Home prices
The median home in Chester costs $474,200. Compared to nearby areas this is approximately $89,480 (15%) lower.It is about $256,700 (118%) higher in comparison to the entire country, and compared to the city of New York it is approximately $131,800 (21%) lower.
Rents
Chester's median rent is $1,500 per month. Compared to nearby areas this is approximately $325 (17%) lower.It is about $438 (41%) higher compared to the US as a whole, and is approximately $57 (3%) higher in comparison to the city of New York.
Nearby places
Long Valley
Long Valley is roughly 3 miles west of Chester. The real estate prices there are a little less expensive. Long Valley's median home price is $394,200, which is $80,000 (20%) lower than Chester. Rent there is a bit more expensive. Long Valley's median monthly rent is $1,979, which is $479 (24%) higher than Chester.
Mendham
Mendham is about 4 miles east from Chester. The real estate prices there are somewhat more expensive. The value of the median home in Mendham is $662,300, which comes out to $188,100 (28%) higher than Chester. The rent there is a bit more expensive. In Mendham the median rent is $1,581 per month, which works out to $81 (5%) higher than Chester.
Succasunna
Succasunna is about 4 miles north from Chester. Housing prices there are a bit less expensive. Succasunna's median home value is $399,500, which works out to $74,700 (18%) lower than Chester. The rent there is substantially more expensive. In Succasunna the median monthly rent is $2,250, which is $750 (33%) higher than Chester.
Peapack and Gladstone
Peapack and Gladstone is roughly 5 miles south from Chester. Real estate prices there are a little more expensive. The median home in Peapack and Gladstone is valued at $680,900, which comes out to $206,700 (30%) higher than Chester. Its rents are similar. In Peapack and Gladstone the median monthly rent is $1,526, which comes out to $26 (1%) higher than Chester.
Bernardsville
Bernardsville is roughly 6 miles southeast of Chester. Its housing prices are a little more expensive. Bernardsville's median home price is $681,500, which works out to $207,300 (30%) higher than Chester. The rent there is a bit more expensive. The median monthly rent in Bernardsville is $1,787, which is $287 (16%) higher than Chester.
