Chesterfield, MO 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Chesterfield, MO Housing Market Trends

With 47,538 people, 19,209 houses or apartments, and a median cost of homes of $426,403, 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 76.50% of Chesterfield's homes, and 62.82% 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 ( 14.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.91%).

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 2.65% 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 4.34%, 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 1.35%, which equates to an annual appreciation rate of 5.50%.

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:
$426,403

Chesterfield, MO HOME PRICES

> $1,115,000
2.1%
2.1%
$836,001 - $1,115,000
5.2%
5.2%
$557,001 - $836,000
17.6%
17.6%
$446,001 - $557,000
20.0%
20.0%
$335,001 - $446,000
30.7%
30.7%
$223,001 - $335,000
16.8%
16.8%
$112,001 - $223,000
5.8%
5.8%
$56,001 - $112,000
0.9%
0.9%
$0 - $56,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MO

Value Relative To Nation

Number Of Homes And Apartments:
19,209

Chesterfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
58.05% 2.18%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,634 / per month

Homeownership Rate

Owners
76.5%
76.5%
Renters
23.5%
23.5%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.9%
12.9%
1970 - 1999
72.1%
72.1%
1940 - 1969
14.2%
14.2%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.6%
62.6%
Townhomes
13.1%
13.1%
Small Apt. Buildings
3.9%
3.9%
Apt. Complexes
19.7%
19.7%
Mobile Homes
0.6%
0.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
8.7%
8.7%
2 Bedrooms
17.5%
17.5%
3 Bedrooms
21.2%
21.2%
4 Bedrooms
41.6%
41.6%
5 or more bedrooms
9.3%
9.3%
0.0% 100.0%
% OF HOMES