The story of this market
The typical home in ZIP 23038 sells for about $398,000, or $215 per square foot.
Prices are up +5.6% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $2,105 a month.
ZIP 23038 — Columbia
The housing market in 23038 shows steady appreciation and healthy demand, with a median price of $398,000 reflecting a 5.6% year-over-year increase. Low inventory levels and consistent buyer interest continue to drive competitive conditions, though the market remains balanced for both buyers and sellers. Overall, the area's stability and proximity to Richmond's economic core support a positive outlook for the coming quarters.
This ZIP is well-suited for family buyers and professionals seeking a balance between suburban living and access to the Richmond employment core. It appeals to those looking for established neighborhoods with reliable school access and community amenities.
Median prices moved up 5.6% year over year.
Homes spend a median of 40 days on market with 3.2 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 10.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 23038, Chesterfield County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the area are generally consistent with regional averages for suburban Richmond, with property crime being the primary concern. Local law enforcement maintains stable monitoring, and residents typically report feeling secure in residential pockets.
Schools serving the area are part of the regional district, generally maintaining moderate to high performance ratings. The educational environment is characterized by strong community involvement and consistent academic support.
The area faces standard regional risks, primarily related to seasonal storm activity and localized flooding in low-lying zones. Insurance markets remain stable, though premiums reflect standard regional hazard exposure.
Economic momentum is driven by the broader Richmond employment corridor, with steady demand for housing near major transit arteries. Development is focused on infill projects and maintaining the area's suburban character.
Property taxes are assessed at the county level based on fair market value, with rates set annually by the local board of supervisors. Special district levies for utilities and school funding are included in the aggregate tax bill.
Residents primarily commute via major highway corridors toward downtown Richmond, with average travel times reflecting typical suburban traffic patterns. Public transit options are limited, making personal vehicle use the primary mode of transportation.
The area features several local parks and greenbelts, with access to regional trail systems and community sports facilities. Shopping and dining options are concentrated in nearby commercial hubs within a short drive.
The rental market is characterized by steady demand and low vacancy rates, driven by the area's proximity to employment centers. Investors maintain a presence, though the market is primarily dominated by long-term residential leases.
The economy is anchored by the broader Richmond metropolitan area, with significant employment in healthcare, education, and professional services. The area benefits from its proximity to major regional corporate headquarters.
Transportation is dominated by highway access to the Richmond metro core, with ongoing infrastructure maintenance on primary arterial roads. Public transit connectivity is minimal, relying on regional bus services.
Development is largely focused on maintaining existing infrastructure and small-scale residential infill. No major large-scale commercial projects are currently approved within the ZIP boundaries.
The county appraisal district conducts annual assessments based on market data and property inspections to determine fair market value for tax purposes.
Parcels are subject to county-wide school and general service district taxes, with specific utility districts providing water and sewer services.
Property insurance remains available and stable, with premiums influenced by regional weather patterns and standard risk assessments.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features walking trails and recreational fields serving local families.
Provides essential services and dining options for the immediate area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.