Mortgage Rates in Chesterfield, Missouri — March 2026
Updated March 2026 | Based on Chesterfield market data and regional lending conditions
Chesterfield is a growing city in Missouri with a population of 47,484. The current 30-year fixed mortgage rate in Chesterfield is 6.82%, which is 0.17% above the national average. With a median home price of $174,000 and a 20% down payment of $34,800, homebuyers can expect a monthly principal and interest payment of approximately $909.
Current Mortgage Rates in Chesterfield, MO
Below are the current average mortgage rates available in the Chesterfield area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Chesterfield Housing Market Overview
The Chesterfield housing market offers relatively affordable housing compared to many major cities. The median household income in Chesterfield is $50,200, and the cost of living index is 86.8 (national average = 100). Based on the 28% affordability rule, the median income in Chesterfield is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Chesterfield
Based on the median home price of $174,000 with 20% down ($34,800), here is what you can expect to pay monthly in Chesterfield:
15-Year vs. 30-Year Mortgage in Chesterfield
Choosing a 15-year mortgage in Chesterfield at 6.05% instead of a 30-year at 6.82% would save you $115,200 in total interest over the life of the loan. However, your monthly payment would be $1,178 instead of $909 — an increase of $269 per month.
Calculate Your Chesterfield Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Chesterfield
What are the current mortgage rates in Chesterfield, MO?
As of March 2026, the average 30-year fixed mortgage rate in Chesterfield, Missouri is 6.82%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Chesterfield?
Based on the median home price of $174,000 with 20% down, the estimated monthly mortgage payment in Chesterfield is $909 for principal and interest. Including property taxes of $149/month, the total monthly housing cost is approximately $1,058.
What income do I need to buy a home in Chesterfield?
Using the 28% rule, you would need an annual income of approximately $45,343 to afford the median-priced home in Chesterfield at $174,000. The median household income in Chesterfield is $50,200. The median income is currently sufficient to meet this threshold.
Is Chesterfield a good place to buy a home in 2026?
Chesterfield offers a below-average cost of living with a cost of living index of 86.8 (national average = 100). The property tax rate in Missouri is 1.03%, which is near the national average. Chesterfield has a population of 47,484 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Chesterfield, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.