The Most Affordable Neighborhoods in Chesterfield, IN by Home Value

These days, finding an affordable place to live in the Chesterfield area can be challenging. Home prices in Chesterfield are now at a median cost of $114,454, lower than the Indiana average of $232,932.

The average cost of rent is $968/mo in Chesterfield, primarily driven by the current value of real estate in the Chesterfield area. In Chesterfield, 27.33% of households rent, and 42.82% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chesterfield is $5,212 per month. Households that rent pay about 18.58% of their income on rent here. Chesterfield’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.

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