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ZIP Code · VA

ZIP 23831

Part of Chester, VA
Pop. 39,529·Chesterfield County·129th most expensive ZIP in Virginia
Median rent (all units)
$1,832/mo
Year-over-Year
+5.8%
Month-over-Month
+4.9%
vs US Median
-$133
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 23831 · $1,832
More expensive than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,600
1 BR
$1,680
2 BR
$1,840
3 BR
$2,300
4 BR+
$2,840
Research median
$1,840/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
$21,984/yr
At $1,832/mo median
Location
StateVA
CountyChesterfield County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.8% YoY, +4.9% MoM), not inventory.
Demographics

Who lives here

ZIP 23831 (Chester, VA) is majority owner-occupied, has a median income above the national average, 36.9% of residents hold a bachelor's degree or higher.

Population
39,529
Median income
$95,750
Median age
38.9
Renters
27.9%
Age distribution
23.5%
20.2%
28%
12.8%
15.5%
Under 1823.5%
18–3420.2%
35–5428%
55–6412.8%
65+15.5%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
54%
27.9%
13.2%
White54%
Black27.9%
Hispanic13.2%
Asian2.4%
Other2.4%
Education (25+)
25.5%
32.4%
36.9%
No HS diploma5.1%
HS diploma25.5%
Some college32.4%
Bachelor's+36.9%
Housing tenure
72.1%
27.9%
Owner72.1%
Renter27.9%

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

2021 vs 2026

How ZIP 23831 in Chester, VA has changed in 5 years

Rent
$1,372 → $1,832
up 33.5%
Income
$83,529 → $95,750
up 14.6%
Population
36,024 → 39,529
up 9.7%
Renter share
26.2% → 27.9%
+1.7 pts
Bachelor's+
35.7% → 36.9%
+1.2 pts
Median age
40.8 → 38.9
-1.9 yrs

Since 2021, the typical rent in ZIP 23831 in Chester, VA has climbed from $1,372 to $1,832, a 33.5% change over five years. On the earnings side, the typical household in ZIP 23831 in Chester, VA now reports about $95,750, up from $83,529 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 9.7% since 2021, moving from about 36,024 residents to roughly 39,529. Renters now make up 27.9% of households, compared with 26.2% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 23831 in Chester, VA reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 23831

About renting in ZIP 23831

Last updated: July 20, 2026

ZIP code 23831 covers Chester, VA. The median rent here is $1,832/mo as of July 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $1,840/mo.

At 23% of local median household income ($95,750/yr), ZIP 23831 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23831?

As of July 20, 2026, the median monthly rent in ZIP 23831 (Chester, VA) is $1,832. This is based on aggregated data from public sources and community submissions.

How does ZIP 23831 rent compare to the US average?

ZIP 23831's median rent of $1,832/mo is $133 (7%) below the US national median of $1,965/mo.

How does ZIP 23831 compare to other ZIPs in Virginia?

ZIP 23831 falls in the middle range for Virginia, ranking #129 out of 198 ZIPs at $1,832/mo.

How much income do you need to rent in ZIP 23831?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,832/mo in ZIP 23831. The local median household income is $95,750/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23831?

Rent in ZIP 23831 has increased 5.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23831 an affordable place to rent?

ZIP 23831 is considered very affordable for renters. At $1,832/mo, rent takes approximately 23% of the local median household income ($95,750/yr). The standard benchmark is 30%. ZIP 23831 falls comfortably within that range.

What percentage of ZIP 23831 residents rent vs. own?

According to Census data, approximately 27.9% of ZIP 23831 households are renters, while 72.1% are owner-occupied. ZIP 23831 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23831 compare to the rest of Chester?

ZIP 23831 is more affordable than Chester overall. At $1,832/mo, it's $3 below the Chester citywide median of $1,835/mo.

When was rent data for ZIP 23831 last updated?

Rent data for ZIP 23831 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,832/mo, rent takes ~23% of ZIP 23831's median household income ($95,750/yr). The standard benchmark is 30%.

ZIP 23831 23%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23831 (Chester, VA)

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