Chatham, VA housing market
The typical Chatham home is worth about $174,000, up 3.2% in a year, 58% below the Virginia typical home. Homes typically sell in 95 days, below asking.
Home values, sales, trends and how Chatham compares with the towns next door — updated as new data is published.
Chatham at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Chatham | Virginia |
|---|---|---|
| 2017 | $104,000 | $253,000 |
| 2018 | $103,000 | $263,000 |
| 2019 | $105,000 | $271,000 |
| 2020 | $112,000 | $284,000 |
| 2021 | $125,000 | $311,000 |
| 2022 | $141,000 | $345,000 |
| 2023 | $153,000 | $367,000 |
| 2024 | $162,000 | $386,000 |
| 2025 | $170,000 | $405,000 |
| 2026 | $167,000 | $411,000 |
| August 2026 | $174,000 | $415,000 |
3 years of income
The typical Chatham home costs about 3 years of the town's median household income, less than across Virginia (4.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $910
HUD's Fair Market Rent for a two-bedroom in Chatham is $910 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Chatham pay a median of $1,004. A two-bedroom takes about 19% of the town's median household income.
Studio $630 · 4 bedrooms $1,430
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24531; Pittsylvania County-Danville city, VA HUD Nonmetro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.