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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Chesterfield, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Chesterfield, NJ Housing Market Trends

With 9,036 people, 2,338 houses or apartments, and a median cost of homes of $729,251, real estate costs in Chesterfield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Chesterfield is a township of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Chesterfield than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chesterfield. Owner-occupied housing accounts for 79.68% of Chesterfield's homes, and 85.99% have either three or four bedrooms, which is average sized relative to America.

Chesterfield homes and real estate are some of the newest in America. 60.64% of Chesterfield's housing was built since 2000, making the township have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Chesterfield real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 21.90%), and between 1940-1969 ( 12.30%). There's also some housing in Chesterfield built before 1939 ( 5.15%).

Chesterfield Home Appreciation Rates

Chesterfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chesterfield during the period has been just 5.11%, which is lower than 80% of US communities.

Appreciation rates are so strong in Chesterfield that despite a nationwide downturn in the housing market, Chesterfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chesterfield appreciation rates continue to be some of the highest in America, at 10.01%, which is higher than appreciation rates in 87.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chesterfield. Chesterfield appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.

Relative to New Jersey, our data show that Chesterfield's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$729,251

Chesterfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,747 / per month

Homeownership Rate

Owners
Renters
79.7%
79.7%
20.3%
20.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.8%
2.8%
97.2%
97.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
60.6%
60.6%
21.9%
21.9%
12.3%
12.3%
5.2%
5.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.2%
81.2%
15.5%
15.5%
1.7%
1.7%
1.6%
1.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
4.4%
4.4%
4.4%
4.4%
30.1%
30.1%
55.9%
55.9%
5.1%
5.1%
0% 100.0%
% of Homes