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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 $324,865, lower than the Virginia average of $443,089.
The average cost of rent is $1,816/mo in Chester, primarily driven by the current value of real estate in the Chester area. In Chester, 25.32% of households rent, and 31.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chester is $8,250 per month. Households that rent pay about 22.01% of their income on rent here. Chester’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bellwood, VA: less expensive homes
- Colonial Heights, VA: less expensive homes
- Kenwood, VA: less expensive homes
- Deerfield Estates, VA: less expensive homes
- Enon, VA: less expensive homes
- Meadowbrook, VA: less expensive homes
- Varina, VA: equally priced homes
- Bensley, VA: less expensive homes
- Matoaca, VA: less expensive homes
- Highland Park, VA: higher priced homes
Cities with Similar Populations
- Jeffersonville, IN: less expensive homes
- El Centro, CA: less expensive homes
- New Albany, IN: less expensive homes
- Cuyahoga Falls, OH: less expensive homes
- Downingtown, PA: higher priced homes
- Morganton, NC: less expensive homes
- Grapevine, TX: higher priced homes
- Hurst, TX: equally priced homes
- Lagrange, GA: less expensive homes
- Lake Stevens, WA: higher priced homes
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