Chester, VA 23836 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Chester, VA—23836

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$430,000

1.7% YoY Growth

Household Income

$102,000

22.4% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$3,040

2.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,580

4.6% YoY Growth

3-Bed Rent

$2,350

32.2% YoY Growth

Other Zip Codes in Chester, VA

23831

Home Price Trends — Chester, VA

As of Nov '25, the median home price in Chester, VA is $430,000, with a year-over-year change of 1.7%. This indicates that home prices in Chester, VA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$430,000	1.7%
Single Family	$430,000	1.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

21.2%

2 Bedrooms

39.0%

3 Bedrooms

34.3%

4 Bedrooms

5.4%

Property Listings — Chester, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Chester, VA is 36. This is a increase of 6.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$505,000	5.0%
Listing Count	58	-10.0%
Listings as % of Homes	0.6%	-10.0%
Days on Market	36	6.0%

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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%

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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%

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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%

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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

Chester, VA—23836

Key Metrics at a Glance

Other Zip Codes in Chester, VA

Home Price Trends — Chester, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chester, VA

% of Rental Stock

Property Listings — Chester, VA

Demographics — Chester, VA

Race and Ethnicity

Mortgage and Risk — Chester, VA

Mortgages

Rentals and Section 8 — Chester, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Chester, VA

Home Price to Income Ratio

Chester, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Colonial Heights, VA

Henrico, VA

Fort Lee, VA

Chester, VA

Hopewell, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$430,000
Median Household Income	$102,000

Chester, VA—23836

Key Metrics at a Glance

Other Zip Codes in Chester, VA

Home Price Trends — Chester, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chester, VA

% of Rental Stock

Property Listings — Chester, VA

Demographics — Chester, VA

Race and Ethnicity

Mortgage and Risk — Chester, VA

Mortgages

Rentals and Section 8 — Chester, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Chester, VA

Home Price to Income Ratio

Chester, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Colonial Heights, VA

Henrico, VA

Fort Lee, VA

Chester, VA

Hopewell, VA

Frequently Asked Questions

What is the average home price in Chester, VA 23836?

How have home prices in Chester, VA 23836 changed over the past year?

What is the home price projection for Chester, VA 23836?

What are the demographics of Chester, VA 23836?

How long does it take homes to sell in Chester, VA 23836?

What is the average rent price in Chester, VA 23836?