Chestnut Hill, MA

Chestnut Hill is a suburban town located in the Boston metropolitan area. The population of Chestnut Hill was 38,856 as of the 2010 census. Chestnut Hill is home to many prestigious schools, including Boston Latin School, Berklee College of Music, and The Choate School. Chestnut Hill is also home to some world-renowned businesses, such as Fidelity Investments and TD Bank.

Real estate in Chestnut Hill is very expensive compared to other parts of the Boston area. The median sale price for a single family home in Chestnut Hill was $1,085,000 in 2016. This is much higher than the median sale price for a single family home in neighboring Lexington ($739,000) or Cambridge ($1 million). However, despite being quite expensive, there are still plenty of homes available for purchase in Chestnut Hill. In fact, according to Zillow’s 2018 Home Value Index report (which measures the value of homes across the U.S.), the average home value in Chestnut Hill was $1,468,200 – which placed it at number 9 out of all 50 Massachusetts towns surveyed!

One reason why real estate prices are so high in Chestnut Hill is that there are a lot of luxury homes available for purchase here. For example, according to Zillow’s 2018 Home Value Index report (which measures the value of homes across the U.S.), one third (33%)of all homes sold in Chestnut Hill were classified as “luxury” homes – which means they have an average sale price above $2 million! This high concentration of luxury homes has made it difficult for lower-income families to afford a house here – even though there are still plenty of affordable options available on the market.

Despite being quite expensive overall, Chestnut Hills does have some great features that make it an attractive place to live – such as its close proximity to downtown Boston and its many prestigious schools. Plus, with prices continuing to rise throughout much of Massachusetts – especially near major cities like Boston – it might be worth considering moving to Chestnut Hills if you're looking for an affordable but luxurious lifestyle!