Chateaugay, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chateaugay, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chateaugay Housing Market Information

With 820 people, 294 houses or apartments, and a median cost of homes of $98,756, house prices in Chateaugay are solidly below the national average.

Single-family detached homes are the single most common housing type in Chateaugay, accounting for 62.16% of the village's housing units. Other types of housing that are prevalent in Chateaugay include duplexes, homes converted to apartments or other small apartment buildings ( 20.81%), large apartment complexes or high rise apartments ( 11.08%), and a few mobile homes or trailers ( 5.41%).

The most prevalent building size and type in Chateaugay are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.29% owning and 41.71% renting.

The housing in Chateaugay was primarily built before 1939 ( 65.41%), making the housing stock in Chateaugay some of the oldest overall in America, although there is a range of ages of homes in Chateaugay. The next most important housing age is between 1940-1969 ( 15.68%), followed by between 1970-1999 ( 14.59%). There's also some housing in Chateaugay built between 2000 and later ( 4.32%).

Vacant housing appears to be an issue in Chateaugay. Fully 20.54% of the housing stock is classified as vacant. Left unchecked, vacant Chateaugay homes and apartments can be a drag on the real estate market, holding Chateaugay real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Chateaugay Home Appreciation Rates

Appreciation rates for homes in Chateaugay have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.77%, which ranks in the top 40% nationwide. This equates to an annual average Chateaugay house appreciation rate of 0.75%.

Over the last year, Chateaugay appreciation rates have trailed the rest of the nation. In the last twelve months, Chateaugay's appreciation rate has been 1.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chateaugay were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$98,756

Chateaugay, NY HOME PRICES

Value Range
> $1,052,000 0.8
$789,001 - $1,052,000 0.0
$526,001 - $789,000 0.6
$421,001 - $526,000 0.3
$316,001 - $421,000 1.8
$210,001 - $316,000 9.3
$105,001 - $210,000 32.7
$53,001 - $105,000 41.7
$0 - $53,000 12.9

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
78.4044298605414 84.6240179573513

Number Of Homes And Apartments:
294

Chateaugay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
71.06% 3.16% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$817 / per month

Homeownership Rate

Homeownership
Owners 58.29
Renters 41.71
Vacant 20.54

Housing Market Details

 

Age of Homes

AGE OF Chateaugay HOMES
2000 or Newer 4.3
1970 - 1999 14.6
1940 - 1969 15.7
1939 or Older 65.4

Types of Homes

TYPE OF Chateaugay HOMES
Single-Family 62.2
Townhomes 0.5
Small Apt. Buildings 20.8
Apt. Complexes 11.1
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Chateaugay HOMES
No Bedroom 0.00
1 Bedroom 13.24
2 Bedrooms 24.86
3 Bedrooms 37.57
4 Bedrooms 20.54
5 or more bedrooms 3.78

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