How much is a home worth in ZIP code 23234?

The typical home in 23234 is worth $312,362, based on the Zillow Home Value Index.

Are home values rising in 23234?

Home values in 23234 are up 3.5% over the past year, and up 7.3% a year over five years.

What is the typical rent in 23234?

A typical home in 23234 rents for about $1,587 a month, a gross rental yield of 6.1%.

What is the property tax rate in 23234?

The effective property tax rate in 23234 is 0.7% — roughly $2,294 a year on a typical home.

ZIP code 23234 has a population of 47,465 and a median household income of $66,619.

HousingHandbookReference data

…

U.S. ZIP Code · VA23234

Chesterfield County · Richmond, VA

Typical home value

$312,362^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +7.3%
10-year / yr: +8.2%

Relative price

vs U.S.: +10.0%
vs metro: -16.0%
vs state: -4.9%

Price history

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

The typical home in 23234 is worth $312,362 — 16.0% below the Richmond, VA median. Over the past year, values have risen 3.5%. Homes here rent for a typical $1,587 a month — a 6.1% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,587^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,294^[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: 47,465^[3]
Median household income: $66,619^[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: 8
Elementary: 4
Middle: 2
High: 1

Meadowbrook High
High · Grades 9–12 · Chesterfield County Public Schools
1,964 students
Falling Creek Middle
Middle · Grades 6–8 · Chesterfield County Public Schools
1,388 students
J.G. Hening Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
877 students
Falling Creek Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
796 students
Hopkins Road Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
753 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 yield6.1%

Net yield (after ~40% expenses)3.7%

Annual rent$19,049

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$1,579

Loan principal$249,890

Down payment$62,472

Total interest paid$318,720

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 ratio1.28

Monthly cost to own$2,030

Monthly rent$1,587

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: 84th percentile^[1]
Rental yield: 76th percentile^[2]
Property tax: 75th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23234?: The typical home in 23234 is worth $312,362, based on the Zillow Home Value Index.
Are home values rising in 23234?: Home values in 23234 are up 3.5% over the past year, and up 7.3% a year over five years.
What is the typical rent in 23234?: A typical home in 23234 rents for about $1,587 a month, a gross rental yield of 6.1%.
What is the property tax rate in 23234?: The effective property tax rate in 23234 is 0.7% — roughly $2,294 a year on a typical home.
Who lives in 23234?: ZIP code 23234 has a population of 47,465 and a median household income of $66,619.

#Comparable ZIPs

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

23841 vs 23234 →
Dinwiddie CDP, VA
Typical home
$306,296
Gross yield
—
23083 vs 23234 →
VA
Typical home
$306,229
Gross yield
—
23177
King William CDP, VA
Typical home
$319,584
Gross yield
—
23150
Sandston CDP, VA
Typical home
$319,843
Gross yield
—
23894
VA
Typical home
$304,365
Gross yield
—
22437
VA
Typical home
$303,553
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23234

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