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 30,823 people, 10,211 houses or apartments, and a median cost of homes of $746,461, Port Chester house prices are not only among the most expensive in New York, Port Chester real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Port Chester, accounting for 37.87% of the village's housing units. Other types of housing that are prevalent in Port Chester include duplexes, homes converted to apartments or other small apartment buildings ( 29.29%), single-family detached homes ( 24.55%), and a few row houses and other attached homes ( 8.29%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.
People in Port Chester primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Port Chester has a mixture of owner-occupied and renter-occupied housing.
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. Port Chester's housing was primarily built during this period, from the '40s through the '60s. A full 40.11% of the village's housing hails from this era. Other housing ages represented in Port Chester include homes built before 1939 ( 35.06%) and housing constructed between 1970-1999 ( 16.30%). There's also some housing in Port Chester built between 2000 and later ( 8.52%).
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 4.82%, which is lower than 80% of US communities.
Appreciation rates are so strong in Port Chester that despite a nationwide downturn in the housing market, Port Chester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Chester appreciation rates continue to be some of the highest in America, at 9.25%, which is higher than appreciation rates in 82.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Chester. Port Chester appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Port Chester's latest annual appreciation rate is higher than 70% 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.
$746,461
for New york
for nation
10,211
$3,706 / per month