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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 52,891, 17,880 total housing units (homes and apartments), and a median house value of $550,486, Chesterfield house prices are not only among the most expensive in Virginia, Chesterfield real estate also is some of the most expensive in all of America.
Chesterfield is a town 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 83.47% of Chesterfield's homes, and 75.56% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Chesterfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chesterfield built between 2000 and later ( 43.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.24%).
Appreciation rates for homes in Chesterfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.17%, which ranks in the top 40% nationwide. This equates to an annual average Chesterfield house appreciation rate of 7.13%.
NeighborhoodScout's data show that during the latest twelve months, Chesterfield's appreciation rate, at 7.36%, has been at or slightly above the national average. In the latest quarter, Chesterfield's appreciation rate has been 2.48%, which annualizes to a rate of 10.31%.
Relative to Virginia, our data show that Chesterfield's latest annual appreciation rate is higher than 80% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Chesterfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chesterfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Chesterfield real estate investment or home purchase decisions.
$550,486
for Virginia
for nation
17,880
$3,072 / per month