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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 $779,330, higher than the New Jersey average of $496,577.
The average cost of rent is $1,991/mo in Chester, primarily driven by the current value of real estate in the Chester area. In Chester, 9.35% of households rent, and 30.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chester is $17,798 per month. Households that rent pay about 11.19% of their income on rent here. Chester’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Flanders, NJ: less expensive homes
- Mendham, NJ: higher priced homes
- Succasunna, NJ: less expensive homes
- Peapack and Gladstone, NJ: higher priced homes
- Brookside, NJ: higher priced homes
- Long Valley, NJ: less expensive homes
- Pottersville, NJ: equally priced homes
- Gladstone, NJ: higher priced homes
- Ledgewood, NJ: less expensive homes
- Far Hills, NJ: higher priced homes
Cities with Similar Populations
- La Plata, PR: less expensive homes
- Knox, IN: less expensive homes
- Terryville, CT: less expensive homes
- Kronenwetter, WI: less expensive homes
- Krum, TX: less expensive homes
- Terry, MS: less expensive homes
- Tennessee Colony, TX: less expensive homes
- Tell City, IN: less expensive homes
- La Grange, TX: less expensive homes
- La Joya, TX: less expensive homes
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