Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,353 people, 525 houses or apartments, and a median cost of homes of $179,962, house prices in Chesterfield are solidly below the national average.
Single-family detached homes are the single most common housing type in Chesterfield, accounting for 81.79% of the town's housing units. Other types of housing that are prevalent in Chesterfield include large apartment complexes or high rise apartments ( 9.41%), mobile homes or trailers ( 4.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.64%).
The most prevalent building size and type in Chesterfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.83% owning and 37.17% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chesterfield's housing was primarily built during this period, from the '40s through the '60s. A full 39.61% of the town's housing hails from this era. Other housing ages represented in Chesterfield include homes built between 1970-1999 ( 33.54%) and housing constructed before 1939 ( 25.64%). There's also some housing in Chesterfield built between 2000 and later ( 1.21%).
Vacant housing appears to be an issue in Chesterfield. Fully 20.33% of the housing stock is classified as vacant. Left unchecked, vacant Chesterfield homes and apartments can be a drag on the real estate market, holding Chesterfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Chesterfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.22%, which ranks in the top 30% nationwide. This equates to an annual average Chesterfield house appreciation rate of 7.66%.
Appreciation rates are so strong in Chesterfield that despite a nationwide downturn in the housing market, Chesterfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chesterfield appreciation rates continue to be some of the highest in America, at 10.94%, which is higher than appreciation rates in 90.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chesterfield. Chesterfield appreciation rates in the latest quarter were at 0.52%, which equates to an annual appreciation rate of 2.08%.
Notably, Chesterfield's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Chesterfield's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.
$179,962
for South carolina
for nation
525
$1,522 / per month