Chester, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chester Neighborhoods Since 2000




Chester, NY Real Estate Data


Chester Housing Market Information

With 3,918 people, 1,665 houses or apartments, and a median cost of homes of $271,740, 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 37.45% of the village's housing units. Other types of housing that are prevalent in Chester include single-family detached homes ( 32.96%), row houses and other attached homes ( 20.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.27%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

Dwellings in Chester tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.03% of the homes in Chester have two or fewer bedrooms.

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 before 1939 ( 19.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.78%). There's also some housing in Chester built between 2000 and later ( 3.54%).

Chester Home Appreciation Rates

Homes have actually lost value in Chester over the last then years, as home values have seen a decline of 19.60% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Chester home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

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 2.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chester were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Chester's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$271,740

Chester, NY HOME PRICES

Value Range
> $1,042,000 0.9
$782,001 - $1,042,000 0.0
$521,001 - $782,000 4.6
$417,001 - $521,000 11.3
$313,001 - $417,000 18.8
$208,001 - $313,000 27.2
$104,001 - $208,000 34.2
$52,001 - $104,000 1.2
$0 - $52,000 1.9

High for NY
High for Nation

Value Relative to Nation Value Relative to State
20.0269368155999 35.3535353535354

Number Of Homes And Apartments:
1,665

Rent & Ownership

 

Average Market Rent:
$1,383 / per month

Homeownership Rate

Homeownership
Owners 66.91
Renters 33.09
Vacant 1.65

Housing Market Details

 

Age of Homes

AGE OF Chester HOMES
2000 or Newer 3.5
1970 - 1999 58.6
1940 - 1969 18.8
1939 or Older 19.1

Types of Homes

TYPE OF Chester HOMES
Single-Family 33.0
Townhomes 20.7
Small Apt. Buildings 8.3
Apt. Complexes 37.4
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Chester HOMES
No Bedroom 2.24
1 Bedroom 15.89
2 Bedrooms 32.90
3 Bedrooms 34.32
4 Bedrooms 7.50
5 or more bedrooms 7.15

Chester 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
36.25% 1.84% 2 4
* 10 is highest