Market Overview
Home Prices in Chesterfield, IN
The median home value in Chesterfield, IN is $156,035 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chesterfield are priced62% below average. Chesterfield is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Chesterfield home values have risen by approximately53.6%, reflecting strong long-term appreciation in this market.
Price History
Chesterfield Home Price Trend
City Comparison
Chesterfield vs. National Median
At $156,035, homes in Chesterfield cost 62% below the national median of $410,000. This makes Chesterfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chesterfield?
20% Down Payment
$31,207
on $156,035
Monthly P&I
$814/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,034/mo
incl. taxes & insurance
Income Needed
$41,360
gross annual (30% rule)
10% Down Option
$15,604
+ PMI applies
Loan Amount (20% dn)
$124,828
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chesterfield, IN?
The median home value in Chesterfield is $156,035 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Chesterfield?
Over the past year, home values in Chesterfield have increased by 3.8%. Over five years, prices have risen approximately 53.6%.
How much do I need to earn to buy a home in Chesterfield?
To comfortably afford the median home price of $156,035 with a 20% down payment ($31,207) at today's rates (6.8%), you'd need a gross annual income of approximately $41,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Chesterfield compare to the national average home price?
The national median home value is approximately $410,000. At $156,035, homes in Chesterfield are 62% below the national average.
What metro area is Chesterfield part of?
Chesterfield is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.