Chesterfield, MI Housing

The housing market in Chesterfield, MI is thriving. The median value of homes in the area is $270,400, which is lower than the US median house value of $338,100. In the past year, house appreciation has increased by 7.58%, while the national rate of house appreciation was 8.27%. This indicates that Chesterfield real estate has been a sound investment over the last year and will likely continue to be so into the future.

The median home cost in Chesterfield is $270,400. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Chesterfield is up 10.8%.

Average Age of Homes

- The median age of Chesterfield real estate is 26 years old

The Rental Market in Chesterfield

- Renters make up 17.6% of the Chesterfield population
- 0.2% of houses and apartments in Chesterfield, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chesterfield, Michigan	United States
	18,272.0	139,647,020.0
	29	42
	$270,400	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$14.12	$10.98
	$3,154	$2,690
	78.3%	57.4%
	3.7%	11.2%
	17.9%	31.4%
Vacant Housing
	0.2%	1.9%
	0.3%	0.4%
	1.0%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	5.6%	2.6%
	2.1%	2.4%
	0.6%	2.8%
	1.0%	3.9%
	2.7%	4.5%
	9.2%	11.3%
	17.7%	13.0%
	41.1%	20.1%
	13.1%	13.6%
	4.0%	8.3%
	2.1%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	21.8%	13.6%
	21.8%	13.6%
	26.7%	13.6%
	16.0%	13.2%
	15.9%	14.8%
	26.7%	13.6%
	5.8%	10.0%
	1.0%	4.7%
	1.2%	12.2%