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Affordable
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These days, finding an affordable place to live in the Chester area can be challenging. Home prices in Chester are now at a median cost of $193,717, lower than the Michigan average of $250,415.
The average cost of rent is $1,176/mo in Chester, primarily driven by the current value of real estate in the Chester area. In Chester, 12.58% of households rent, and 38.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chester is $6,759 per month. Households that rent pay about 17.40% of their income on rent here. Chester’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carlisle, MI: higher priced homes
- Gresham, MI: higher priced homes
- Charlotte, MI: equally priced homes
- Vermontville, MI: equally priced homes
- Needmore, MI: higher priced homes
- Potterville, MI: equally priced homes
- Little Venice, MI: higher priced homes
- Nashville, MI: equally priced homes
- Olivet, MI: equally priced homes
- Mulliken, MI: higher priced homes
Cities with Similar Populations
- Chesterville, IL: equally priced homes
- New Site, MS: less expensive homes
- Winston, MT: higher priced homes
- Fenwood, WI: higher priced homes
- Mount Cory, OH: less expensive homes
- Farmersville Station, NY: less expensive homes
- Exeter, ME: less expensive homes
- Canehill, AR: higher priced homes
- Nicut, OK: less expensive homes
- Willisville, IL: less expensive homes
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