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Chester CDP, VA

ZIP 23831 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23831

Median Home Value
$300,200
Median Rent
$1,328
Affordability Snapshot
$83,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,928/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23831 in Chester CDP, VA, a household would need roughly $83,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,928. That is roughly in line with the local median household income ($92,092). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
74.7%+14% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
93.3%+7% vs US avg
x
4+ Bedrooms
8.7%-41% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
1.9%-72% vs US avg
x
Rent Burden >30%
20.9%-58% vs US avg
x
Mortgage-Free
29.4%-23% vs US avg
x
$300,200
Home Value
$1,328
Rent
1993
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.7%
  • 1-unit attached5.8%
  • 2-9 units7.4%
  • 10+ units9.6%
  • Mobile home & other3.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$300,200
Median rent$1,328
Owner-occupied74.7%
Vacant4.0%
Price-to-income3.3x
Est. income to buy$83,000