Chappaqua, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chappaqua, NY Real Estate Data


Chappaqua Housing Market Information

With a population of 1,469, 497 total housing units (homes and apartments), and a median house value of $1,014,108, 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 65.43% of the town's housing units. Other types of housing that are prevalent in Chappaqua include large apartment complexes or high rise apartments ( 22.07%), duplexes, homes converted to apartments or other small apartment buildings ( 10.55%), and a few row houses and other attached homes ( 1.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chappaqua. Owner-occupied housing accounts for 74.65% of Chappaqua's homes, and 48.63% have either three or four bedrooms, which is average sized relative to America.

The housing in Chappaqua was primarily built before 1939 ( 45.12%), making the housing stock in Chappaqua some of the oldest overall in America, although there is a range of ages of homes in Chappaqua. The next most important housing age is between 1940-1969 ( 25.20%), followed by between 1970-1999 ( 23.44%). There's also some housing in Chappaqua built between 2000 and later ( 6.25%).

Chappaqua Home Appreciation Rates

Appreciation rates for homes in Chappaqua have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.46%, which ranks in the top 50% nationwide. This equates to an annual average Chappaqua house appreciation rate of 0.34%.

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 3.26%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Chappaqua's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$1,014,108

Chappaqua, NY HOME PRICES

Value Range
> $1,098,000 41.3
$823,001 - $1,098,000 15.2
$549,001 - $823,000 26.5
$439,001 - $549,000 5.5
$329,001 - $439,000 6.0
$220,001 - $329,000 4.0
$109,001 - $220,000 0.8
$55,001 - $109,000 0.0
$0 - $55,000 0.7

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
1.14188674825789 3.47923681257015

Number Of Homes And Apartments:
497

Rent & Ownership

 

Average Market Rent:
$2,567 / per month

Homeownership Rate

Homeownership
Owners 74.65
Renters 25.35
Vacant 2.93

Housing Market Details

 

Age of Homes

AGE OF Chappaqua HOMES
2000 or Newer 6.3
1970 - 1999 23.4
1940 - 1969 25.2
1939 or Older 45.1

Types of Homes

TYPE OF Chappaqua HOMES
Single-Family 65.4
Townhomes 2.0
Small Apt. Buildings 10.5
Apt. Complexes 22.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chappaqua HOMES
No Bedroom 0.00
1 Bedroom 6.25
2 Bedrooms 33.98
3 Bedrooms 34.96
4 Bedrooms 13.67
5 or more bedrooms 11.13

Chappaqua Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
54.09% 2.58% 5 7
* 10 is highest