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Chester

Learn about the people, housing, costs and businesses in Chester, Montana

Median Home$169,100
Median Rent$710/month
Population844
Leading IndustriesArts, Food & Hospitality · Public Administration · Professional Services9% arts, food & hospitality
Young Adults33% of residentswell above average
Homeowners63% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHighly Educated23% bachelor's · 12% graduate · top 23% nationally
Chester
MT

Frequently Asked Questions

What are today's mortgage rates in Chester?

As of today, the 30-year fixed mortgage rate for Chester is approximately 6.891% (6.927% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chester?

The median home value in Chester is $169k. The median monthly rent is $710. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Chester?

Based on a typical all-in ownership cost of $725/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chester is $58k/year.

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What industries drive the economy in Chester?

The largest employment sectors in Chester are public administration (27%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.