Chesterfield, Missouri Housing Market Prices
Chesterfield Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 106% above the Missouri median$299,047
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Median rent 65% above the Missouri median$1,707
Housing Market Overview
| Metric | Chesterfield | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $299,047 | $145,462 | $248,835 |
| Price Trend (Annual %) | 2.5% | 5.2% | 7.5% |
| Median Gross Rent | $1,707 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chesterfield is about 106% higher than in Missouri. Rent is about 65% higher than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Chesterfield, up about 2.5% and 5.5% a year respectively. Rent is changing faster.
Median rent in Chesterfield rose about 57.1% between 2015 and 2024, from $1,087 to $1,707. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Chesterfield.
Buying the median-priced home in Chesterfield costs roughly 14.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chesterfield. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Chesterfield | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $299,047 | $145,462 | $248,835 |
| Median Household Income | $135,501 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chesterfield fell about 45.0%, while median household income rose about 34.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Chesterfield | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.6% | 60.5% | 58.5% |
| Rental Rate | 21.8% | 28.3% | 31.2% |
| Vacancy Rate | 3.6% | 11.2% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Chesterfield has a homeownership rate of 74.6%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 3.6%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Chesterfield | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1983 | 1978 | 1978 |
| Median Number of Rooms | 7.6 | 5.7 | 5.5 |
The typical housing unit in Chesterfield was built around 1983. On average, 2.4 people live in a home with about 7.6 rooms, staying for about 14.0 years on average.
Chesterfield, MO Housing Compared With Nearby Cities
How Chesterfield, MO compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chesterfield, MO | 46,242 | $299,047 #2/2 | $1,707 #1/2 | 77.4% #2/2 |
| Ballwin, MO | 29,596 | $347,669 | $1,442 | 85.0% |
Frequently Asked Questions
Common questions about the housing market in Chesterfield, Missouri.
What is the median home price in Chesterfield, Missouri?
The median home price in Chesterfield, Missouri is $299,047, higher than the Missouri average of $145,462.
What is the average home price in Chesterfield, Missouri?
The typical home price in Chesterfield, Missouri, reported as the median sale price, is $299,047. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Chesterfield, Missouri?
The median gross rent in Chesterfield, Missouri is $1,707 per month, higher than the Missouri average of $1,033.
What was the median gross rent in Chesterfield in 2020?
In 2020, the median gross rent in Chesterfield, Missouri was $1,236 per month.
What is the price-to-rent ratio in Chesterfield, Missouri?
The price-to-rent ratio in Chesterfield, Missouri is about 14.6, meaning it would take roughly 14.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chesterfield.
Are home prices or rent rising faster in Chesterfield, Missouri?
Both home prices and rent are rising in Chesterfield, up about 2.5% and 5.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Chesterfield, Missouri?
74.6% of households in Chesterfield, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Chesterfield, Missouri?
The housing vacancy rate in Chesterfield, Missouri is 3.6%, lower than the Missouri average of 11.2%.
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