Rent vs buy in Midlothian & Charter Colony

Midlothian, VA · ZIP 23114 · computed from 72 active listings within about 1.5 miles on September 14, 2026

The market right now

• 1-bedroom: $1,666/mo median rent
• 3-bedroom: $2,750/mo median rent

2-bedroom, 4-bedroom, and 5-bedroom rentals are not shown: fewer than 5 active listings, too few to publish a median from.

72 homes actively for sale within about 1.5 miles, spanning 1 1-bed, 7 2-bed, 42 3-bed, 17 4-bed, 2 5-bed, 3 6-bed. 64 of them sit inside 23114 itself.

Rent medians over 18 active rental listings in 23114.

What buying takes

• 2-bedroom: $306,000 median list price (market context, not the basis)
• 3-bedroom: $435,000 median list price (market context, not the basis)
• 4-bedroom: $525,000 median list price (market context, not the basis)

1-bedroom and 5-bedroom list prices are not shown: fewer than 5 active listings, too few to publish a median from.

All-in monthly to own: $2,864 for a 2-bedroom, $2,899 for a 3-bedroom - mortgage, taxes, insurance, maintenance, and any HOA carried.

Only one matching 1-bedroom home is for sale here right now, not enough to model a reliable market price, so we are not quoting one. It is in the listings below.

The roommate math nobody shows you

A matched 2-bedroom here runs about $2,864 a month to own on the homes the engine actually matches here, typically around $246,300. Split two ways, that is about $1,823 per person. Qualifying for the same home solo takes roughly $95,000 a year at the standard 36 percent lender cap: rent splits between people, a mortgage qualification does not.

On the market in Midlothian & Charter Colony

The engine's own top matches for a typical renter here; each cash-to-close is 20 percent down plus closing on that home's price.

Charter Colony rent, and one listing that cannot price a market

$1,666 a month is the median one-bedroom rent around Midlothian and Charter Colony, measured on the ZIP's live rental listings.

64 homes are for sale inside 23114 from 72 within about 1.5 miles. Exactly one of them is a one-bedroom, and a single listing describes itself rather than a market, so this page names the count instead of quoting an average built on it.

$1,823 per person monthly is what two people pay to own a matched two-bedroom here, while a solo buyer needs income close to $95,000 for the same home.

Keep exploring

• Downtown Richmond · own from about $2,056/mo
• The Fan & VCU · own from about $1,987/mo
• Carytown & Museum District
• Northside & Highland Park
• Church Hill & East End
• All Richmond, VA neighborhoods
• Introducing LeaseLens: how the rent-vs-buy math actually works

Common questions

Can roommates buy together in Midlothian & Charter Colony?

Splitting a 2-bedroom two ways runs about $1,823 per person each month, while qualifying for the same home solo takes roughly $95,000 of annual income at the standard 36 percent lender cap.

Run it on your actual lease

These figures describe a typical renter. Upload your lease and LeaseLens computes the same comparison on your real rent, income, and savings, then watches the market for you.

Data updated September 14, 2026.

How these numbers are computed

Every figure comes from the same engine that powers the LeaseLens comparison, run over live inventory in 23114: rent medians from active rental listings, ownership costs from the engine's top-matched-homes construction, and the crossover year from its 30-year net worth projection. The reference buyer is a solo renter with good credit, a $100k income, 20 percent down, and cash covering the close. Your own lease and finances will move every number, which is what the full comparison is for.