Market Overview
Home Prices in Chester, MT
The median home value in Chester, MT is $215,453 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 11% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chester are priced47% below average.
Over the past five years, Chester home values have risen by approximately29.0%, reflecting strong long-term appreciation in this market.
Price History
Chester Home Price Trend
2020
$142,511
$143K
—
2021
$166,955
$167K
+17.2%
2022
$195,102
$195K
+16.9%
2023
$193,256
$193K
-0.9%
2024
$190,721
$191K
-1.3%
2025
$211,613
$212K
+11.0%
2026
$215,453
$215K
+1.8%
City Comparison
Chester vs. National Median
🏠 Chester
$215,453
National Median
$410,000
At $215,453, homes in Chester cost 47% below the national median of $410,000. This makes Chester a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chester?
20% Down Payment
$43,091
on $215,453
Monthly P&I
$1,124/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,427/mo
incl. taxes & insurance
Income Needed
$57,080
gross annual (30% rule)
10% Down Option
$21,545
+ PMI applies
Loan Amount (20% dn)
$172,362
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 Chester, MT?
The median home value in Chester is $215,453 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Chester?
Over the past year, home values in Chester have increased by 1.8%. Over five years, prices have risen approximately 29.0%.
How much do I need to earn to buy a home in Chester?
To comfortably afford the median home price of $215,453 with a 20% down payment ($43,091) at today's rates (6.8%), you'd need a gross annual income of approximately $57,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Chester compare to the national average home price?
The national median home value is approximately $410,000. At $215,453, homes in Chester are 47% below the national average.