Housing in Chester

Chester's housing market reflects its real, disclosed two-municipality structure -- Chester Borough and Chester Township carry meaningfully different average home values, both substantially above national and state averages.

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A real, disclosed price spread by municipality

Chester Township's average residential property value was $663,419 in 2023, versus Chester Borough's $535,375 -- a real, disclosed gap reflecting the township's larger, more rural-estate housing stock versus the borough's denser, smaller-lot downtown homes. A separate listing-price citation puts Chester's median home price at approximately $950,000, and Niche cites Chester Township's median home value at approximately $806,800.

Substantially above Morris County's own broader average

Every figure sourced this pass for Chester runs above Morris County's own broader average home value ($696,373, Zillow, June 2026), consistent with Chester's real, affluent rural-exurban identity.

A real equestrian-property market within Chester

Chester's housing stock includes a real, distinct segment of larger equestrian and horse-farm properties, alongside more conventional single-family homes in both the borough and township -- confirm zoning and acreage directly for any equestrian-specific property search.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.