diff --git a/charts/stable/esphome/Chart.yaml b/charts/stable/esphome/Chart.yaml
index 723fc20ff96..018e0c0fb70 100644
--- a/charts/stable/esphome/Chart.yaml
+++ b/charts/stable/esphome/Chart.yaml
@@ -7,7 +7,7 @@ annotations:
   truecharts.org/min_helm_version: "3.11"
   truecharts.org/train: stable
 apiVersion: v2
-appVersion: 2024.5.3
+appVersion: 2024.5.4
 dependencies:
   - name: common
     version: 23.0.8
@@ -33,4 +33,4 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/stable/esphome
   - https://hub.docker.com/r/esphome/esphome
 type: application
-version: 20.1.5
+version: 20.1.6
diff --git a/charts/stable/esphome/values.yaml b/charts/stable/esphome/values.yaml
index 6d8bc1b1e98..2092a245342 100644
--- a/charts/stable/esphome/values.yaml
+++ b/charts/stable/esphome/values.yaml
@@ -1,7 +1,7 @@
 image:
   repository: esphome/esphome
   pullPolicy: IfNotPresent
-  tag: 2024.5.3@sha256:84065fd7d6ea53f83dcefa796f3db8deb9112e9efd7466280ce69b32125b6c99
+  tag: 2024.5.4@sha256:29e21efe64d03646530025d056d545485ab9c40a35f3d99e8e0a90d79bde2356
 securityContext:
   container:
     runAsNonRoot: false