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ZIP Code · VA

ZIP 23803

Pop. 42,012·Chesterfield County·192nd most expensive ZIP in Virginia
Median rent (all units)
$1,258/mo
Year-over-Year
+1.2%
Month-over-Month
-2.8%
vs US Median
-$707
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 23803 · $1,258
More affordable than 89% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,003
1 BR
$1,047
2 BR
$1,152
3 BR
$1,459
4 BR+
$1,803
Research median
$1,152/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
$15,096/yr
At $1,258/mo median
Location
StateVA
CountyChesterfield County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.2% YoY, -2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 23803 (Petersburg, VA) is roughly split between renters and owners, has a median income below the national average, 24.4% of residents hold a bachelor's degree or higher.

Population
42,012
Median income
$57,813
Median age
36.4
Renters
48.9%
Age distribution
20.8%
27.2%
21.9%
14.4%
15.7%
Under 1820.8%
18–3427.2%
35–5421.9%
55–6414.4%
65+15.7%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
33.6%
57.6%
White33.6%
Black57.6%
Hispanic6.7%
Asian0.5%
Other1.6%
Education (25+)
13.2%
33.6%
28.8%
24.4%
No HS diploma13.2%
HS diploma33.6%
Some college28.8%
Bachelor's+24.4%
Housing tenure
51.1%
48.9%
Owner51.1%
Renter48.9%

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

2021 vs 2026

How ZIP 23803 in Petersburg, VA has changed in 5 years

Rent
$883 → $1,258
up 42.5%
Income
$49,302 → $57,813
up 17.3%
Population
41,300 → 42,012
up 1.7%
Renter share
50% → 48.9%
-1.1 pts
Bachelor's+
20.5% → 24.4%
+3.9 pts
Median age
37.8 → 36.4
-1.4 yrs

Compared with 2021, rent in ZIP 23803 in Petersburg, VA has increased by $375 per month, settling near $1,258 after starting the period at $883. Median household income grew from $49,302 to $57,813 between 2021 and 2024, a 17.3% shift. Rent outpaced income growth by roughly 25.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 41,300 to 42,012 between 2021 and 2024, a 1.7% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.5% to 24.4%. Taken together, the five-year picture in ZIP 23803 in Petersburg, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 23803

Last updated: July 20, 2026

ZIP code 23803 covers Petersburg, VA. The median rent here is $1,258/mo as of July 2026. A 1-bedroom rents for a median of $1,047/mo. A 2-bedroom rents for a median of $1,152/mo.

At 26% of local median household income ($57,813/yr), ZIP 23803 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23803?

As of July 20, 2026, the median monthly rent in ZIP 23803 (Petersburg, VA) is $1,258. This is based on aggregated data from public sources and community submissions.

How does ZIP 23803 rent compare to the US average?

ZIP 23803's median rent of $1,258/mo is $707 (36%) below the US national median of $1,965/mo.

How does ZIP 23803 compare to other ZIPs in Virginia?

ZIP 23803 is among the more affordable ZIP codes in Virginia, ranking #192 out of 198 ZIPs at $1,258/mo.

How much income do you need to rent in ZIP 23803?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,258/mo in ZIP 23803. The local median household income is $57,813/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23803?

Rent in ZIP 23803 has increased 1.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23803 an affordable place to rent?

ZIP 23803 is considered affordable for renters. At $1,258/mo, rent takes approximately 26% of the local median household income ($57,813/yr). The standard benchmark is 30%. ZIP 23803 falls comfortably within that range.

What percentage of ZIP 23803 residents rent vs. own?

According to Census data, approximately 48.9% of ZIP 23803 households are renters, while 51.1% are owner-occupied. ZIP 23803 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23803 compare to the rest of Petersburg?

ZIP 23803 is more affordable than Petersburg overall. At $1,258/mo, it's $79 below the Petersburg citywide median of $1,337/mo.

When was rent data for ZIP 23803 last updated?

Rent data for ZIP 23803 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,258/mo, rent takes ~26% of ZIP 23803's median household income ($57,813/yr). The standard benchmark is 30%.

ZIP 23803 26%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23803 (Petersburg, VA)

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