA are well above what local incomes have historically supported: fair value is about $366,472, so the area is 11.9% overvalued.
Is Chesterfield County, VA a buyer's or seller's market?
Chesterfield County, VA is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 25% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Chesterfield County, VA?
Home values in Chesterfield County, VA are up 2.6% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Chesterfield County, VA?
A household needs about $88,898 a year to afford the typical home in Chesterfield County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $101,573.