Chester, NJ—07930
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chester, NJ
As of Oct '25, the median home price in Chester, NJ is $894,000, with a year-over-year change of 3.0%. This indicates that home prices in Chester, NJ are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $894,000 | 3.0% |
| Single Family | $912,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $742,000 | 3.6% |
4 Bed | $1,024,000 | 4.0% |
| 5 Bed | $1,394,000 | 5.2% |
% of Housing Stock
Rental Trends — Chester, NJ
As of July '25, Rentcast reports the average rent in Chester, NJ is $4,310, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Chester, NJ is 1-bedrooms: $2,400, 3-bedrooms: $3,880, 4-bedrooms: $5,880. The most common rental property sizes in Chester, NJ are 1-bedroom and 2-bedroom, accounting for 40.6% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $4,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,300 | $2,400 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,800 | $3,880 |
| 4 Bed Rent | $6,750 | $5,880 |
% of Rental Stock
Property Listings — Chester, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Chester, NJ is 43. This is a increase of 55.0% from last year, suggesting that homes are sitting on the market longer 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 | $1,240,000 | 0.0% |
Listing Count | 28 | -12.0% |
| Listings as % of Homes | 0.9% | -12.0% |
Days on Market | 43 | 55.0% |
Demographics — Chester, NJ
As of the latest ACS Survey released in 2023, Chester, NJ has a population of 8,200, which has decreased by -1.8% over the past 5 years. Chester, NJ is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 69.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,200 | -1.8% |
% Under 18 | 24.2% | -2.0% |
% Seniors | 15.4% | -6.7% |
% WFH | 26.1% | 392.5% |
% w/ College Degree | 69.4% | 0.0% |
As of the latest ACS Survey released in 2023, Chester, NJ is a predominantly white area, with 86.9% of the population identifying as white. The white population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in Chester, NJ is hispanic, making up 4.8% of the population. Foreign-born residents account for 8.4% of the population in Chester, NJ, and this percentage has decreased by 32.8% 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 | 86.9% | 6.5% |
% Black | 1.3% | -18.8% |
% Hispanic | 4.8% | -42.9% |
% Asian | 3.4% | -29.2% |
% Foreign Born | 8.4% | -32.8% |
Mortgage and Risk — Chester, NJ
According to HUD data as of 2023, there were 181 mortgage originations in Chester, NJ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Chester, NJ. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Chester, NJ
Chester, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $2,300 | $2,080 |
| 2 Bedroom | N/A | N/A | $2,520 |
| 3 Bedroom | -$630 | $3,800 | $3,170 |
| 4 Bedroom | -$3,140 | $6,750 | $3,610 |
Affordability — Chester, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $894,000 |
| Median Household Income | $238,000 |