Chappaqua appreciation rates and housing market information

Chappaqua housing market information

With 11,920 people, 4,085 houses or apartments, and a median cost of homes of $1,250,730, Chappaqua house prices are not only among the most expensive in New York, Chappaqua real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Chappaqua, accounting for 83.87% of the town's housing units. Other types of housing that are prevalent in Chappaqua include row houses and other attached homes (10.50%), duplexes, homes converted to apartments, or other small apartment buildings (3.16%), and a few large apartment complexes or high rise apartments (2.33%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Chappaqua. Owner-occupied housing accounts for 89.87% of Chappaqua's homes, and 66.24% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chappaqua's housing was primarily built during this period, from the '40s through the '60s. A full 40.86% of the town's housing hails from this era. Other housing ages represented in Chappaqua include homes built between 1970-1994 (29.08%), and housing constructed from 1939 and earlier (25.90%). There's also some housing in Chappaqua built between 1995 and later (4.16%).

Chappaqua home appreciation rates

In the last 10 years, Chappaqua has experienced some of the highest home appreciation rates of any community in the nation. Chappaqua real estate appreciated 130.78% over the last ten years, which is an average annual home appreciation rate of 13.07%, putting Chappaqua in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chappaqua definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Chappaqua appreciation rates have trailed the rest of the nation. In the last twelve months, Chappaqua's appreciation rate has been -4.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chappaqua were at -0.81%, which equates to an annual appreciation rate of -3.24%.

Notably, Chappaqua's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Chappaqua's latest annual appreciation rate is higher than 34% of the other cities and towns in New York.