How much is a home worth in ZIP code 23832?

The typical home in 23832 is worth $411,967, based on the Zillow Home Value Index.

Are home values rising in 23832?

Home values in 23832 are up 1.7% over the past year, and up 5.8% a year over five years.

What is the typical rent in 23832?

A typical home in 23832 rents for about $1,975 a month, a gross rental yield of 5.8%.

What is the property tax rate in 23832?

The effective property tax rate in 23832 is 0.7% — roughly $2,995 a year on a typical home.

ZIP code 23832 has a population of 41,442 and a median household income of $111,684.

HousingHandbookReference data

…

U.S. ZIP Code · VA23832

Chesterfield County · Richmond, VA

Typical home value

$411,967^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.7%
5-year / yr: +5.8%
10-year / yr: +6.2%

Relative price

vs U.S.: +45.0%
vs metro: +10.7%
vs state: +25.5%

Price history

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

The typical home in 23832 is worth $411,967 — 10.7% above the Richmond, VA median. Over the past year, values have risen 1.7%. Homes here rent for a typical $1,975 a month — a 5.8% 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: $1,975^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,995^[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: 41,442^[3]
Median household income: $111,684^[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: 9
Elementary: 4
Middle: 0
High: 1

Lloyd C. Bird High
High · Grades 9–12 · Chesterfield County Public Schools
2,127 students
J.A. Chalkley Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
868 students
Winterpock Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
798 students
Jacobs Road Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
742 students
O.B. Gates Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
617 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$23,697

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$2,083

Loan principal$329,574

Down payment$82,393

Total interest paid$420,353

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 ratio1.36

Monthly cost to own$2,677

Monthly rent$1,975

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: 46th percentile^[1]
Rental yield: 68th percentile^[2]
Property tax: 74th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23832?: The typical home in 23832 is worth $411,967, based on the Zillow Home Value Index.
Are home values rising in 23832?: Home values in 23832 are up 1.7% over the past year, and up 5.8% a year over five years.
What is the typical rent in 23832?: A typical home in 23832 rents for about $1,975 a month, a gross rental yield of 5.8%.
What is the property tax rate in 23832?: The effective property tax rate in 23832 is 0.7% — roughly $2,995 a year on a typical home.
Who lives in 23832?: ZIP code 23832 has a population of 41,442 and a median household income of $111,684.

#Comparable ZIPs

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

23063 vs 23832 →
Goochland CDP, VA
Typical home
$409,506
Gross yield
—
23069 vs 23832 →
Hanover CDP, VA
Typical home
$414,449
Gross yield
—
23015
VA
Typical home
$416,176
Gross yield
—
23235
Bon Air CDP, VA
Typical home
$417,567
Gross yield
5.7%
23141
VA
Typical home
$419,739
Gross yield
—
23230
Richmond, VA
Typical home
$422,681
Gross yield
5.3%

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Pit ZIP 23832 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · VA23832

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