Chester, VA—23836
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Chester, VA
Home Price Trends — Chester, VA
As of Oct '25, the median home price in Chester, VA is $431,000, with a year-over-year change of 1.6%. This indicates that home prices in Chester, VA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $431,000 | 1.6% |
| Single Family | $431,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 1.2% |
3 Bed | $329,000 | 1.2% |
4 Bed | $451,000 | 1.6% |
| 5 Bed | $583,000 | 1.7% |
% of Housing Stock
Rental Trends — Chester, VA
As of July '25, Rentcast reports the average rent in Chester, VA is $2,880, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Chester, VA is 2-bedrooms: $1,580, 3-bedrooms: $2,670, 4-bedrooms: $3,010. The most common rental property sizes in Chester, VA are 2-bedroom and 3-bedroom, accounting for 39.0% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,040 | $2,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,580 | $1,580 |
| 3 Bed Rent | $2,350 | $2,670 |
| 4 Bed Rent | $3,100 | $3,010 |
% of Rental Stock
Property Listings — Chester, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chester, VA is 37. This is a increase of 22.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $494,000 | 4.0% |
Listing Count | 55 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 37 | 22.0% |
Demographics — Chester, VA
As of the latest ACS Survey released in 2023, Chester, VA has a population of 13,900, which has increased by 2.1% over the past 5 years. Chester, VA is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | 2.1% |
% Under 18 | 21.0% | -9.9% |
% Seniors | 12.8% | 7.6% |
% WFH | 11.5% | 130.0% |
% w/ College Degree | 38.1% | -2.1% |
As of the latest ACS Survey released in 2023, Chester, VA is a predominantly white area, with 47.3% of the population identifying as white. The white population has shrunk by 21.3% in the last 5 years. The second most common race or ethnicity in Chester, VA is black, making up 27.0% of the population. Foreign-born residents account for 11.7% of the population in Chester, VA, and this percentage has increased by 24.5% 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 | 47.3% | -21.3% |
% Black | 27.0% | 4.2% |
% Hispanic | 14.2% | 136.7% |
% Asian | 6.4% | 0.0% |
% Foreign Born | 11.7% | 24.5% |
Mortgage and Risk — Chester, VA
According to HUD data as of 2023, there were 366 mortgage originations in Chester, VA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Chester, VA. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 366 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Chester, VA
Chester, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,780 |
| 2 Bedroom | $390 | $1,580 | $1,970 |
| 3 Bedroom | $140 | $2,350 | $2,490 |
| 4 Bedroom | -$20 | $3,100 | $3,080 |
Affordability — Chester, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $431,000 |
| Median Household Income | $102,000 |