The housing in Chester borough, NJ is more expensive than the US median value, with an average price of $588,900. However, the appreciation rate for homes in this area is lower than the national one-year appreciation rate of 8.27%, coming in at 6.48%. Despite being more expensive than other parts of the country, Chester borough still offers a good value proposition for potential buyers interested in investing in property.
The median home cost in Chester borough is $588,900. Home appreciation the last 10 years has been 44.3%. Home Appreciation in Chester borough is up 12.1%.
Average Age of Homes
- The median age of Chester borough real estate is 44 years old
The Rental Market in Chester borough
- Renters make up 20.9% of the Chester borough population
- 1.4% of houses and apartments in Chester borough, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.