How much is a home worth in ZIP code 23114?

The typical home in 23114 is worth $469,916, based on the Zillow Home Value Index.

Are home values rising in 23114?

Home values in 23114 are up 1.7% over the past year, and up 5.8% a year over five years.

What is the typical rent in 23114?

A typical home in 23114 rents for about $2,246 a month, a gross rental yield of 5.7%.

What is the property tax rate in 23114?

The effective property tax rate in 23114 is 0.8% — roughly $3,629 a year on a typical home.

ZIP code 23114 has a population of 21,631 and a median household income of $112,738.

HousingHandbookReference data

…

U.S. ZIP Code · VA23114

Chesterfield County · Richmond, VA

Typical home value

$469,916^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.7%
5-year / yr: +5.8%
10-year / yr: +5.4%

Relative price

vs U.S.: +65.4%
vs metro: +26.3%
vs state: +43.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23114 is worth $469,916 — 26.3% above the Richmond, VA median. Over the past year, values have risen 1.7%. Homes here rent for a typical $2,246 a month — a 5.7% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,246^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,629^[3]

#Climate risk

FEMA National Risk Index ratings for Chesterfield County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 21,631^[3]
Median household income: $112,738^[3]

#Migration

Household moves in and out of Chesterfield County over a year, from IRS tax-return data.

Net migration: +575^[5]
Moved in: 12,065
Moved out: 11,490

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 1
High: 1

Midlothian High
High · Grades 9–12 · Chesterfield County Public Schools
2,046 students
Tomahawk Creek Middle
Middle · Grades 6–8 · Chesterfield County Public Schools
1,612 students
Old Hundred Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
972 students
J.B. Watkins Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
831 students
Evergreen Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
823 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$26,953

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,376

Loan principal$375,932

Down payment$93,983

Total interest paid$479,481

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.37

Monthly cost to own$3,069

Monthly rent$2,246

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 41st percentile^[1]
Rental yield: 65th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23114?: The typical home in 23114 is worth $469,916, based on the Zillow Home Value Index.
Are home values rising in 23114?: Home values in 23114 are up 1.7% over the past year, and up 5.8% a year over five years.
What is the typical rent in 23114?: A typical home in 23114 rents for about $2,246 a month, a gross rental yield of 5.7%.
What is the property tax rate in 23114?: The effective property tax rate in 23114 is 0.8% — roughly $3,629 a year on a typical home.
Who lives in 23114?: ZIP code 23114 has a population of 21,631 and a median household income of $112,738.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

23192 vs 23114 →
VA
Typical home
$468,815
Gross yield
—
23139 vs 23114 →
Powhatan CDP, VA
Typical home
$479,960
Gross yield
4.0%
23060
Glen Allen CDP, VA
Typical home
$454,611
Gross yield
4.9%
23011
VA
Typical home
$450,612
Gross yield
—
23005
Ashland, VA
Typical home
$450,203
Gross yield
4.9%
23140
VA
Typical home
$448,272
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23114

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