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ZIP Code · VA

ZIP 23114

Pop. 21,631·Chesterfield County·75th most expensive ZIP in Virginia
Median rent (all units)
$2,187/mo
Year-over-Year
+10.1%
Month-over-Month
-3.1%
vs US Median
+$222
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 23114 · $2,187
More expensive than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,720
1 BR
$1,790
2 BR
$1,970
3 BR
$2,470
4 BR+
$3,040
Research median
$1,970/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,244/yr
At $2,187/mo median
Location
StateVA
CountyChesterfield County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (10.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+10.1% YoY, -3.1% MoM), not inventory.
Demographics

Who lives here

ZIP 23114 (Midlothian, VA) is majority owner-occupied, has a median income above the national average, 56.7% of residents hold a bachelor's degree or higher.

Population
21,631
Median income
$112,738
Median age
40.9
Renters
24.1%
Age distribution
23.1%
19.7%
25.8%
19.9%
Under 1823.1%
18–3419.7%
35–5425.8%
55–6411.4%
65+19.9%
Gender
46.7%
53.3%
Male46.7%
Female53.3%
Race & ethnicity
70.3%
12.9%
White70.3%
Black12.9%
Hispanic4.6%
Asian6.3%
Other5.8%
Education (25+)
13.9%
24.8%
56.7%
No HS diploma4.6%
HS diploma13.9%
Some college24.8%
Bachelor's+56.7%
Housing tenure
75.9%
24.1%
Owner75.9%
Renter24.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 23114 in Midlothian, VA has changed in 5 years

Income
$106,969 → $112,738
up 5.4%
Population
21,347 → 21,631
up 1.3%
Renter share
20% → 24.1%
+4.1 pts
Bachelor's+
54.2% → 56.7%
+2.5 pts

Local incomes tracked alongside that move, going from a median of $106,969 in 2021 to $112,738 more recently. Census counts show ZIP 23114 in Midlothian, VA adding about 284 residents over the five-year window, up 1.3% on net. The renter share has risen from 20% to 24.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 54.2% to 56.7% across the same window.

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Local insights

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About renting in ZIP 23114

Last updated: July 20, 2026

ZIP code 23114 covers Midlothian, VA. The median rent here is $2,187/mo as of July 2026. A 1-bedroom rents for a median of $1,790/mo. A 2-bedroom rents for a median of $1,970/mo.

At 23% of local median household income ($112,738/yr), ZIP 23114 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23114?

As of July 20, 2026, the median monthly rent in ZIP 23114 (Midlothian, VA) is $2,187. This is based on aggregated data from public sources and community submissions.

How does ZIP 23114 rent compare to the US average?

ZIP 23114's median rent of $2,187/mo is $222 (11%) above the US national median of $1,965/mo.

How does ZIP 23114 compare to other ZIPs in Virginia?

ZIP 23114 falls in the middle range for Virginia, ranking #75 out of 198 ZIPs at $2,187/mo.

How much income do you need to rent in ZIP 23114?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (~$42/hour full-time) to afford the median rent of $2,187/mo in ZIP 23114. The local median household income is $112,738/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23114?

Rent in ZIP 23114 has increased 10.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23114 an affordable place to rent?

ZIP 23114 is considered very affordable for renters. At $2,187/mo, rent takes approximately 23% of the local median household income ($112,738/yr). The standard benchmark is 30%. ZIP 23114 falls comfortably within that range.

What percentage of ZIP 23114 residents rent vs. own?

According to Census data, approximately 24.1% of ZIP 23114 households are renters, while 75.9% are owner-occupied. ZIP 23114 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23114 compare to the rest of Midlothian?

ZIP 23114 is pricier than Midlothian as a whole. At $2,187/mo, it's $115 above the Midlothian citywide median of $2,072/mo.

When was rent data for ZIP 23114 last updated?

Rent data for ZIP 23114 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,187/mo, rent takes ~23% of ZIP 23114's median household income ($112,738/yr). The standard benchmark is 30%.

ZIP 23114 23%Benchmark 30%
State income tax2–5.75%
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Public schools near ZIP 23114 (Midlothian, VA)

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