HomeVirginiaChesterfield County
Chesterfield County, Virginia: commercial real estate data.
Chesterfield County, Virginia has a population of 377,869 across 423 square miles, up 7.1 percent since the 2020 census base. County output reached $24.00 bn in 2024, 8,257 establishments operate here, and the SBA record carries 271 7(a) approvals worth $148.9 m.
123 sourced county values · tier FULL · 11 sections
Chesterfield County
How many people live in Chesterfield County
- Population377,869
- Households140,155
- Average household size2.70
- Median household income$101,931
- Median age39.0
- Median gross rent$1,629 per month
- Median owner-occupied home value$366,000
- Home value to household income3.6 times
- Annual rent as a share of median income19.2 percent
- Adults 25 and over with a bachelor degree or higher43.8 percent
- Adults 25 and over with a graduate degree16.9 percent
- Adults 25 and over256,373
- Population under 1889,540
- Share under 1823.7 percent
- Population 65 and over60,831
- Share 65 and over16.1 percent
- Working age population, 18 to 64227,498
- Civilian labor force200,687
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over69.6 percent
- Rank by population among Virginia counties5th of 133
- Rank by population among US county-equivalents197th
Chesterfield County is the 5th largest of 133 Virginia counties by population. A median home costs 3.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.7 percent against 16.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Chesterfield County
Is Chesterfield County growing
- Population change since the 2020 census base7.06 percent
- Census 2020 base population364,087
- Births, 20244,217
- Deaths, 20243,021
- Natural change, 20241,196
- Net domestic migration, 20242,096
- Net international migration, 20241,821
- Total net migration, 20243,917
- Cumulative net domestic migration, 2021 to 202415,544
- Rank by growth among US county-equivalents306th
The county has grown 7.06 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Chesterfield County
Where people moving to Chesterfield County come from
- Tax returns filed by households arriving12,805
- People arriving, from those returns23,802
- Adjusted gross income arriving$970.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$75,756
- Largest single originChesterfield County Non-migrants (139,200 households)
- Largest single destination (139,200 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Chesterfield County Non-migrants | 139,200 | 291,503 | $14.15 bn |
| Other flows - Different State | 2,679 | 5,218 | $249.8 m |
| Richmond city | 2,569 | 4,573 | $145.6 m |
| Henrico County | 1,912 | 3,612 | $160.9 m |
| Other flows - South | 1,304 | 2,513 | $99.9 m |
| Other flows - Northeast | 627 | 1,208 | $55.4 m |
| Other flows - Same State | 528 | 951 | $36.0 m |
| Other flows - Midwest | 375 | 736 | $32.4 m |
The largest single source of arrivals is Chesterfield County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Chesterfield County
What the Chesterfield County economy runs on
- County GDP, 2024$24.00 bn
- County GDP, 2023$22.43 bn
- GDP change, 2023 to 20247.0 percent
- GDP change over five years40.9 percent
- Rank by GDP among Virginia counties9th
- Rank by GDP among US county-equivalents228th
- GDP per resident$63,520
Output grew 7.0 percent in the latest year and 40.9 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Chesterfield County
Who employs people in Chesterfield County
- Covered employment, annual average145,905
- Establishments reporting10,284
- Average annual pay$62,685
- Average weekly wage$1,205
- Sector 44-45, employment18,165
- Sector 44-45, average annual pay$39,109
- Sector 62, employment17,487
- Sector 62, average annual pay$59,481
- Sector 48-49, employment13,120
- Sector 48-49, average annual pay$63,530
- Sector 72, employment13,032
- Sector 72, average annual pay$24,550
- Sector 23, employment11,020
- Sector 56, employment9,344
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 18,165 | 907 | $39,109 |
| Sector 62 | 17,487 | 2,218 | $59,481 |
| Sector 48-49 | 13,120 | 254 | $63,530 |
| Sector 72 | 13,032 | 625 | $24,550 |
| Sector 23 | 11,020 | 1,031 | $79,883 |
| Sector 56 | 9,344 | 604 | $48,360 |
| Sector 31-33 | 8,742 | 244 | $80,779 |
| Sector 54 | 8,240 | 1,228 | $115,128 |
The largest sector is the biggest private employer group at 18,165 jobs, 12.4 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Chesterfield County
What businesses operate in Chesterfield County
- Establishments, all industries8,257
- Employment at those establishments124,728
- Annual payroll$7.18 bn
- Establishments per 1,000 residents21.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Chesterfield County
What is being built in Chesterfield County
- Housing units authorised by permit, 20242,307
- Declared construction value permitted$417.2 m
- Single family units authorised1,845
- Multifamily units authorised462
- Multifamily share of units20.0 percent
- Average declared value per unit$180,856
- Units authorised per 1,000 households16.5
Multifamily is 20.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Chesterfield County
