Port Chester, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Port Chester Neighborhoods Since 2000




Port 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

Port Chester Housing Market Information

With 29,620 people, 9,082 houses or apartments, and a median cost of homes of $407,359, real estate costs in Port Chester are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Port Chester, accounting for 34.53% of the village's housing units. Other types of housing that are prevalent in Port Chester include single-family detached homes ( 30.97%), large apartment complexes or high rise apartments ( 30.07%), and a few row houses and other attached homes ( 4.44%). Villages with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact villages that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Port Chester primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Port Chester has a mixture of owner-occupied and renter-occupied housing.

The housing in Port Chester was primarily built before 1939 ( 43.83%), making the housing stock in Port Chester some of the oldest overall in America, although there is a range of ages of homes in Port Chester. The next most important housing age is between 1940-1969 ( 41.12%), followed by between 1970-1999 ( 11.27%). There's also some housing in Port Chester built between 2000 and later ( 3.79%).

Port Chester Home Appreciation Rates

Port Chester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port Chester during the period has been just -1.10%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Port Chester's appreciation rate, at 3.17%, has been at or slightly above the national average. In the latest quarter, Port Chester's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Port Chester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Chester - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Port Chester real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$407,359

Port Chester, NY HOME PRICES

Value Range
> $1,110,000 1.8
$832,001 - $1,110,000 3.1
$555,001 - $832,000 20.7
$444,001 - $555,000 23.3
$333,001 - $444,000 19.9
$222,001 - $333,000 10.8
$111,001 - $222,000 12.6
$55,001 - $111,000 3.5
$0 - $55,000 4.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
9.15856088128442 23.2323232323232

Number Of Homes And Apartments:
9,082

Port 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
59.43% 2.74% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,006 / per month

Homeownership Rate

Homeownership
Owners 42.30
Renters 57.70
Vacant 7.06

Housing Market Details

 

Age of Homes

AGE OF Port Chester HOMES
2000 or Newer 3.8
1970 - 1999 11.3
1940 - 1969 41.1
1939 or Older 43.8

Types of Homes

TYPE OF Port Chester HOMES
Single-Family 31.0
Townhomes 4.4
Small Apt. Buildings 34.5
Apt. Complexes 30.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Port Chester HOMES
No Bedroom 4.52
1 Bedroom 19.92
2 Bedrooms 33.00
3 Bedrooms 28.97
4 Bedrooms 10.17
5 or more bedrooms 3.41