The median home in Chesterfield, Michigan is valued at $315,410, up 4.8% year over year. Typical monthly rent is $1,746, producing a price-to-rent ratio of 15.1x — near the national average of 18x. Chesterfield is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$315,410

+4.8%

Rent$1,746/mo

AFFORDABILITY

Enter your income for Chesterfield.

Income (annual)

Down Payment

$63,082 on $315,410

Stretch — 34.1% of income

Above 28% but manageable with cuts.

PITI$2,133

P/I34.1%

Afford$259K

Gap-$57K

P&I $1,595Tax $405Ins $133

Renting $387/mo cheaper ($1,746 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Chesterfield with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

CHESTERFIELD, MI