First-Time Home Buyer Guide – Chesterfield, MI (2025 Edition)
- Knybel Network - Real Estate
- Sep 14
- 4 min read
Updated: Sep 15
Why Chesterfield is Attracting First-Time Buyers
Chesterfield Township sits on the western shore of Lake St. Clair and offers a unique mix of suburban convenience, lakefront living, and affordable neighborhoods. For first-time buyers, Chesterfield is especially appealing because:
The median home price in Chesterfield is currently around $280,000 (MLS, Aug 2025), which is more affordable than Shelby Twp ($330K+) but higher than nearby New Haven ($240K).
Chesterfield has direct access to I-94, making it easy for commuters working in Detroit or Troy.
The township feeds into L’Anse Creuse Public Schools and Anchor Bay School District, both of which rank above-average in Macomb County.
For buyers priced out of coastal Oakland County communities, Chesterfield offers a blend of affordability and lifestyle.
Step 1 – Get Your Finances Ready
First-time home buyers in Chesterfield, MI should plan for:
Down payment: FHA loans allow as little as 3.5% down, but local lenders sometimes match with grants.
Property taxes: Average effective tax rate in Chesterfield is 1.65%, which is lower than Shelby Twp but slightly higher than New Baltimore.
Insurance: Lakefront or low-lying neighborhoods (like near Brandenburg Park) often require flood insurance, adding $600–$1,200 annually.
💡 Local tip: Check with Chesterfield Township Assessor’s Office for exact millage rates by subdivision before making an offer.
Step 2 – Explore First-Time Buyer Loan Programs in Michigan
MSHDA (Michigan State Housing Development Authority): Offers up to $10,000 in down payment assistance for qualifying buyers.
Local credit unions: Lake Trust Credit Union and Genisys Credit Union both offer lower PMI rates for Chesterfield buyers.
FHA Loans: Popular among first-time home buyers in Chesterfield
Every neighborhood in Chesterfield has a different character:
Lakefront Communities (Sugarbush, Brandenburg, Anchor Bay): Higher home prices ($350K–$600K), higher insurance, but unbeatable lifestyle.
Subdivisions Off 21 Mile & Gratiot: Popular with families, 3–4 bedroom colonials, strong resale demand.
New Construction along I-94 corridor: Townhomes and ranch-style homes between $260K–$320K, ideal for first-time buyers.
Older starter homes near Chesterfield Shores: Some properties under $220K, but may require updates.
Step 4 – Understand the Closing Process in Chesterfield
Closing costs in Chesterfield, MI typically run 2–4% of the purchase price.
First-time home buyers in Chesterfield should budget for:
Title insurance (required in Macomb County).
Transfer tax (state + county, about $8.60 per $1,000 of purchase price).
Inspections: $400–$600 depending on home size.
Appraisals: $500 average.
Step 5 – Avoid Common Mistakes First-Time Buyers Make in Chesterfield
Skipping flood insurance research – many homes near Salt River and Lake St. Clair require it.
Overlooking HOA fees – subdivisions like Chesterfield Shores have monthly fees ($200–$350).
Underestimating commute times – I-94 can bottleneck near Hall Road (M-59) during rush hour.
Not factoring in lake-effect weather – homes closer to the lake often need higher heating and storm-proofing costs.
Bonus
Local Perks for First-Time Home Buyers in Chesterfield
Parks & Recreation: Brandenburg Park offers lake access, trails, and family-friendly amenities like basketball and pickleball courts, playground, splash pad, and pier!
Shopping & Dining: The 23 Mile Road corridor has major retail and restaurant clusters.
Future Development: A new commercial project along Gratiot is expected to bring more restaurants and retail by 2026, boosting home values nearby.
Final Thoughts for First-Time Home Buyers
Becoming a first-time home buyer in Chesterfield, MI is about balancing affordability with lifestyle. With lakefront access, good schools, and a steady market, Chesterfield is one of Macomb County’s best places for first-time buyers.
👉 If you’re considering Chesterfield, start by connecting with a local lender and exploring neighborhoods near Lake St. Clair and 21 Mile. Ask us about our mortgage partners!
❓ FAQs about Buying Your First Home in Chesterfield, MI
What’s the average price of a starter home in Chesterfield, MI?
Most first-time homes range from $220K–$300K depending on size and proximity to the lake.
Are Chesterfield schools good for families?
Yes, the township is served by L’Anse Creuse and Anchor Bay districts, both highly desirable and rated above average.
What hidden costs should I expect in Chesterfield?
Flood insurance near the lake, HOA fees in subdivisions, and higher winter heating bills.
Is new construction available in Chesterfield?
Yes, especially along the I-94 corridor, with new homes priced around $260K–$320K.
How long does it take to commute from Chesterfield to Detroit?
About 35–45 minutes during normal traffic, but can be an hour during peak rush hour.
Don't wait to begin your journey. Schedule a personalized consultation and discover how Knybel Network - Real Estate can guide you to your first home in Macomb County.
We're eager to understand your needs and help educate you on buying your first home.
📞 Call us today at (586) 295-9550
📩 Email: Office@KnybelNetwork.com
📍 Serving Chesterfield, New Baltimore, and Beyond!
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