Real Estate Investing in Chesterfield, Virginia (23237)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23237 (Chesterfield, VA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Chesterfield, VA (23237)?
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Market Analysis: 23237 Chesterfield
Investors eyeing 23237 need to respect the fundamentals at play. Home values of $332K come alongside slower price movement and elevated management overhead.
Put differently, the numbers look inviting — $332K purchase price, 0.0% nominal cap — the work to hit that pro forma in 23237 is substantial and deserves full respect.
In the broader VA picture, 23237 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 23237 ZIP's population of 28,262 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 23237 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Chesterfield:
Property Strategy for 23237
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,748 | $1,640 | 5.3% | +10.7% | $111,374 |
| 3BR | $297,965 | $2,050 | 5.0% | +8.8% | $99,322 |
| 4BR | $366,165 | $2,530 | 5.0% | +7.4% | $91,541 |
| 5BR | $446,967 | — | — | +6.9% | $89,393 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23237 Compare?
| Metric | 23237 | Chesterfield | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $331,994 | $441,302 | N/A | $403,170 |
| 5-Year CAGR | 6.3% | 6.0% | N/A | 6.4% |
| Avg Rent | $1,842 | $1,816 | N/A | - |
| Cap Rate | 4.3% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23237 (Chesterfield, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $331,994 |
| Monthly Rent | $1,842 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +19.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 23237
Population: 28,262
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 23237
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,146 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Chesterfield, VA?
Typical homes in Chesterfield, VA go for around $332K. The 5-year CAGR of 0.0% steady price movement.
How qualified is the tenant pool in Chesterfield, VA?
Expect a solid tenant pool in Chesterfield, VA. The rental market absorbs $1,842/mo rents without meaningful friction.
Is real estate in Chesterfield, VA a good investment right now?
Chesterfield, VA rates 3.0/5 for investability. With median values at $332K and rents near $1,842/mo, the market offers reasonable fundamentals for rental investors.
Is VA a landlord-friendly state?
The landlord environment in Chesterfield, VA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is vacancy a concern in Chesterfield, VA?
Expect elevated vacancy in Chesterfield, VA. Rents at $1,842/mo are absorbed by the tenant base without meaningful lag.
You know 23237 now. You don’t know where it ranks.
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How 23237 ranks in Richmond, VA
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