Housing Market Conditions and Housing Needs in Chesterfield County, Virginia

Abstract

The Virginia Center for Housing Research (VCHR) was contracted to perform a housing market and needs analysis to assist the planning efforts of Chesterfield County, Virginia.  This report summarizes the findings of that analysis, describes trends from 1990-2000 and projects growth from 2000-2010, and identifies important characteristics of housing in Chesterfield.   The data used for this effort primarily came from the 1990 and 2000 Censuses, the VCHR Housing Model, and the Chesterfield Planning Department.
 
The report is organized into seven sections: population growth and household composition; race and ethnicity; incomes and poverty; housing tenure, values and rents; elderly households and person with disabilities; and projected housing demand; and housing production.  The first three sections pertain mostly to the demographic characteristics of Chesterfield.  The following three sections examine the housing trends in relationship to tenure, disability status, age and demand.  The last section examines the supply of housing and addresses whether the supply of housing is keeping up with projected demand.  The report concludes with an outline of significant findings and provides an overall assessment of the County’s housing market.