How much SBA lending happens in Chesterfield County
- 7(a) approvals recorded271
- 7(a) gross approval dollars$148.9 m
- Average 7(a) approval$549,581
- Median 7(a) approval$220,600
- 10th percentile approval$20,000
- 90th percentile approval$1,515,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)3,102
- Jobs per approval11.4
- Distinct 7(a) lenders active54
- Distinct industries receiving approvals115
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer11.8 percent
- Loans on real estate terms32
- Loans on working capital terms, 120 months or shorter224
- Franchise loans66
- Franchise share of approvals24.4 percent
- Leading industry by approval countFull-Service Restaurants (15)
- Most active lenderManufacturers and Traders Trust Company (28)
- 504 approvals recorded72
- 504 gross approval dollars$48.7 m
- Average 504 approval$675,958
- Median 504 approval$505,000
- Distinct CDCs active4
- 504 jobs per approval13.0
- 504 jobs per million dollars approved19.2
- Most active CDCBusiness Finance Group, Inc. (56)
- 7(a) share of SBA approvals79.0 percent
- Combined SBA approval dollars$197.6 m
The average approval of $549,581 sits well above the median of $220,600, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 11.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Chesterfield County
Do SBA loans in Chesterfield County get paid back
- Loans with a final outcome recorded48
- Paid in full44
- Charged off4
- Charge off rate on resolved loans8.3 percent
- Status: Cancelled34
- Status: Exempt from disclosure175
- Status: Charged off4
- Status: Paid in full44
- Status: Committed, not yet disbursed14
Of the 48 loans that have reached a final outcome, 8.3 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Chesterfield County
Which parts of Chesterfield County get the lending
- Places in the county with recorded lending10
- MIDLOTHIAN, approvals113
- NORTH CHESTERFIELD, approvals54
- CHESTERFIELD, approvals35
- RICHMOND, approvals29
- CHESTER, approvals26
- MOSELEY, approvals6
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MIDLOTHIAN | 113 | $53,030,700 |
| NORTH CHESTERFIELD | 54 | $44,076,600 |
| CHESTERFIELD | 35 | $8,358,200 |
| RICHMOND | 29 | $14,827,100 |
| CHESTER | 26 | $20,585,800 |
| MOSELEY | 6 | $1,983,000 |
| SOUTH CHESTERFIELD | 5 | $1,010,000 |
| COLONIAL HEIGHTS | 1 | $2,715,000 |
MIDLOTHIAN accounts for 113 approvals against 54 in NORTH CHESTERFIELD. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Chesterfield County
How big is Chesterfield County
- Land area423 sq mi
- Rank by land area among Virginia counties41st of 133
- Width, east to west33.6 mi
- Height, north to south23.5 mi
- Geographies sharing a boundary10
- Residents per square mile of land893
- Establishments per square mile19.52
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Chesterfield County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Chesterfield County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population377,869
- Households140,155
- Average household size2.70
- Median household income$101,931
- Median age39.0
Common questions
Chesterfield County questions, answered from the record.
How many people live in Chesterfield County, Virginia?
377,869, in 140,155 households, ranking 5th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Chesterfield County growing?
The population has grown 7.06 percent since the 2020 census base. In 2024 there were 4,217 births against 3,021 deaths, with net migration of 3,917. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Chesterfield County?
$101,931. The median owner-occupied home is valued at $366,000, which is 3.6 times income, and median gross rent is $1,629 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Chesterfield County?
8,257 establishments, employing 124,728 people with an annual payroll of $7.18 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Chesterfield County?
Average annual pay is $62,685, or $1,205 a week, across 145,905 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Chesterfield County?
271 7(a) approvals totalling $148.9 m since FY2020, across 54 lenders, with a median approval of $220,600, plus 72 504 approvals worth $48.7 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Chesterfield County get paid back?
Of the 48 loans that have reached a final outcome, 44 were paid in full and 4 charged off, a charge off rate of 8.3 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Chesterfield County?
2,307 housing units were authorised by permit in 2024, with a declared construction value of $417.2 m. Multifamily was 20.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Chesterfield County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Chesterfield County come from?
The largest single origin is Chesterfield County Non-migrants, with 139,200 households. Arriving households report an average income of $75,756 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Chesterfield County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Chesterfield County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.