ZIP Code · VA

ZIP 23114

Part of Midlothian, VA

Pop. 21,631·Chesterfield County·78th most expensive ZIP in Virginia

Median rent (all units)

$2,120/mo

Year-over-Year

+5.9%

Month-over-Month

+0.7%

vs US Median

+$188

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 23114 · $2,120

More expensive than 67% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Virginia

Rent in ZIP 23114 changed +5.9% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 4 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($112,738) is $2,818 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,470); a 4-bedroom is $3,040.

Rank in Midlothian

3rd cheapest of 3 ZIP codes in Midlothian.

Cheaper nearby

ZIP 23236, 4 miles away, rents for 19% less ($1,723/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23114. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,440/yr

At $2,120/mo median

Location

CityMidlothian

StateVA

CountyChesterfield County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.9% YoY, +0.7% 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.

Community

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Local insights

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About renting in ZIP 23114

Last updated: October 17, 2026

ZIP code 23114 covers Midlothian, VA. The median rent here is $2,120/mo as of October 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 5.9% over the past year.

FAQ

Frequently asked questions

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 $85,000/year (about $41/hour full-time) to afford the median rent of $2,120/mo in ZIP 23114. The local median household income is $112,738/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23114?

Rent in ZIP 23114 has risen 5.9% over the past year.

How does ZIP 23114 compare to other ZIPs in Virginia?

ZIP 23114 is in the middle among Virginia ZIP codes for rent, ranking #78 of 194 at $2,120/mo. Over the year to September 2026, rent in ZIP 23114 changed +5.9%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.