Chester Gap, VA—22623
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chester Gap, VA
As of Oct '25, the median home price in Chester Gap, VA is $327,000, with a year-over-year change of 2.1%. This indicates that home prices in Chester Gap, VA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 2.1% |
| Single Family | $327,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $351,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chester Gap, VA
Chester Gap, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chester Gap, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chester Gap, VA is 100. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $447,000 | 7.0% |
Listing Count | 6 | 36.0% |
| Listings as % of Homes | 0.4% | 36.0% |
Days on Market | 100 | 46.0% |
Demographics — Chester Gap, VA
As of the latest ACS Survey released in 2023, Chester Gap, VA has a population of 859, which has increased by 5.1% over the past 5 years. Chester Gap, VA is a popular place for families, as children make up 28.8% of the population. The area has a poorly educated workforce, with 2.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 859 | 5.1% |
% Under 18 | 28.8% | -10.8% |
% Seniors | 14.2% | -36.0% |
% WFH | 9.0% | ∞% |
% w/ College Degree | 2.1% | -92.6% |
As of the latest ACS Survey released in 2023, Chester Gap, VA is a predominantly white area, with 79.5% of the population identifying as white. The white population has shrunk by 20.5% in the last 5 years. The second most common race or ethnicity in Chester Gap, VA is black, making up 17.7% of the population. Foreign-born residents account for 0.1% of the population in Chester Gap, VA, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.5% | -20.5% |
% Black | 17.7% | ∞% |
% Hispanic | 0.0% | N/A |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.1% | ∞% |
Mortgage and Risk — Chester Gap, VA
Chester Gap, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Chester Gap, VA
Chester Gap, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,210 |
| 2 Bedroom | N/A | N/A | $1,410 |
| 3 Bedroom | N/A | N/A | $1,760 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Chester Gap, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $327,000 |
| Median Household Income | $73,700 |