37 / 100

Chesterfield County, VA

Matoaca

RANK #618 / 996 NAT  ·  #18 / 37 VA  ·  POP 366,019

1YR FORECAST: +0.9%

5YR OUTLOOK: +21%

Chesterfield County's housing market is projected to grow +0.9% over the next year, below the national average.

[01] Why Chesterfield County?

Pocahontas State Park, an 8,000-acre outdoor haven, anchors Chesterfield County, Virginia, offering extensive trails, boating, and fishing opportunities. Located just south of Richmond, the county provides a suburban and rural feel with convenient access to the city via major interstates and public transit options like GRTC bus service and park-and-ride lots. The community is characterized by its blend of historical significance, including sites like Henricus Historical Park, and natural beauty, bordered by the James and Appomattox Rivers. Notable towns like Midlothian, Chester, and Moseley offer distinct charm, with Midlothian recognized for its small-town appeal.

Chesterfield County attracts families and individuals seeking a balanced lifestyle, with public schools generally performing above average. The county's economy is diversifying beyond its historical agricultural roots, with recent investments in advanced manufacturing, data centers, and renewable energy sectors. This economic growth contributes to a landscape where residents find a mix of established neighborhoods and new developments. The county has seen an increase in population and income growth, indicating its appeal as a place to live and work.

[02] Market Snapshot

Housing Ratio
6.0x

Above national median (4.7x)

GDP Growth
+4.1%

Well above national median

Home Prices
+1.5%

Above national median

Climate & Terrain
-0.8

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 6.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Chesterfield County Government Government
    10,000+
  2. 2
    HCA Virginia Health System Healthcare
    5,000+
  3. 3
    Defense Supply Center Richmond Military
    2,500+
  4. 4
    United Parcel Service (UPS) Logistics
    1,000+
  5. 5
    DuPont Manufacturing
  6. 6
    Amazon.com Retail
  7. 7
    Capital One Service, Inc. Finance
  8. 8
    CJW Medical Center Healthcare
  9. 9
    Saint Francis Medical Center Healthcare
  10. 10
    Hill PHOENIX, Inc. Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Chesterfield County U.S. National

The Numbers

DEMOGRAPHICS
Population
366,019
+1.73% YoY
Median Household Income
$95,757
Median Home Value
$306,500
+1.51% 12mo
Median Rent
$1,460
Average Annual Pay
$62,685
+4.0% YoY
Employment
145,905
+2.1% YoY
Income-to-Home-Value
0.3124
More affordable than average
Migration Inflow
4.66%
of pop. from another state
Bachelor's Degree+
42.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$421,507
Days on Market
50
Moderate pace
Months of Supply
1.7
Seller's market
Sale-to-List Ratio
99.5%
Near asking price
Sold Above List
33.6%
Listings w/ Price Drops
19.4%
Building Permits (2024)
2,307
Single-Family Permits
1,845

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.4
per 100K · nat avg 6.3
Firearm Fatalities
14.8
per 100K · nat avg 14.8
Injury Deaths
77.7
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
39.0
Good
Good Air Days
88%
749 of 847 days
Unhealthy+ Days (3yr)
2
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
38
2022
38
2023
41
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$14,038M
TOTAL
PROJECT AMOUNT STATUS
Google Data Center Campus (Project Peanut)
Google
$9,000M Under Construction
Chester Solar Technology Park (Data Center & Solar Farm)
Torch Clean Energy
$2,000M Planned
Chesterfield Energy Reliability Center (CERC) Natural Gas Plant
Dominion Energy
$1,470M Approved
LEGO Manufacturing Facility
LEGO
$1,000M Under Construction
Topsoe Manufacturing Plant
Topsoe
$400M Under Construction
Proctors Creek Wastewater Treatment Plant Upgrades
Chesterfield County Utilities
$168M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +4.1% 74 percentile
Population Growth +1.7% 86 percentile
Income Growth +8.4% 48 percentile
Vacancy Rate 0.8% 77 percentile
Home Price Change +1.5% 53 percentile
Rent Growth +3.5% 60 percentile
Price/Rent 14x 43 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Chesterfield County, VA a good place to move to?

At 37/100, Chesterfield County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $95,757 combined with job growth of +2.1% suggests the local economy is struggling to keep pace with national trends.

Is Chesterfield County affordable?

Housing in Chesterfield County is roughly in line with national affordability norms. The median home costs $306,500 and the income-to-home-value ratio sits at 0.31, with rents averaging $1,460/month. Not a bargain, but not a stretch for most local earners either.

Is Chesterfield County growing or shrinking?

Chesterfield County is growing on multiple fronts. Population is up +1.7% year-over-year while employers added jobs at a +2.1% clip. Home values shifted +1.5% in the past year.

Are people moving to Chesterfield County?

There's a moderate stream of newcomers. About 4.66% of residents moved from another state, which is above average and suggests Chesterfield County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Prince William County, VA 37 Virginia Beach city, VA 37 Spotsylvania County, VA 38 Harrisonburg city, VA 39 Bedford County, VA 40 Frederick County, VA 40 Caddo Parish, LA 37 Mobile County, AL 38