Cheektowaga appreciation rates and housing market information

Cheektowaga housing market information

With 79,986 people, 35,823 houses or apartments, and a median cost of homes of $138,084, house prices in Cheektowaga are solidly below the national average.

single-family detached homes are the single most common housing type in Cheektowaga, accounting for 60.98% of the town's housing units. Other types of housing that are prevalent in Cheektowaga include duplexes, homes converted to apartments, or other small apartment buildings (25.17%), large apartment complexes or high rise apartments (8.85%), mobile homes or trailers (3.01%), and a few row houses and other attached homes (1.98%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Cheektowaga. Owner-occupied housing accounts for 67.71% of Cheektowaga's homes, and 61.15% 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. Cheektowaga's housing was primarily built during this period, from the '40s through the '60s. A full 66.84% of the town's housing hails from this era. Other housing ages represented in Cheektowaga include homes built between 1970-1994 (21.12%), and housing constructed from 1939 and earlier (10.66%). There's also some housing in Cheektowaga built between 1995 and later (1.38%).

Cheektowaga home appreciation rates

Cheektowaga's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cheektowaga during the period has been just 4.88%, which is lower than % of US communities.

Appreciation rates are so strong in Cheektowaga that despite a nationwide downturn in the housing market, Cheektowaga real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cheektowaga appreciation rates continue to be some of the highest in America, at 3.87%, which is higher than appreciation rates in 83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cheektowaga. Cheektowaga appreciation rates in the latest quarter were at 2.49%, which equates to an annual appreciation rate of 9.96%.

Importantly, this makes Cheektowaga one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New York, our data show that Cheektowaga's latest annual appreciation rate is higher than 84% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Cheektowaga differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cheektowaga - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Cheektowaga real estate investment or home purchase decisions.