The typical owner-occupied home in Chesterland is worth about $297,800, 39% above the Ohio median of $214,800 and 10% below the national median of $332,700. Owners pay a median $3,994 a year in property taxes, about 1.34% of their home's value, close to the Ohio rate of 1.31%. The median household earns $107,898 a year, so the median home costs 2.8 times the median income (3.0 times for Ohio). 87% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Chesterland at a glance
| Chesterland | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $297,800 | $214,800 | $332,700 |
| Median property tax paid per year | $3,994 | $2,822 | $3,119 |
| Property tax as a share of value | 1.34% | 1.31% | 0.94% |
| Median household income | $107,898 | $71,389 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 54% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,781 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.6% | 21.0% |
| Median rent | $839 | $1,034 | $1,413 |
| Rent as a share of renters' income | 27.1% | 28.3% | 30.6% |
| Median year homes were built | 1967 | 1970 | 1980 |
| Vacant homes | 4.7% | 8.1% | 10.1% |
| Population | 7,086 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Chesterland
At this week's average 30-year rate of 7.11%, buying the median Chesterland home of $297,800 with 20% down costs about $2,059 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,555, 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 $88,255 for the 20%-down payment. That payment is 23% of the median Chesterland household income of $107,898; at that income and 20% down, the 28% guideline points to a home of about $364,000.
The median rent here is $839 a month, so owning the median home costs about $1,220 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,560 |
|---|---|
| Loan amount | $238,240 |
| Principal and interest | $1,603 |
| Property taxes (1.34% a year) | $333 |
| Homeowners insurance (our estimate, 0.5% a year) | $124 |
| PMI | $0 |
| Total per month | $2,059 |
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| Down payment | $10,423 |
|---|---|
| Loan amount | $292,406 |
| Principal and interest | $1,967 |
| Property taxes (1.34% a year) | $333 |
| Homeowners insurance (our estimate, 0.5% a year) | $124 |
| FHA mortgage insurance | $132 |
| Total per month | $2,555 |
Change the numbers in the calculator
Questions about home buying in Chesterland
What is the median home value in Chesterland?
About $297,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chesterland?
Homeowners pay a median $3,994 a year, which is about 1.34% 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 Chesterland?
For the median home with 20% down at 7.11%, the payment is about $2,059 a month. Keeping that under 28% of gross income takes about $88,255 a year.
More about Chesterland
- Mortgage Refinance in Chesterland
- Debt Relief in Chesterland
- Home Equity Loans in Chesterland
- 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