The typical owner-occupied home in Chesterfield is worth about $86,000, 67% below the Illinois median of $263,300 and 74% below the national median of $332,700. Owners pay a median $964 a year in property taxes, about 1.12% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $60,000 a year, so the median home costs 1.4 times the median income (3.2 times for Illinois). 97% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Chesterfield at a glance
| Chesterfield | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $86,000 | $263,300 | $332,700 |
| Median property tax paid per year | $964 | $5,298 | $3,119 |
| Property tax as a share of value | 1.12% | 2.01% | 0.94% |
| Median household income | $60,000 | $83,390 | $80,734 |
| Homes lived in by their owners | 97% | 67% | 65% |
| Owner homes with a mortgage | 41% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $895 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 13.8% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1938 | 1971 | 1980 |
| Vacant homes | 19.0% | 7.7% | 10.1% |
| Population | 201 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Chesterfield
At this week's average 30-year rate of 7.11%, buying the median Chesterfield home of $86,000 with 20% down costs about $579 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $722, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $24,811 for the 20%-down payment. That payment is 12% of the median Chesterfield household income of $60,000; at that income and 20% down, the 28% guideline points to a home of about $208,000.
| Down payment | $17,200 |
|---|---|
| Loan amount | $68,800 |
| Principal and interest | $463 |
| Property taxes (1.12% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $579 |
Change the numbers in the calculator
| Down payment | $3,010 |
|---|---|
| Loan amount | $84,442 |
| Principal and interest | $568 |
| Property taxes (1.12% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $722 |
Change the numbers in the calculator
Questions about home buying in Chesterfield
What is the median home value in Chesterfield?
About $86,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chesterfield?
Homeowners pay a median $964 a year, which is about 1.12% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Chesterfield?
For the median home with 20% down at 7.11%, the payment is about $579 a month. Keeping that under 28% of gross income takes about $24,811 a year.
More about Chesterfield
- Mortgage Refinance in Chesterfield
- Debt Relief in Chesterfield
- Home Equity Loans in Chesterfield
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data