Real Estate Investing in Chesterfield, Virginia (23832)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 23832 (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 (23832)?
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Market Analysis: 23832 Chesterfield
Not every below-median market is a bargain. Chesterfield's 23832 ZIP reports signals that favor experienced operators who can absorb the risk $415K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 23832 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 23832 among VA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 23832 includes headwinds that any investor should price in. Income distribution skews lower than Chesterfield averages, and tenant stability requires active management.
Strategy in 23832 is an operator game, not a passive one. Put differently, entry prices of $415K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Chesterfield:
Property Strategy for 23832
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $295,351 | $2,170 | 5.3% | +7.1% | $147,676 |
| 3BR | $340,122 | $2,720 | 5.8% | +7.9% | $113,374 |
| 4BR | $437,031 | $3,350 | 5.5% | +7.2% | $109,258 |
| 5BR | $576,263 | — | — | +6.6% | $115,253 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 23832 Compare?
| Metric | 23832 | Chesterfield | Richmond, VA | Virginia |
|---|---|---|---|---|
| Home Value | $415,285 | $441,302 | N/A | $403,170 |
| 5-Year CAGR | 5.5% | 6.0% | N/A | 6.4% |
| Avg Rent | $2,039 | $1,816 | N/A | - |
| Cap Rate | 3.8% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 23832 (Chesterfield, VA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $415,285 |
| Monthly Rent | $2,039 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 23832
Population: 42,410
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 23832
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 do home values compare in Chesterfield, VA?
In Chesterfield, VA the median home value sits at $415K. Against the broader VA market, that reads as reasonable for most investors.
How tight is the rental market in Chesterfield, VA?
Vacancy risk in Chesterfield, VA is elevated. That supports even-keeled cash flow for typical rental holds.
Is Chesterfield, VA good for landlords?
Chesterfield, VA falls under VA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the average monthly rent in Chesterfield, VA?
Expect rents around $2,039/mo per month in Chesterfield, VA. With home values at $415K, the yield math works out to reasonable levels for rental investors.
How strong is tenant demand in Chesterfield, VA?
Chesterfield, VA draws a stable base of working renters. Demand at the $2,039/mo rent level is reasonable for standard single-family and small multi rentals.
You know 23832 now. You don’t know where it ranks.
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How 23832 ranks in Richmond, VA
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