Total monthly cost of ownership
Cost to Own a Home in Chesterfield, Indiana
A $102,000 home here costs
$956per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $524. The real number is $432 higher every month — 82% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Chesterfield against Madison County and Indiana
| Measure | Chesterfield | Madison County |
|---|---|---|
| Median home value | $102,300 | $147,700 |
| Median property tax | $872 | $1,128 |
| Effective tax rate | 0.852% | 0.764% |
| Median gross rent | $957 | $926 |
| Population | 2,733 | 130,949 |
Chesterfield extends across 2 counties. Figures here use Madison County, where most of its housing sits.
The weather behind that power bill
Chesterfield sits in Madison County, which averages a high of 83.8°F in its hottest month and a low of 20.7°F in its coldest, with 43.76" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 977 cooling and 5,473 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Madison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
Full Madison County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Chesterfield?
A $102,000 home in Chesterfield, Indiana costs approximately $956 per month with 20% down at 6.66%. That is $524 principal and interest, $72 property tax, $44 homeowners insurance, $231 utilities and $85 set aside for maintenance.
What is the property tax rate in Chesterfield?
Chesterfield has an effective property tax rate of 0.852%, based on a median home value of $102,300 and median real estate taxes of $872. That is higher than the Madison County average of 0.764%.
What is the average home price in Chesterfield?
The median owner-occupied home value in Chesterfield, Indiana is $102,300, against $147,700 across Madison County.
Is it cheaper to rent or buy in Chesterfield?
Median gross rent in Chesterfield is $957 a month, against $956 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chesterfield — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.