The Most Affordable Neighborhoods in Chesterfield, VA by Home Value

 

Chesterfield, VA Map of Most Affordable Neighborhoods
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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 $314,913, lower than the Virginia average of $323,261.

The average cost of rent is $1,776/mo in Chesterfield, primarily driven by the current value of real estate in the Chesterfield area. While nearly 24.15% of residents own their homes outright in Chesterfield, 10.16% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chesterfield is $9,349 per month. Households that rent pay about 18.99% of their income on rent here. Chesterfield's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.


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