How much is a home worth in ZIP code 23834?

The typical home in 23834 is worth $300,121, based on the Zillow Home Value Index.

Are home values rising in 23834?

Home values in 23834 are up 0.8% over the past year, and up 6.4% a year over five years.

What is the typical rent in 23834?

A typical home in 23834 rents for about $1,503 a month, a gross rental yield of 6.0%.

What is the property tax rate in 23834?

The effective property tax rate in 23834 is 0.8% — roughly $2,413 a year on a typical home.

ZIP code 23834 has a population of 26,628 and a median household income of $84,338.

HousingHandbookReference data

…

U.S. ZIP Code · VA23834

Chesterfield County · Richmond, VA

Typical home value

$300,121^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.8%
5-year / yr: +6.4%
10-year / yr: +7.0%

Relative price

vs U.S.: +5.7%
vs metro: -19.3%
vs state: -8.6%

Price history

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

The typical home in 23834 is worth $300,121 — 19.3% below the Richmond, VA median. Over the past year, values have risen 0.8%. Homes here rent for a typical $1,503 a month — a 6.0% 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: $1,503^[2]
Gross yield: 6.0%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,413^[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: 26,628^[3]
Median household income: $84,338^[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: 7
Elementary: 4
Middle: 1
High: 1

Colonial Heights High
High · Grades 9–12 · Colonial Heights City Public Schools
857 students
Tussing Elementary
Elementary · Grades PK–5 · Colonial Heights City Public Schools
649 students
Colonial Heights Middle
Middle · Grades 6–8 · Colonial Heights City Public Schools
648 students
Marguerite F. Christian Elementary
Elementary · Grades PK–5 · Chesterfield County Public Schools
590 students
Lakeview Elementary
Elementary · Grades PK–5 · Colonial Heights City Public Schools
439 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 yield6.0%

Net yield (after ~40% expenses)3.6%

Annual rent$18,037

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$1,518

Loan principal$240,097

Down payment$60,024

Total interest paid$306,230

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 ratio1.31

Monthly cost to own$1,968

Monthly rent$1,503

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: 65th percentile^[1]
Rental yield: 73rd percentile^[2]
Property tax: 89th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23834?: The typical home in 23834 is worth $300,121, based on the Zillow Home Value Index.
Are home values rising in 23834?: Home values in 23834 are up 0.8% over the past year, and up 6.4% a year over five years.
What is the typical rent in 23834?: A typical home in 23834 rents for about $1,503 a month, a gross rental yield of 6.0%.
What is the property tax rate in 23834?: The effective property tax rate in 23834 is 0.8% — roughly $2,413 a year on a typical home.
Who lives in 23834?: ZIP code 23834 has a population of 26,628 and a median household income of $84,338.

#Comparable ZIPs

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

23223 vs 23834 →
East Highland Park CDP, VA
Typical home
$299,257
Gross yield
6.3%
23110 vs 23834 →
VA
Typical home
$299,132
Gross yield
—
22437
VA
Typical home
$303,553
Gross yield
—
23894
VA
Typical home
$304,365
Gross yield
—
23840
VA
Typical home
$294,957
Gross yield
—
23083
VA
Typical home
$306,229
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23834

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