The typical owner-occupied home in Chesterfield is worth about $472,500, 2.1 times the Missouri median of $230,300 and 42% above the national median of $332,700. Owners pay a median $5,449 a year in property taxes, about 1.15% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $133,037 a year, so the median home costs 3.6 times the median income (3.3 times for Missouri). 78% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Chesterfield at a glance
| Chesterfield | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $472,500 | $230,300 | $332,700 |
| Median property tax paid per year | $5,449 | $1,948 | $3,119 |
| Property tax as a share of value | 1.15% | 0.85% | 0.94% |
| Median household income | $133,037 | $70,702 | $80,734 |
| Homes lived in by their owners | 78% | 68% | 65% |
| Owner homes with a mortgage | 62% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,464 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.0% | 21.0% |
| Median rent | $1,644 | $1,033 | $1,413 |
| Rent as a share of renters' income | 23.8% | 28.1% | 30.6% |
| Median year homes were built | 1982 | 1978 | 1980 |
| Vacant homes | 3.7% | 11.2% | 10.1% |
| Population | 49,574 | 6,191,814 | 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 $472,500 with 20% down costs about $3,193 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,980, 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 $136,822 for the 20%-down payment. That payment is 29% of the median Chesterfield household income of $133,037; at that income and 20% down, the 28% guideline points to a home of about $459,000.
The median rent here is $1,644 a month, so owning the median home costs about $1,549 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $94,500 |
|---|---|
| Loan amount | $378,000 |
| Principal and interest | $2,543 |
| Property taxes (1.15% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $197 |
| PMI | $0 |
| Total per month | $3,193 |
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| Down payment | $16,538 |
|---|---|
| Loan amount | $463,942 |
| Principal and interest | $3,121 |
| Property taxes (1.15% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $197 |
| FHA mortgage insurance | $209 |
| Total per month | $3,980 |
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Questions about home buying in Chesterfield
What is the median home value in Chesterfield?
About $472,500 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 $5,449 a year, which is about 1.15% 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 $3,193 a month. Keeping that under 28% of gross income takes about $136,822 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