Chesterfield MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Chesterfield, MO Real Estate Data

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chesterfield Housing Market Information

With a population of 47,644, 19,281 total housing units (homes and apartments), and a median house value of $421,263, 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.

Chesterfield is a city 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 75.91% of Chesterfield's homes, and 63.68% 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 1940-1969 ( 14.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.16%).

Chesterfield Home Appreciation Rates

Real estate appreciation rates in Chesterfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.16% during the period.

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 3.26%, 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 0.65%, which equates to an annual appreciation rate of 2.61%.

Relative to Missouri, our data show that Chesterfield's latest annual appreciation rate is lower than 80% 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 2000, to assist you in making the best Chesterfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$421,263

Chesterfield, MO HOME PRICES

Value Range
> $1,131,000 1.8
$849,001 - $1,131,000 4.6
$566,001 - $849,000 17.1
$452,001 - $566,000 18.2
$339,001 - $452,000 30.9
$226,001 - $339,000 18.9
$113,001 - $226,000 6.0
$56,001 - $113,000 1.0
$0 - $56,000 1.4

Very High for MO
Very High for Nation

Value Relative to Nation Value Relative to State
11.0481751824818 2.4

Number Of Homes And Apartments:
19,281

Chesterfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
54.22% 2.14%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,492 / per month

Homeownership Rate

Homeownership
Owners 75.91
Renters 24.09
Vacant 3.97

Housing Market Details

 

Age of Homes

AGE OF Chesterfield HOMES
2000 or Newer 12.2
1970 - 1999 72.7
1940 - 1969 14.3
1939 or Older 0.8

Types of Homes

TYPE OF Chesterfield HOMES
Single-Family 62.2
Townhomes 13.7
Small Apt. Buildings 3.8
Apt. Complexes 19.6
Mobile Homes 0.6
Other 0.1

Home Size

SIZE OF Chesterfield HOMES
No Bedroom 1.79
1 Bedroom 8.38
2 Bedrooms 17.28
3 Bedrooms 21.52
4 Bedrooms 42.16
5 or more bedrooms 8.87