Chester, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Chester Neighborhoods Since 2000




Chester, 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

Chester Housing Market Information

With 3,918 people, 1,558 houses or apartments, and a median cost of homes of $234,380, Chester real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Chester, accounting for 36.62% of the village's housing units. Other types of housing that are prevalent in Chester include single-family detached homes ( 32.21%), row houses and other attached homes ( 20.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.53%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings are the most prevalent type of housing you will see in Chester. Owner-occupied housing accounts for 67.46% of Chester's homes, and 48.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chester built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chester built between 1940-1969 ( 16.90%). A lesser amount of the housing stock also hails from before 1939 ( 15.86%). There's also some housing in Chester built between 2000 and later ( 3.18%).

Chester Home Appreciation Rates

Homes have actually lost value in Chester over the last then years, as home values have seen a decline of 26.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Chester home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Chester appreciation rates have trailed the rest of the nation. In the last twelve months, Chester's appreciation rate has been 0.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chester were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Chester's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$234,380

Chester, NY HOME PRICES

Value Range
> $1,000,000 0.6
$750,001 - $1,000,000 0.0
$500,001 - $750,000 5.6
$400,001 - $500,000 9.5
$300,001 - $400,000 13.3
$200,001 - $300,000 29.3
$100,001 - $200,000 38.2
$50,001 - $100,000 0.9
$0 - $50,000 2.5

High for NY
High for Nation

Value Relative to Nation Value Relative to State
24.9970701980546 38.4960718294052

Number Of Homes And Apartments:
1,558

Chester 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
25.96% 1.35% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,825 / per month

Homeownership Rate

Homeownership
Owners 67.46
Renters 32.54
Vacant 4.59

Housing Market Details

 

Age of Homes

AGE OF Chester HOMES
2000 or Newer 3.2
1970 - 1999 64.1
1940 - 1969 16.9
1939 or Older 15.9

Types of Homes

TYPE OF Chester HOMES
Single-Family 32.2
Townhomes 20.1
Small Apt. Buildings 10.5
Apt. Complexes 36.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Chester HOMES
No Bedroom 1.90
1 Bedroom 13.66
2 Bedrooms 32.09
3 Bedrooms 41.64
4 Bedrooms 7.35
5 or more bedrooms 3.37