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What income do you need to buy in Chestnut Hill?
About $351,000 a year to buy the typical Chestnut Hill home, which sells for about $1,000,000.
- Typical sale price
- $1,000,000Median of 85 sales in the past 12 months
- Income needed
- $351,000A year, before taxes
- Cash needed up front
- $143,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $6,287 |
|---|---|
| Property tax | $1,086 |
| Insurance | $417 |
| Mortgage insurance | $375 |
| Total a month | $8,165 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Up 5.3% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | $1,042,500 | 16 |
| Q2 2025 | $950,000 | 36 |
| Q3 2025 | $925,000 | 23 |
| Q4 2025 | $1,025,000 | 32 |
| Q1 2026 | $1,360,000 | 21 |
| Q2 2026 | $850,000 | 25 |
| Q3 2026 | $950,000 | 17 |
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- Andorra $415,000
- Mount Airy, West $578,000
- Mount Airy, East $310,000
Questions about buying in Chestnut Hill
What income do you need to buy a home in Chestnut Hill?
About $351,000 a year for the typical Chestnut Hill price of $1,000,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Chestnut Hill?
About $143,000 up front at the typical price: 10% down ($100,000), your share of the transfer tax ($22,890) and closing costs ($20,000).
What does a typical home in Chestnut Hill cost per month?
A typical Chestnut Hill home costs about $8,165 a month all in: principal and interest $6,287, property tax $1,086, insurance $417, mortgage insurance $375. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 85 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.