Chester, NY Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Chester, NY Housing Market Trends

With a population of 4,091, 1,569 total housing units (homes and apartments), and a median house value of $269,977, Chester real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Chester, accounting for 43.27% of the village's housing units. Other types of housing that are prevalent in Chester include large apartment complexes or high rise apartments ( 31.22%), row houses and other attached homes ( 17.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.69%).

The most prevalent building size and type in Chester are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.26% owning and 41.74% renting.

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 ( 30.75%). A lesser amount of the housing stock also hails from before 1939 ( 13.10%). There's also some housing in Chester built between 2000 and later ( 3.55%).

Chester Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Chester, where house values have increased just 19.04%, which is annualized rate of 1.76%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Chester's appreciation rate, at 10.00%, has been at or slightly above the national average. In the latest quarter, Chester's appreciation rate has been 3.16%, which annualizes to a rate of 13.26%.

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

Average Home Values

 

Median Home Value:
$269,977

Chester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
57.12% 2.12%
1
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,179 / per month

Homeownership Rate

Owners
58.3%
58.3%
Renters
41.7%
41.7%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.6%
3.6%
1970 - 1999
52.6%
52.6%
1940 - 1969
30.8%
30.8%
1939 or Older
13.1%
13.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.3%
43.3%
Townhomes
17.8%
17.8%
Small Apt. Buildings
7.7%
7.7%
Apt. Complexes
31.2%
31.2%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.0%
3.0%
1 Bedroom
13.3%
13.3%
2 Bedrooms
30.2%
30.2%
3 Bedrooms
40.9%
40.9%
4 Bedrooms
10.8%
10.8%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES