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Chester, NJ

Full City Profile · New Jersey · Morris County County

4.2 /5.0
A Great
1,359 Population 855/sq mi density
$152,578 Median Income $80,525 per capita
$640,400 Home Value $637,938 Zillow
$1,337 Median Rent 33.9% income on rent
53°F Avg Temperature 275 sunny days/yr
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.9 / 5.0
$152,578 median income, 2.6% unemployment
A
Affordability
4.3 / 5.0
$640,400 home value, $1,337/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
61.1% bachelor's degree or higher

Housing Overview

Median Home Value
$640,400
127% above
US avg: $281,900
Median Rent
$1,337/mo
15% above
US avg: $1,163/mo
Homeownership Rate
76.3%
17% above US avg (65.4%)
Total Housing Units
596
Median year built: 1971

Home Value by Source

Census Median
$640,400
Zillow (ZHVI)
$637,938
Median Sale Price
$630,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

76.3%
Owner-Occupied
23.7%
Renter-Occupied
76%
24%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $1,337/mo

Market Indicators (Redfin)

Median Days on Market
9 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$575
Active Inventory
2
homes for sale

Affordability & Housing Stock

Rent Burden
33.9%
of renters spending 30%+ of income on housing
9% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
76.3%

Complete Housing Data

Home Values

Census Median Value$640,400
Zillow Home Value (ZHVI)$637,938
Median Sale Price$630,000
Price Per Sq Ft$575

Rent

Census Median Rent$1,337
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market9
Sale-to-List Ratio1.1%
Price Drops0.0%
Homes Sold1
Active Inventory2
Price Per Sq Ft$575

Ownership & Stock

Owner-Occupied76.3%
Renter-Occupied23.7%
Homeownership Rate76.3%
Total Housing Units596
Median Year Built1971
Rent Burden33.9%