Chesterfield County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$194,500

  • 0.3% 1-year change
  • 1.2% 1-year forecast

The median home value in Chesterfield County is $194,500. Chesterfield County home values have gone up 0.3% over the past year and Zillow predicts they will rise 1.2% within the next year. The median rent price in Chesterfield County is $1,350, which is higher than the Richmond Metro median of $1,272.

Foreclosures will be a factor impacting home values in the next several years. In Chesterfield County 3.8 homes are foreclosed (per 10,000). This is greater than the Richmond Metro value of 3.1 and also greater than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chesterfield County is 4.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chesterfield County homeowners underwater on their mortgage is 19.3%, which is the same as Richmond Metro at 19.3%.

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Relative ZHVI
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Chesterfield County Market Overview

Data through Jul 31, 2015
  • $194,500 ZHVI
  • 1.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $226,700 Median sale price
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Chesterfield County Market Health

Data through Jul 31, 2015
  • 1.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 76 Average days on Zillow (Jun 30, 2015)
  • 19.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4 Chesterfield County
3 Richmond Metro
4 United States
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Cities in Chesterfield County

Name Median ZHVI
Midlothian $238,400
Chesterfield $203,200
Bon Air $194,400
Name Median ZHVI
Chester $188,700
Bellwood $131,700
Bensley $117,400

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $113 Median sale price / sq ft
  • No data Listings with price cut
24.2%
Sold below previous sale price
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Chesterfield County Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,414 Chesterfield County
    $1,330 Richmond Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,350 Rent list price
  • $0.82 Rent list price / sq ft
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