Compare Chester, VA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Chester.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Chester. Plus, shopping lenders is free and there is no obligation.
August 18, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Chester. Understand how much you need to earn to afford a home in Chester, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Chester fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Chester is right for you.
The median home value for Chester, VA (Chesterfield County) is $343,866
Based on current mortgage rates and a 10% down payment, you need to make $71,736 per year to buy the median priced home in Chester
With this income, you could qualify for a $309,479 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Chester is $1,661
The median household income for Chester, VA (Chesterfield County) is $87,049
Based on this income, you can afford a home valued at approximately $417,267
The home price you can afford to buy based on household income in Chester is 121% of the median home value which means housing prices are average. Chester (Chesterfield County) ranks 80 out of 133 counties in Virginia and 2,480 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Chester, VA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Chester (Chesterfield County) below.
Conforming loan limits for Chester, VA
FHA loan limits for Chester, VA