Chesterfield appreciation rates and housing market information

Chesterfield housing market information

With 46,973 people, 18,796 houses or apartments, and a median cost of homes of $406,714, Chesterfield house prices are not only among the most expensive in Missouri, Chesterfield real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Chesterfield, accounting for 64.35% of the city's housing units. Other types of housing that are prevalent in Chesterfield include large apartment complexes or high rise apartments (21.44%), row houses and other attached homes (9.92%), duplexes, homes converted to apartments, or other small apartment buildings (3.44%), and a few mobile homes or trailers (0.85%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Chesterfield. Owner-occupied housing accounts for 75.22% of Chesterfield's homes, and 63.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chesterfield built from 1970-1994, 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 from 1940-1969 (13.81%). A lesser amount of the housing stock also hails from 1995 and later (9.00%), and some were built from 1939 and earlier (9.00%).

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 5.73%, which is lower than % of US communities.

Over the last year, Chesterfield appreciation rates have trailed the rest of the nation. In the last twelve months, Chesterfield's appreciation rate has been -1.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chesterfield were at -0.07%, which equates to an annual appreciation rate of -0.28%.

Relative to Missouri, our data show that Chesterfield's latest annual appreciation rate is higher than 8% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. 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 1990, to assist you in making the best Chesterfield real estate investment or home purchase decisions.