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These days, finding an affordable place to live in the Chestnut Hill area can be challenging. Home prices in Chestnut Hill are now at a median cost of $1,313,775, higher than the Massachusetts average of $477,554.
The average cost of rent is $2,421/mo in Chestnut Hill, primarily driven by the current value of real estate in the Chestnut Hill area. While nearly 37.60% of residents own their homes outright in Chestnut Hill, 30.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chestnut Hill is $16,087 per month. Households that rent pay about 15.05% of their income on rent here. Chestnut Hill's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
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Cities with Similar Populations
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