Chester, VA housing market
The typical Chester home is worth about $393,000, up 2.3% in a year, 5% below the Virginia typical home. Homes typically sell in 17 days, close to asking.
Home values, sales, trends and how Chester compares with the towns next door — updated as new data is published.
Chester 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 | Chester | Virginia |
|---|---|---|
| 2017 | $229,000 | $253,000 |
| 2018 | $238,000 | $263,000 |
| 2019 | $246,000 | $271,000 |
| 2020 | $259,000 | $284,000 |
| 2021 | $287,000 | $311,000 |
| 2022 | $329,000 | $345,000 |
| 2023 | $354,000 | $367,000 |
| 2024 | $371,000 | $386,000 |
| 2025 | $384,000 | $405,000 |
| 2026 | $389,000 | $411,000 |
| August 2026 | $393,000 | $415,000 |
Chester and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Chester | $393K | +2.3% | $1,820 | $95,104 |
| Bellwood | $326K | +3.4% | $1,640 | $47,781 |
4.1 years of income
The typical Chester home costs about 4.1 years of the town's median household income, less than across Virginia (4.5 years).
How Chester ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,820
HUD's Fair Market Rent for a two-bedroom in Chester is $1,820 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Chester pay a median of $1,603, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,590 · 4 bedrooms $2,820
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (23237, 23831, 23834; Richmond, VA HUD Metro 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.