Zip lookup · VA

23831
Chester, Virginia.

Chester, Chesterfield County, VA · Richmond, VA metro · population 39,529

What it costs per month · 23831 $2,000/mo

to buy the typical home at today's mortgage rate — +$1,090 (+120%) since Jan 2020.

What the home itself did
1 year
Up $8,569 +2%
$372,540$381,109 since Sep 2025
5 years
Up $75,133 +25%
$305,976$381,109 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 23831 $2,000 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 23831$2,000
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 16 years.

Typical home values in zip 23831 rose 2.3% over the past year — faster than the nation's +1.2%.

Asking rents in zip 23831 rose 1.8% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 23831 runs $825/mo more than renting one. The gap peaked at $879 in Oct 2023.

That is $2,649 a month against $1,824 rent: a $2,000 mortgage payment, plus $241 property tax and $408 insurance & upkeep.

Owning vs renting — zip 23831

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,000 $1,500 $2,000 $2,500 2021 2022 2023 2024 2025 2026 Owning all in $2,649 Renting $1,824 Mortgage only $2,000
$1,000 $1,500 $2,000 $2,500 2022 2024 2026
  • Owning all in$2,649
  • Renting$1,824
  • Mortgage only$2,000

Property tax · $241/mo 0.76% of value a year — the ACS 2020-2024 median bill over the median home value for Chesterfield County, VA

Insurance & upkeep · $408/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Chester, VA — measured over the city limits, which is a different area from this zip.

Asking rent $1,824 as of Sep 2026
+1.8%year on year
Typical home value $381,109 as of Sep 2026
+2.3%year on year

Asking rent — 23831

Against the Richmond, VA metro and the national benchmark.

$1,200 $1,400 $1,600 $1,800 2021 2022 2023 2024 2025 2026 23831 $1,824 Richmond $1,706 United States $1,932
$1,200 $1,400 $1,600 $1,800 2022 2024 2026
  • 23831$1,824
  • Richmond$1,706
  • United States$1,932

Typical home value — 23831

Mid-tier homes, smoothed and seasonally adjusted.

$250,000 $300,000 $350,000 $400,000 2018 2020 2022 2024 2026 23831 $381,109 Richmond $392,106 United States $366,157
$250,000 $300,000 $350,000 $400,000 2018 2022 2026
  • 23831$381,109
  • Richmond$392,106
  • United States$366,157

Within 20 miles

Showing 30 of 34 zips in range — sorting picks from all 34.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
4.0 23237 Richmond 27,126 $1,879 $325,915
4.7 23834 Colonial Heights 26,628 $1,665 $295,118
6.5 23836 Chester 15,298 $1,803 $439,842
7.6 23234 Richmond 47,465 $1,559 $309,463
8.7 23832 Chesterfield 41,442 $1,890 $410,203
9.3 23803 Petersburg 42,012 $1,329 $238,838
9.9 23231 Henrico 38,544 $1,673 $333,364
10.2 23838 Chesterfield 17,686 — $569,290
10.7 23224 Richmond 40,575 $1,520 $243,565
11.7 23236 Richmond 27,903 $1,723 $391,368
12.5 23225 Richmond 42,771 $1,518 $367,296
13.1 23885 Sutherland 3,193 — $349,004
13.2 23875 Prince George 13,029 $1,436 $347,525
13.2 23860 Hopewell 31,404 $1,200 $233,084
13.2 23235 Richmond 33,461 $1,845 $415,336
13.4 23112 Midlothian 57,016 $2,054 $434,381
13.6 23219 Richmond 4,062 $1,530 $360,326
14.2 23220 Richmond 34,671 $1,763 $446,587
14.6 23221 Richmond 14,402 $1,895 $645,519
15.0 23114 Midlothian 21,631 $2,120 $468,325
15.1 23223 Richmond 54,659 $1,469 $295,779
15.2 23805 Petersburg 21,408 $1,416 $264,796
15.2 23833 Church Road 2,212 — $337,046
15.6 23150 Sandston 12,544 $2,025 $320,286
16.0 23075 Henrico 8,347 $1,683 $257,207
16.6 23222 Richmond 26,322 $1,682 $276,606
16.6 23226 Richmond 15,477 $2,094 $586,496
16.9 23230 Richmond 8,910 $1,923 $416,616
18.1 23229 Henrico 35,689 $1,773 $521,985
18.5 23113 Midlothian 27,477 $2,010 $720,126

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.