Chester, CT—06412
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chester, CT
As of Oct '25, the median home price in Chester, CT is $513,000, with a year-over-year change of 13.4%. This indicates that home prices in Chester, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $513,000 | 13.4% |
| Single Family | $519,000 | 13.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $421,000 | 11.4% |
3 Bed | $515,000 | 13.4% |
4 Bed | $651,000 | 14.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chester, CT
As of July '25, Rentcast reports the average rent in Chester, CT is $2,030, with a year-over-year rent change of -15.4%. Per bedroom, the median rent as of July '25 in Chester, CT is 1-bedrooms: $1,800, 2-bedrooms: $2,500. The most common rental property sizes in Chester, CT are 1-bedroom and 2-bedroom, accounting for 39.0% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chester, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Chester, CT is 37. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $662,000 | 3.0% |
Listing Count | 17 | 2.0% |
| Listings as % of Homes | 0.3% | 2.0% |
Days on Market | 37 | -25.0% |
Demographics — Chester, CT
As of the latest ACS Survey released in 2023, Chester, CT has a population of 3,790, which has decreased by -11.3% over the past 5 years. Chester, CT is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 42.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,790 | -11.3% |
% Under 18 | 17.6% | -7.4% |
% Seniors | 25.3% | 5.0% |
% WFH | 15.4% | -8.9% |
% w/ College Degree | 42.8% | 3.1% |
As of the latest ACS Survey released in 2023, Chester, CT is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Chester, CT is hispanic, making up 6.9% of the population. Foreign-born residents account for 5.1% of the population in Chester, CT, and this percentage has decreased by 7.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.3% | -8.6% |
% Black | 1.8% | 157.1% |
% Hispanic | 6.9% | 115.6% |
% Asian | 0.1% | -94.7% |
% Foreign Born | 5.1% | -7.3% |
Mortgage and Risk — Chester, CT
According to HUD data as of 2023, there were 66 mortgage originations in Chester, CT, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Chester, CT. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Chester, CT
Chester, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$460 | $1,800 | $1,340 |
| 2 Bedroom | -$800 | $2,500 | $1,700 |
| 3 Bedroom | N/A | N/A | $2,050 |
| 4 Bedroom | N/A | N/A | $2,430 |
Affordability — Chester, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $513,000 |
| Median Household Income | $94,600 |