Chesterfield Township, NJ—08515
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chesterfield Township, NJ
As of Oct '25, the median home price in Chesterfield Township, NJ is $700,000, with a year-over-year change of 2.8%. This indicates that home prices in Chesterfield Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $700,000 | 2.8% |
| Single Family | $704,000 | 2.9% |
| 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 | $542,000 | 4.8% |
4 Bed | $761,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chesterfield Township, NJ
As of July '25, Rentcast reports the average rent in Chesterfield Township, NJ is $3,490, with a year-over-year rent change of -13.8%. Per bedroom, the median rent as of July '25 in Chesterfield Township, NJ is 1-bedrooms: $1,450, 3-bedrooms: $3,500, 4-bedrooms: $4,000. The most common rental property sizes in Chesterfield Township, NJ are 3-bedroom and 1-bedroom, accounting for 36.8% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | $3,800 | $4,000 |
% of Rental Stock
Property Listings — Chesterfield Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Chesterfield Township, NJ is 33. This is a decrease of -52.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | 2.0% |
Listing Count | 29 | 28.0% |
| Listings as % of Homes | 0.6% | 28.0% |
Days on Market | 33 | -52.0% |
Demographics — Chesterfield Township, NJ
As of the latest ACS Survey released in 2023, Chesterfield Township, NJ has a population of 8,170, which has increased by 27.7% over the past 5 years. Chesterfield Township, NJ is a popular place for families, as children make up 28.1% of the population. The area has a highly educated workforce, with 67.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,170 | 27.7% |
% Under 18 | 28.1% | 7.3% |
% Seniors | 11.0% | 19.6% |
% WFH | 25.8% | 174.5% |
% w/ College Degree | 67.3% | 58.4% |
As of the latest ACS Survey released in 2023, Chesterfield Township, NJ is a predominantly white area, with 52.2% of the population identifying as white. The white population has shrunk by 18.1% in the last 5 years. The second most common race or ethnicity in Chesterfield Township, NJ is asian, making up 32.8% of the population. Foreign-born residents account for 24.0% of the population in Chesterfield Township, NJ, and this percentage has increased by 66.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.2% | -18.1% |
% Black | 5.6% | -48.1% |
% Hispanic | 4.3% | -55.7% |
% Asian | 32.8% | 114.4% |
% Foreign Born | 24.0% | 66.7% |
Mortgage and Risk — Chesterfield Township, NJ
According to HUD data as of 2023, there were 115 mortgage originations in Chesterfield Township, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Chesterfield Township, NJ. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Chesterfield Township, NJ
Chesterfield Township, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $820 | $1,450 | $2,270 |
| 2 Bedroom | N/A | N/A | $2,700 |
| 3 Bedroom | -$250 | $3,500 | $3,250 |
| 4 Bedroom | -$100 | $3,800 | $3,700 |
Affordability — Chesterfield Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $700,000 |
| Median Household Income | $194,000 |