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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,450, 2,742 total housing units (homes and apartments), and a median house value of $825,154, Chestnut Ridge house prices are not only among the most expensive in New York, Chestnut Ridge real estate also is some of the most expensive in all of America.
Chestnut Ridge is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Chestnut Ridge than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chestnut Ridge. Owner-occupied housing accounts for 75.21% of Chestnut Ridge's homes, and 70.46% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chestnut Ridge's housing was primarily built during this period, from the '40s through the '60s. A full 52.16% of the village's housing hails from this era. Other housing ages represented in Chestnut Ridge include homes built between 1970-1999 ( 34.62%) and housing constructed before 1939 ( 10.29%). There's also some housing in Chestnut Ridge built between 2000 and later ( 2.93%).
Appreciation rates for homes in Chestnut Ridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.99%, which ranks in the top 30% nationwide. This equates to an annual average Chestnut Ridge house appreciation rate of 7.12%.
NeighborhoodScout's data show that during the latest twelve months, Chestnut Ridge's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Chestnut Ridge's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.
Relative to New York, our data show that Chestnut Ridge's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
$825,154
for New york
for nation
2,742
$5,217 / per month